Canadian Property Tax Rate Benchmark Report 2023
REALPAC/Altus Group
REALPAC and Altus Group are pleased to release the 2023 Canadian Property Tax Rate Benchmark Report – providing an in-depth annual review of the tax rate of commercial properties, as compared to residential properties in 11 major cities across Canada in 2023.
The report reviews how those municipalities respond to the challenges of increased costs and market fluctuations, and monitors the impacts of municipal tax policies on commercial taxpayers.
Data from the 2023 report found that six out of the 11 cities surveyed have a commercial tax rate that is more than three times the residential tax rate, with average commercial-to-residential tax ratio of 2.82.
