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Vacant Unit Tax in Hamilton and the Impacts, Real Estate Sales and Strategy
Manage episode 425597444 series 2825660
المحتوى المقدم من Rob Golfi. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Rob Golfi أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.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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