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A comment on Vacant Homes Are a Global Epidemic, and Paris Is Fighting It with a 60% Tax. Parent comment

Re:Vacant Homes Are a Global Epidemic, and Paris Is Fighting... by c2h5oh on Sunday March 05, 2017 @03:28PM (#13798387)
What really matters is what percentage of the vacant units are on the rental market.

For example in Toronto based on official statistics rental vacancy is 1.2%. 2011 census provides the rest of the required data: there were 1,112,929 private dwellings in Toronto out of which 476,085 were rentals. 1.2% of that is 5,713 units, out of 100,000 estimated vacant.

Imagine what difference on a rental market increasing available vacancies 15 or 20 times would make..

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Re:Vacant Homes Are a Global Epidemic, and Paris Is Fighting... by cperciva on Sunday March 05, 2017 @07:54PM (#13799950)
Be careful about those statistics. The official reported vacancy rates in Canada are usually for purpose-built rental accommodation, whereas a large (and increasing) proportion of the rental market is rental of condominiums and secondary suites.
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