Canadian Property Tax Rate Benchmark Report 2024
REALPAC/Altus Group
REALPAC and Altus Group are pleased to release the 2024 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 2024.
The report property tax rates for commercial properties to residential properties and analyzed the overall fairness of tax rates being applied. It also dives deeper into the array of tax rates that apply to commercial real estate in each of the 11 cities historically reviewed in this report, and into the relationship between property axes and market value.
