Here’s Why Toronto Could See a Smaller Property Tax Increase This Year

Toronto’s 2026 budget proposes property tax hike of 2.2%

Property tax saw a 6.9 per cent increase last year and a 9.5 per cent increase in 2024

City proposes 2.2% tax increase in 2026 Toronto budget

Watch City proposes 2.2% tax increase in 2026 Toronto budget  Video Online, on GlobalNews.ca

City staff to propose 2.2 per cent tax bump for Toronto property owners in 2026

City staff are set to unveil a proposed 2026 budget for Toronto at city hall Thursday that will include a 2.2 per cent increase for property owners.

Toronto proposing 2.2% tax increase in 2026 budget

The City of Toronto is proposing a 2.2 per cent property tax increase in its 2026 budget, according to a statement from the mayor's office, after Olivia Chow said in late 2025 that a softer tax increase would be coming, as the city heads towards an election in October.

2.2 per cent property tax increase proposed for Toronto residents in 2026

A 2.2 per cent property tax increase is being proposed for Toronto residents as part of the 2026 budget. Mayor Olivia Chow’s office says the increase includes a 0.7 per cent hike in property taxes coupled with a 1.5 per cent annual increase in the City’s Building fund, which goes toward paying for transit and […]

Olivia Chow proposing 2.2% tax hike as council begins budget deliberations

Olivia Chow’s office announced the city's tax increase will be much lower than the last two years when council considers the issue. More.