The Hidden Costs of a Vacant Home in Ontario

Leaving a home vacant in Ontario isn’t as simple as locking the door and walking away. Whether it’s due to probate, tenant turnover, travel, or an investment property sitting idle, the reality is that a vacant house can quietly turn into a financial sinkhole. Many owners underestimate the hidden costs — until it’s too late.

Insurance: More Complicated Than You Think

Most homeowners don’t realize that standard home insurance policies stop covering vacant properties after just 30 days. Without additional “vacant home” coverage, you could be footing the bill yourself if disaster strikes.

• Voided Coverage: Insurers may deny claims if the home has been unoccupied beyond the limit.

• Higher Premiums, Less Protection: Vacant property insurance can cost up to 50% more, often while offering reduced coverage.

• Ongoing Obligations: Many insurers require proof of regular inspections or maintenance checks to keep coverage valid. Miss one, and your policy might not protect you.

Damage Risks Multiply When No One’s Home

When no one is around to catch small issues, they grow — fast.

• Water Leaks & Mold: A slow drip can become thousands of dollars in repairs.

• Pests & Infestations: Empty homes attract rodents, raccoons, and other uninvited guests.

• Weather Events: Storm damage or frozen pipes escalate quickly when left unnoticed.

• Theft & Vandalism: Vacant homes are magnets for break-ins and, in some areas, squatting.

The longer a property sits empty, the more it deteriorates — and the higher the repair bill.

Municipal Bylaws & Fines

Ontario municipalities enforce property standards by-laws even when a home is vacant. Overgrown lawns, broken windows, or unsafe conditions can trigger fines, orders to comply, or municipal cleanup charges added to your property tax bill. Ignoring maintenance isn’t just risky — it’s expensive.

The True Ongoing Costs

Owning a vacant home means preparing for a steady drip of expenses:

• Separate Insurance Premiums — higher, specialized coverage.

• Property Managers / Inspectors — required by many insurers.

• Maintenance Costs — budgeting about 1% of the property’s value annually just for upkeep.

• Liability Exposure — from denied insurance claims or bylaw penalties.

How to Protect Your Investment

The best way to prevent hidden costs is simple: stay proactive.

1. Schedule Regular Inspections: Weekly or bi-weekly checks catch small issues before they become big problems.

2. Winterize Early: Protect pipes, roofs, and foundations before the cold hits.

3. Keep Records: Document inspections and maintenance to satisfy insurers.

4. Work with Property Preservation Experts: Having a professional team ensures your asset is protected, maintained, and compliant year-round.

Final Word

A vacant home in Ontario isn’t just “sitting there” — it’s either being preserved, or it’s quietly draining money. The hidden costs of neglect can run into tens of thousands of dollars, far outweighing the price of preventative care.

At 12 Gates Property Services, our mission is clear: Protecting Properties. Minimizing Loss. We help homeowners, landlords, and investors avoid the financial traps that come with leaving homes unattended.

Book a free consultation for your vacant property. Schedule Now

No obligation. 15–20 minutes. Ontario properties only.