Tax Gentrification / Gentrification Tax, 2018 by GTA (Gentrification Tax Action)

This is a proposal to create a Gentrification Tax to make Toronto affordable for lower- and middle-income residents. The tax is designed to discourage house flipping and to direct real estate profits to the local community. A Gentrification Tax would tax any increase in the sale value of homes within the first 10 years after purchase, declining from 100% in the first year to 0% after year 10. Income from the tax would be used to fund local self-managed affordable housing in the