Toronto’s luxury real estate industry expects the city’s beefed-up mansion tax, set to take effect April 1, to dampen sales, discourage buyers and fall short of tax revenue the city has predicted it ...
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Toronto mayor threatens $107m property tax rise to pay for the cost of sheltering migrants
Toronto Mayor Oliva Chow has threatened to raise property taxes for residents due to the city's $107 million ($78M USD) shortfall from the surge in migrants. During a Monday news conference, the ...
Toronto’s luxury brokers are bracing for fallout as the city’s expanded mansion tax takes effect April 1. Many warn the higher levy will slow already-anemic sales, nudge buyers out of the city and ...
Once again, Mayor Olivia Chow is proposing to increase Toronto’s Municipal Land Transfer Tax. This latest tax increase is being defended by supporters as necessary to help make the city more ...
Mayor Olivia Chow appears to be keeping her promise of a light property tax hike for 2026. As the city releases details of its new budget today, housing affordability remains an area of concern for ...
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