The real estate bull run has been propelled by heightened demand and impressive absorption charges. Now, poised at the cusp of a new fiscal year, the actual estate panorama seems in direction of the budgetary bulletins to sustain and amplify the constructive trajectory witnessed in 2023. Toronto city staff’s new budget includes a 10.5-per-cent property-tax enhance. If approved, the increase may add $500 to $1,000 or more to the annual price of residents’ property taxes, writes private finance columnist Rob Carrick. Given the $1.1-million common value of a house in the metropolis, it’s easy to say Toronto residents can afford the proposed increase.

  • As the actual estate sector appears forward to the Budget 2024, the expectations are high for a continued give attention to ‘Housing for All,’ tax reduction measures, and sustainability initiatives.
  • Diana Deen This Op-Ed was additionally co-authored with Diana Deen, the former Chief Ethics & Conduct Officer