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  • Are property taxes in Ontario really going to double in a few years?

    5% I can handle But I saw news that property tax in Markham is expected to double by 2026? That is ridiculous and a lot of people will be priced out. This will be a huge hit to affordability. Going from 10k to 20k a year is terrible, that's almost the rent for a condo. Source: https://www.yorkregion...

    • lolbeast
    • Feb 3rd, 2023 11:37 am
    • Forum: Real Estate

  • Ontario Property taxes to skyrocket due to Bill 23

    ... for community housing. You either have to do without growth infrastructure, or the infrastructure can’t be paid for any other way but through property taxes,” he said. “That tax base was never designed to pay for this kind of growth.” Colin Best, president of AMO, a non-profit that represents ...

    • StatsGuy
    • Nov 28th, 2022 8:16 am
    • Forum: Personal Finance

  • Builder holding Property Taxes

    So I took occupancy of a condo in Aug 2021. It closed in Sept 2021. Statement of Adjustments had a line to pay 2022 property taxes upfront at the time. I asked the builder's lawyer about this - they said it's because in Aug they were unsure of exactly how long it would take the unit ...

    • ki2017
    • Jun 29th, 2022 12:00 pm
    • Forum: Real Estate

  • How does sunroom affect home insurance and property taxes ?

    I am not sure about the impact of property taxes. But when I call my insurance company, they said there is no change. Does anyone else have different experience ? By the way, I remember some contractors say keeping/removing the patio doors ...

    • rdx
    • Aug 31st, 2021 4:57 pm
    • Forum: Home & Garden

  • Pre-Con Property Taxes

    As the title states, looking to gain an understanding on what the property taxes will be on our new home. Is it the purchase price x Municipal Residential Property Tax Rate? Or is it the MPAC appraisal of the home x Municipal Residential Property Tax rate? ...

    • ollywood
    • May 11th, 2021 1:40 am
    • Forum: Real Estate

  • Taxes with mortgage payment

    ... previous year and add a bit extra to that? Does the bank take your roll number and just send the city a payment each month? I previously paid my property taxes on my own when I had a condo, but now that I bought a house, I had them included in my monthly mortgage payment. Wondering if maybe I ...

    • zzzz24
    • Dec 20th, 2020 7:36 pm
    • Forum: Real Estate

  • Paying property taxes - options

    ... in Halifax. The mortgage is with CIBC. I am paying 20% down. The mortgage agent today ran through the details and he has offered that I pay my property taxes through CIBC too. He said an additional monthly payment would be taken from my CIBC account to do this. Something came up at work during ...

    • RaiderX
    • Dec 8th, 2020 11:29 pm
    • Forum: Real Estate

  • Toronto Property Taxes and Water Bills

    These are the only bills I get in the mail as paper bills. Is there an option to get ebills? I see something on ePost, but wanted to make sure it works if anyone else here uses it please. Thanks!

    • cessnabmw
    • Nov 6th, 2020 11:21 am
    • Forum: Real Estate

  • Property taxes difference between Reno and Re-build

    In the Toronto Building Bylaw, there is a rule that says as long as you are retaining more than 50% of the exterior walls, the project is classified as Renovations. I have an existing house with 2 floors and a 2 car attached garage. I am adding 2 extensions, one in front and a smaller one at the bac...

    • danc7171
    • Sep 2nd, 2020 12:04 pm
    • Forum: Home & Garden

  • Pay property taxes in Stouffville by credit card

    Hi, I just noticed we can now pay our property taxes for the homes in Stouffville using credit cards on their Virtual Hall online. Does anyone know how much convenience fee we need to pay? The payment is processed by a third party called Paytm. ...

    • GoldenB70001
    • Jul 2nd, 2020 10:13 pm
    • Forum: Personal Finance

  • Vaughan (Ontario) Property Taxes - How to pay Online?

