@buildcanada.com @buildcanada.com · Nov 2 The budget is 2 DAYS AWAY. While there have been some announcements to reduce taxes on homes, we'd like to see more substantial changes to bring housing affordability. www.buildcanada.com/en/memos/hou...
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In Ontario, on an average priced home of $1,070,000, about $381,000 of that is taxes and fees. These taxes are messy and spread across all levels of government. However, the most pressing issue is with local "Development Charges", one-time taxes that are paid by a developer when creating new homes.