It's sold to the public as a helping hand for property owners who are temporarily without tenants. They have to show they are actively promoting the property, but as far as I can tell there are no real checks and balances.
I would love to see a list of who/which properties are taking advantage as I have a feeling there are repeat offenders. It would make sense to me that you should have to progressively lower your rent to qualify. It would be easy to advertise at an unrealistic price, but lower the rent far enough and you will eventually hit the right pricepoint for any property. Funny business associations love the free market until it involves that particular part of supply and demand.
I don't remember where but I think I recall in the most recent budget cycle that Froude (correct me if I'm wrong) essentially said the program was off the table for cuts. Makes you wonder what kind of pull the Board of Trade (or other interests) has with the City on this.
Rob Antle (CBC) requested a report on the program a couple years ago but it was conveniently not ready at the time:
http://www.stjohns.ca/sites/default/...0Allowance.pdf
Anyone want to submit a new ATIPP for the audit and a breakdown of properties benefiting from this particular program?