    So, title says it all. I'm assuming I just log into my banks online banking and add a payee? When I search for Vaughan in the payee search I found the matches below. Does anyone know what the correct one is? I'm assuming it's the last one as the first is a lawyer office and the second I believe has ...

    • Odd I/O
    • Jun 27th, 2020 9:28 pm
    • Forum: Personal Finance

  • Can I pay my Toronto property taxes using online banking?

    So I know that it should be possible, but I don't know what the payee should be. I can't find one on TD Easyweb.Does anyone know?Thanks

    • bonzy2398
    • Jun 26th, 2020 6:04 pm
    • Forum: Real Estate

  • Vancouver homeowners can wait until Sept. 30 to pay property taxes

    https://bc.ctvnews.ca/vancouver-homeowners-can-wait-until-sept-30-to-pay-property-taxes-1.4917408 VANCOUVER -- Homeowners, you can now take until the end of September to pay your taxes in Vancouver. Council voted Tuesday night to move the July 3 deadline into the fall for owners of residential prope...

    • Sgtalpowell
    • Apr 29th, 2020 8:27 pm
    • Forum: Real Estate

  • Property taxes deferral for cities

    Many cities are waiving any fees [penalties, interest, etc.] and allowing to pay tax payments bit later. Search for your city online but few examples: Toronto 60 days Ottawa April 15 or even October 30 Vancouver 60 days [thanks @choclover] Mississauga 90 days Brampton 5 months [the deferral notice w...

    • georvu
    • Mar 21st, 2020 10:53 am
    • Forum: Personal Finance

  • Toronto increasing property taxes

    ... I guess the federal climate change rebate will help........ Right? Incremental hurt coming down the line. The change will see property taxes rise by one per cent in 2020 and 2021, and an additional 1.5 per cent annually until 2025. That means an average homeowner can expect ...

    • johnnychi
    • Dec 17th, 2019 4:27 pm
    • Forum: Real Estate

  • Calgary hiking property taxes by 7.5% for 2020, braces for higher hike in 2021

    After a normal 3% hike in 2019, it's going up by 7.5% for homeowners in 2020 https://calgaryherald.com/news/local-news/city-council-votes-for-a-tax-freeze-but-bills-still-set-to-rise-in-2020 council approved a strategy to use one-time funding of $24 million to buy the city time to find further budge...

    • StatsGuy
    • Dec 2nd, 2019 9:43 am
    • Forum: Real Estate

  • Question about property taxes for condos (Toronto)

    ... a 1 Bedroom+ Den starting at around $550,000 or a 2 Bedroom starting at $614,000. Based on a preliminary info document, they state that property taxes are approximately at 1% which seems quite high. Just putting in some quick math, that sounds like it would mean property taxes at around ...

    • Aljcc1
    • Sep 12th, 2019 9:08 am
    • Forum: Real Estate

  • Will Property taxes will skyrocket in 2020 as Ontario downloads public health and childcare costs to municipalities?

    This is bad news as a homeowner as this can only mean we will pay even bigger share of provincial services on backs of homeowners . Unless they give cities more taxation power like a sales tax? https://www.cbc.ca/news/canada/toronto/ont-municipal-funding-1.5251772 Ontario will move ahead with its co...

    • StatsGuy
    • Aug 19th, 2019 8:02 am
    • Forum: Real Estate

  • Property Taxes on a Duplex vs Single Family Home

    ... family home into a duplex (legally) and renting out the secondary suite but I have been told that in Toronto Duplexes often get charged a lot more property taxes than single family homes. I was just wondering how true that is or if anyone has experience with what kind of increase I could be looking ...

    • ushkdavid
    • Jul 8th, 2019 10:57 am
    • Forum: Real Estate

  • Property Taxes - Selling Home

    Just received my final tax bill for the year and I am planning on listing my property for sale. If I pay the tax bill and then sell my property before the year is finished, will they refund any difference?

    • zzzz24
    • Jun 7th, 2019 11:17 am
    • Forum: Personal Finance

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