The federal government has pledged to introduce a modest, targeted vacancy tax in its recent budget in order to tamp down on the speculative housing activity that has grown during the COVID-19 pandemic. However, it is difficult to imagine that such a small measure will make much of a difference on the overall costs and a responsible government would, before introducing new initiatives, examine and eliminate perverse incentives in this realm which previous have put in place and which continue to contribute to an overheating market.
The Right to Housing in Canada: Imagining an Inclusive Future
Heightened attention has been given to the problems of homelessness and housing insecurity across Canada. Under present conditions, eviction is closer to reality for many due to the lifting of eviction bans.