Toronto’s latest proposed budget is asking residents to pay a little bit more on the heels of a historic 9.5 per cent tax hike just a year ago. Here are a few things that increase will buy if the budget is approved.

CTV News

Canada

Toronto staff propose 6.9 per cent tax bump, including city building levy

City of Toronto staff are proposing a property tax increase of 5.4 per cent in the latest city budget.

Media Bias/Fact Check

Bell Media

Torontonians will soon get an idea of how much property taxes may be going up, as city staff are set to unveil a proposed budget on Monday. We already know Toronto police and the TTC will be getting funding boosts, and Mayor Olivia Chow has signalled housing as one of her other key priorities.

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All Sides

CBC News

Government of Canada

Police, TTC and housing to be top priorities in Chow's 2025 Toronto budget

Mayor Olivia Chow and budget chief Coun. Shelley Carroll revealed the figure to reporters Monday as part of the city’s proposed budget this year.

Global News

Corus Entertainment

Toronto

Ontario

6.9% tax spike ‘will mean change in Torontonians’ lives’: Olivia Chow - Toronto

Toronto Mayor Olivia Chow is supporting a nearly 7 percent tax increase as part of the city’s $18.8 billion budget for 2025.
The increase combines a 5.4 percent property tax hike with an annual 1.5 percent increase to the city building fund, a levy intended to support essential infrastructure initiatives. 
If the proposed increase is approved by city council next month, taxpayers can expect a 6.9 percent increase in their bills, which translates…

The Epoch Times

Epoch Media Group

New York

United States

Toronto Unveils Budget With 6.9 Percent Tax Increase

The proposed 2025 Toronto budget includes a 6.9 per cent property tax hike, which city staff estimate will cost the average homeowner an additional $268.37 a year.

The Toronto Star

Torstar

Mayor Olivia Chow launches 2025 Toronto budget with 6.9 per cent property tax hike

The proposed 2025 budget for Toronto, and whether it will lead to another huge property tax hike, will be unveiled Monday as the affordability crisis chips away at people's pocketbooks.

Toronto Sun

Leon Cooperman

Allianz

Another huge property tax hike? Concern as Mayor Chow set to unveil city budget

The City of Toronto is proposing to increase property taxes by 6.9 per cent this year to help fund its $18.8 billion operating budget for 2025. The proposed hike includes a tax increase of 5.

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Sault Ste. Marie

Algoma District

Toronto's proposed 2025 budget includes 6.9 per cent property tax increase

Barrie Today

Barrie

Simcoe County

Orillia Matters

Orillia

Midland Today

Olivia Chow

Taxes

Housing

Toronto, ON

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CP24

Moose Jaw Today

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StratfordToday.ca

The NOTL Local

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Western Investor

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Storeys

Mortgage Rates & Mortgage Broker News in Canada

What a 6.9 per cent tax hike gets you

What a 6.9 per cent tax hike gets you

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