How Toronto’s potential 10.5% property tax increase could affect renters

City of Toronto staff are proposing a 10.5 per cent property tax increase — basically, more than $300 per year added to the bill of the average home — and warning that without funding from the federal government, that could climb as high as 16.5 per cent. CBC’s Shawn Jeffords breaks down the budget process, including how the increase could impact renters, as well as home and condo owners.

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