Property Tax

property tax breaks

Construction Business

Alberta enables long-term property tax breaks

Newly adopted amendments to Alberta's Municipal Government Act extend provisions that were initially devised to support the rejuvenation of derelict brownfields to all non-residential properties.
property tax shifts

Canadian Property Management

Property tax shifts continue to plague Calgary

Nearly 12,000 non-residential ratepayers will get some relief from the property tax shifts Calgary's sliding downtown office values triggered this year
MPAC board

Canadian Property Management

Municipalities could lose clout on MPAC board

A new government means a new round of scrutiny for Ontario's property assessment agency.
property tax

Canadian Apartment Magazine

Multi-res property tax rate hits tenants hard

Author, broker and landlord instructor Chris Seepe breaks down the hidden expenses in rent that may surprise some residential tenants.
Industrial properties

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.
Commercial ratepayers

Canadian Property Management

Few favours for commercial ratepayers in 2018

Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.
Smoothing of tax inequities

Canadian Property Management

REALPAC calls for smoothing of tax inequities

An illogical quirk in the apportionment of business education tax continues to undermine competitiveness for some of Ontario's major cities, advocates for the commercial real estate sector maintain.
property tax grant

Canadian Property Management

Developers decry pullback on property tax grant

Rules for the program are set to change, making the timing less than ideal for development proponents still awaiting a decision based on the original criteria in place when they submitted their applications.
property assessment

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.
vacant dwelling tax

CondoBusiness

Vacant dwelling tax deemed costly to collect

Much of the data that might indicate if a unit is vacant comes from fragmented sources, is not currently collected or inaccessible due to privacy issues, and is frequently inconclusive.
residential development land

CondoBusiness

B.C. residential development land takes tax hit

The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
divergent property tax regimes

Canadian Property Management

Cities exhibit divergent property tax regimes

This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
vacant unit rebate

Canadian Property Management

Cities poised to terminate vacant unit rebate

Past, present and would-be recipients bristle at suggestions that the rebate is a subsidy or a disincentive to improve the marketability of their properties.
CVA-related tax increases

Canadian Property Management

CVA-related tax increases still levied unevenly

Last year, 4,955 of Toronto's commercial properties were still under a property tax cap, which 7,107 other commercial properties funded via clawbacks.
optional property tax class

Canadian Apartment Magazine

Optional property tax class set to be mandatory

Though expressed somewhat vaguely, the Ontario government's newly announced housing plan forewarns that all municipalities will be required to adopt the new multi-residential property class and align it with the tax rate applied to residential properties.
housing market

Canadian Apartment Magazine

Furor over MPAC multi-res cap rates predicted

Assessment notices for nearly 16,000 Ontario multi-residential properties will be mailed out next week, delivering valuations determined for the first time with the newly adopted direct capitalization methodology.
land transfer tax

CondoBusiness

Ontario’s new four-year assessment cycle begins

Ontario's Municipal Property Assessment Corporation (MPAC) reports province-wide residential property values have increased by an average of 4.5 per since January 2012.