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New Brunswick proposes property tax rate stabilizer

Canadian Property Management

NB proposes property tax rate stabilizer

New Brunswick introduces new legislation that would leave non-residential ratepayers potentially exposed to a larger share of the property tax burden.
Alberta to limit vacancy tax exposure

CondoBusiness

Alberta to limit vacancy tax exposure

The Alberta government plans to block vacancy tax on dwellings that provincial residents own and introduce fines for property owners who fail to submit required information to assessors.
Some ratepayers veiled in NB survey findings

Canadian Property Management

Some ratepayers veiled in NB survey findings

There’s little clear insight into what New Brunswick's residential landlords and non-residential ratepayers think about the assessment and property tax system.
New Brunswick launched property tax consultation

Canadian Property Management

New Brunswick launches property tax consultation

A promised overhaul of New Brunswick’s property tax system has been launched with a public survey and stakeholder consultation process.
MPAC unveils data collection enhancements

Canadian Property Management

MPAC unveils data collection enhancements

Web platform upgrades could ease drudgery for Ontario commercial ratepayers obliged to submit annual income and expense information to the Municipal Property Assessment Corporation.
NB takes first step to property tax reform

REMI Network

NB takes first step to property tax reform

New Brunswick will hold property assessments at 2025 levels for 2026 as the first step of a promised overhaul of the property tax system.
Outdated property assessments no bargain in Ontario

Canadian Property Management

Property assessments no bargain in Ontario

Ontario’s outdated property assessments are an added hitch for retail landlords now contemplating vacant anchor spaces in dozens of regional shopping centres throughout the province.
Alberta

REMI Network

Property reassessment still on hold in Ontario

Ontario’s fall economic statement confirms that property reassessment is still on hold, but a small tweak is in the works to alleviate the tax burden on some student housing projects.
Commercial ratepayers carry heftier tax share

Canadian Property Management

Commercial ratepayers carry heftier tax share

Commercial ratepayers took on a larger share of the property tax burden in eight of 11 large Canadian cities this year, with 2023 commercial tax rates more than tripling residential tax rates in six of those cities.
Ontario keeps clinging to 2016 market values

Canadian Property Management

Ontario keeps clinging to 2016 market values

The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
New Brunswick rent cap

Canadian Apartment Magazine

NB cabinet shuffle shifts property assessment

New Brunswick's newly announced cabinet shuffle responds to the recent departure of four provincial Ministers, two through resignation and two through dismissal.
B.C. boost assessment appeal filing fees

Canadian Property Management

B.C. boosts assessment appeal filing fees

Assessment appeal filing fees are jumping from $30 to $300 for British Columbia's commercial and industrial property owners, but remaining static for other property classes.
Reassessment ups Nova Scotia multifamily property values

Canadian Apartment Magazine

Reassessment ups NS multifamily property values

Many multifamily landlords in Halifax have seen a jump in their property values with Nova Scotia’s most recent reassessment based on January 2022 market values.
New Brunswick proposes property tax rate stabilizer

Canadian Property Management

Mill rate adjustments for Saskatchewan EPT

Saskatchewan's commercial ratepayers face an increase in the education portion of their property taxes due to a bump-up in the mill rate, but the spread across tax classes has been tightened.
property assessments

Canadian Property Management

New property valuation board slated for Manitoba

Manitoba is moving to establish a single entity to deal with property tax assessment appeals, compensation for land expropriation and applications for surface rights.
B.C. condo owners see rise in assessed value for 2022

CondoBusiness

B.C. condo owners see jump in assessed value

Surging values for single-family homes are far outstripping condo gains, but average assessed values for strata residential properties rose anywhere from 7 to 29 per cent across 19 jurisdictions in the lower mainland.
Light industrial set for a heavy property tax hit

Canadian Property Management

Light industrial set for heavy property tax hit

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.