Rental developers must factor property tax rates into their feasibility projections.
Despite residential hike, Vancouver businesses still disproportionately shoulder property tax burden
Approximately 15 per cent of Montreal's street-level retail spaces are vacant.
In the City of Toronto, property tax rates for commercial properties were almost four times higher than for residential properties.
Either they must charge higher prices, or they will go out of business.
In the Greater Toronto and Hamilton Area, commercial property tax rates were 2.2 times higher (on average) than residential rates.
In 2018, Calgary’s non-residential tax rates were almost four times higher than residential rates.
At 44.9 per cent, Burnaby’s heavy industry tax rates were more than 22 times higher than its residential tax rates.