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Vacant Unit Tax in Hamilton and the Impacts, Real Estate Sales and Strategy
Manage episode 425597444 series 2825660
Konten disediakan oleh Rob Golfi. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Rob Golfi atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Welcome to the Golfi Real Estate Show!
Join us for the latest in real estate insights and news. In this episode Phil Golfi discussed:
- Hamilton is implementing a vacant unit tax bylaw in 2025, which will charge non-exempt vacant residential properties 1% of the assessed value.
- Concerns are discussed regarding the potential impacts of the vacant unit tax on long-term property holdings and development projects.
- The discussion highlights frequent transactions involving vacant properties, noting that many are sold due to circumstances like death or marital separations, rather than long-term vacancy.
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