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DTSTART;TZID=America/Toronto:20260430T160000
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CREATED:20260406T134545Z
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UID:14770-1777564800-1777568400@imfg.org
SUMMARY:The Effect of a Vacant Homes Tax on Housing Affordability
DESCRIPTION:The City of Vancouver is the first jurisdiction in North America to implement a vacant homes tax to address concerns about housing affordability. This graduate fellow presentation examines the impact of this tax on housing vacancy and foreign home ownership\, using a synthetic control method. The findings indicate that the tax led to a reduction in the vacancy rate and foreign home ownership\, effectively addressing its primary objectives. In contrast\, the tax’s effect on rents and housing prices is less clear. \nSpeaker: \nEun Ji (Lindsay) Lee is the recipient of the 2025–2026 IMFG Blanche and Sandy Van Ginkel Graduate Fellowship from the Institute of Municipal Finance and Governance. She is a Ph.D. candidate in the Department of Economics at the University of Toronto. Her primary research interests are in labour and urban economics\, with a focus on urban housing and labour markets\, residential segregation and sorting\, and housing affordability. Lindsay holds both a Bachelor of Arts (BA) and a Master of Arts (MA) in economics from York University. \nRegister
URL:https://imfg.org/event/the-effect-of-a-vacant-homes-tax-on-housing-affordability/
LOCATION:School of Cities\, Suite 853\, Boardroom\, 55 St. George Street\, Toronto\, Ontario\, M5S 0C9\, Canada
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