Cost of housing in Canada

[Brad Sallows]

Interesting property tax comparisons,

Halifax property tax rate % 1.12

Toronto property tax rate % 0.72

Jan 27, 2025

Rate comparisons are meaningless. Almost everywhere rates are manipulated with the rise and fall of assessed values so that the amount payable hits some target (eg. "last year's amount plus 3%"). What should draw attention is that Halifax pays $6,039 on $539,200 and Toronto pays $7,634 on $1,060,300 (Toronto pays less per assessed dollar). Alternately, if I knew the municipal services were approximately equal, I'd focus on Toronto paying more than Halifax regardless of assessed value.

 

[mariomike]

What should draw attention is that Halifax pays $6,039 on $539,200 and Toronto pays $7,634 on $1,060,300 (Toronto pays less per assessed dollar).

Right.

The tax rate % drew my attention.

Not a real estate SME. But, imagine most high value property owners would prefer a lower tax rate.

Understood low tax rate X high value = high taxes.

 

[mariomike]

City of Toronto voted to allow six-plexes in 9 of its 25 wards.

13 July, 2025

https://www.cbc.ca/news/canada/toronto/toronto-sixplexes-federal-funding-1.7581867

In other real estate news,

Low cost housing, but facing 300% tax increase.

Heavily in debt andl looking at a 300 per cent tax increase, the Township of Fauquier-Strickland has instead voted to end all municipal operations and layoff all staff effective Aug. 1.

Facing 300% tax hike, northern Ont. community to dissolve Aug. 1

Heavily in debt and looking at a 300 per cent tax increase, the Township of Fauquier-Strickland has instead voted to end all municipal operations and layoff all staff effective Aug. 1.

www.ctvnews.ca

 

[mariomike]

27 July, 2025

Immigration has raised home prices by more than 20% in Vancouver and Toronto.

Immigration has raised home prices in cities like Toronto by more than 20 per cent

A new study by the Government of Canada has found that immigration levels contributed to rising home ownership prices and housing rental rates in cit…

www.blogto.com

How much you need to by a home in Canada,

It became tougher to afford a home in nearly all Canadian markets in June | Ratehub.ca

The latest Affordability Report from Ratehub.ca finds it got tougher to purchase a home in 12 of 13 markets in June, due to rising mortgage rates.

www.ratehub.ca

Ottawa doubles down on threat to reduce Toronto’s housing funding following sixplex vote

Ottawa doubles down on threat to reduce Toronto’s housing funding following sixplex vote

Toronto City Council’s recent decision to permit low-rise sixplexes in nine wards, instead of across the city as initially proposed, could cost it nearly $30 million in federal housing funding.

www.ctvnews.ca

 

[lenaitch]

And the provincial government hates four-plexs:

https://www.cbc.ca/news/canada/toronto/ford-fourplexes-infrastructure-funding-1.7162251

 

[FSTO]

A good conversation regarding the housing issue.

Housing Policy with Butler + Meredith + Moffatt

Podcast Episode · The Herle Burly · 2025-07-26 · 1h 2m

podcasts.apple.com

 

[mariomike]

And the provincial government hates four-plexs:

https://www.cbc.ca/news/canada/toronto/ford-fourplexes-infrastructure-funding-1.7162251

Our Ratepayers Association, Swansea, put it this way,

When dealing with Multiplexes in the past, the question was does the City have the resources to manage these housing units – It didn’t then and it doesn’t now.
How is the City going to control the as of right Sixplexes in neighbourhoods turning into motels or short-term rentals? The City already has difficulty controlling the excesses of AirBnb motels/hotels. The City should be cacareful for what it wishes. Without stricter zoning and the adherence to height and structural zoning minus the as of right feature, affordable rentals and housing will be a reality.

 

[Bruce Monkhouse]

I was not really in favour of 4/6 plex's until it was brought up that a 6 plex would have taken a lot less "open ground" then the 3 houses and 3 small houses they stuck on a lot, that used to have one single house on it, down the street.

In a city (Guelph) that takes all its drinking water from ground sources, that is very important.

 

[mariomike]

Potential home buyers may, or may not, find this of interest

"Canada's most liberal city",

 

[Colin Parkinson]

City of Toronto voted to allow six-plexes in 9 of its 25 wards.

13 July, 2025

https://www.cbc.ca/news/canada/toronto/toronto-sixplexes-federal-funding-1.7581867

In other real estate news,

Low cost housing, but facing 300% tax increase.

Facing 300% tax hike, northern Ont. community to dissolve Aug. 1

Heavily in debt and looking at a 300 per cent tax increase, the Township of Fauquier-Strickland has instead voted to end all municipal operations and layoff all staff effective Aug. 1.

www.ctvnews.ca

Nice new building they have, I have to wonder about spending priorities they had?

 

[Good2Golf]

In a city (Guelph) that takes all its drinking water from ground sources, that is very important.

Can’t the city draw from Hamilton harbour to treat and distribute?

 

[lenaitch]

Can’t the city draw from Hamilton harbour to treat and distribute?