Greater Toronto Area Homes in High Demand and on the Rise

Friday Mar 01st, 2024


Toronto residential properties are headed for a property tax increase that have left many home owners wondering what's next? With city debt on the rise, the municipality is in search of additional revenue streams to maintain it's current operations and continuous infrastructure improvements. 

Many Torontonian's are asking where has all the revenue gone from the multitude of condominium developments which has added over 60,000 plus condominium suites in the last 10 years to the property tax coffers. Revenue that the municipality has not seen in its historical discovery. 

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