Someone bought a century home in Saint John and is allowing it to rot. The buyer apparently lives in Toronto and doesn’t care that the building is falling apart.
This is shitty. Someone has the money for “an investment”, which means other people don’t get somewhere to live.
Do they not have a vacant home tax? I know Vancouver, Toronto and Ottawa do. It just makes sense
The vacant home taxes seem pretty low. I’m not sure they’re enough to stop wealthy folks from parking their cash in rapidly approaching real estate.
IIRC Winnipeg is in the process of implementing one, but it only applies to vacant single family buildings, not vacant multi-tenant ones.
It’s start, but it needs to go farther.