The city of Toronto’s executive committee has approved a residential property tax hike of 1.3%.
Budget chief Gary Crawford says the commitee listened to the public.
”We heard very clearly from them that they wanted to assure that the city stays affordable. So we had a goal of a 1.3, which is a cost of inflation, property tax increase. So we achieved that through the budget process and through executive (committee).”
In addition, homeowners also face a 0.6%percent levee for the Scarborough subway.
If city council approves next week, the average homeowner in Toronto will pay an extra $51.24.