David Gibson
Canadian Apartment Magazine
Potential property tax relief looks uneven
A potential incentive for new purpose-built rental housing in Ontario comes with adverse implications for existing multifamily properties, thanks to the mathematics of property tax allocation.
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.
Canadian Property Management
Overdue property reassessment raises alarm
Ontario’s overdue property reassessment is on hold until at least 2024, leaving many commercial ratepayers with a further wait to realize tax reductions from pandemic-related value erosion.
Canadian Property Management
Historic property tax disparity dismantled
As announced in the provincial budget, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 per cent for 2021, equating to a $450-million tax cut province-wide.
Canadian Property Management
Ontario to delay next property tax cycle
The move was announced in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.
Canadian Facility Management & Design
Ontario cues agenda for industrial properties
The action is included in a list of initiatives associated with Bill 66, the proposed Restoring Ontario's Competitiveness Act, even though none of the bill's dozens of legislative amendments pertain to the Assessment Act.
Canadian Property Management
Ontario revises property assessment schedule
The launch of a new four-year cycle in 2017 spurred a wave of assessment appeals as property owners reacted to often dramatic increases in value over the previous assessment.
