Canmore's "vacancy tax" threatens property rights

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property taxes

edmontonjournal

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Business

Business & Economics

Opinion: Alberta should put a stop to municipal 'vacancy taxes'

Summary

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70% Informative

Canmore passed a “vacancy tax” bylaw in 2024 that will impose a massive 300 -per-cent municipal tax increase on those who do not conform to town council’s definition of a primary resident’ The median residential owner in Canmore will pay $ 2,136 in property taxes, while “non-primary residents” pay $ 6,308 .

Research has shown this type of vacancy tax does not work, and actually brings several undesirable side effects, writes Don Lowry .

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Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful