this post was submitted on 22 Jun 2025
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Do you have stats to backup that 1/3 price argument?
From my experience it was more like 5-10% cost was taxes
Yeah, it does sound suspect. I just bought an existing house and it was about 10% and I got most of that back via the first time home buyers rebate. I'd have difficulty believing they would incentivize existing houses so heavily and discourage new housing.
https://ca.news.yahoo.com/rescon-development-charges-lost-relevance-135507673.html
You do realize the Toronto Sun is an American-owned publication, right? And none of those figures are referenced.
Thanks for the link, looks like that'll change drastically depending what city you're in.
Did a lil research and it looks like it would indeed be in the 10% ish range for my city, but yea sounds like it's too high in some areas.