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Cost of housing in Canada

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

13 July, 2025

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.

 
27 July, 2025

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


How much you need to by a home in Canada,


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

 

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

"Canada's most liberal city",

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

13 July, 2025

In other real estate news,

Low cost housing, but facing 300% tax increase.



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