One of the direct consequences of Ontario`s new Bill 23, will be higher property taxes.
Municipal taxes in Mississauga are slated to rise by 5% by early 2023.
The Town of Caledon is contemplating a 4% increase by the end of 2022
The Region of Peel has already assessed a 1.5% increase throughout the City of Brampton.
Provincially Bill 23 will reduce development charges in any new subdivision by the aggregate % of homes designated as attainable housing.
Logically the ensuing deficit must be counterbalanced by higher property taxes.
The Town of Caledon proposes 3.68% tax hike ahead of Budget talks
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