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Why London needs a vacancy tax
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Why London needs a vacancy tax
London’s apartment vacancy rate has hit a 15-year high. According to Canada Mortgage and Housing Corporation’s (CMHC) report from December 2025, London’s vacancy rate now sits at 4 percent, up from 2024’s 2.9 percent. Meanwhile, there has been a 19 percent increase in people experiencing homelessness in London. Without urgent action, a new report indicates
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