Moving day will be tough this year
Moving day is bound to be a tough one this year following the wave of evictions turfing many folks out of their apartments.
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Kate
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Ephraim 17:21 on 2020-01-24 Permalink
First thing you need to do… have Revenu Quebec start acting on the STR portfolio. They need the taxes, the city needs the taxes and the city needs the apartments. It will clear a lot of things up, quickly, as people who are holding on to apartments and subletting them… will give them up. The city is losing at least a thousand dollars per apartment in city taxes, if not more. (All they have to do is make a few reservations and send in the fines… it will hit the newspapers in days!) The CRA is trying to go after them for undeclared income anyway.
We also need a registry of tenancy of some kind, to see how many apartments and condos their are. How many are owner occupied. How many are rented. How many are empty. Maybe a tax on empty apartments, they do that in some cities. There are apartments above some stores that sit empty as well… require a $240 tax per year per apartment with a $240 rebate via registration of the occupancy. I’m sure someone could come up with an idea that might work. So, no occupancy, no rebate.