Toronto

All dollar amounts on this page are in Canadian dollars.

City introduction

Toronto is described by the City as Canada's largest city and one of the most diverse municipalities in the world, and it serves as the capital of the Province of Ontario. The City explains that its powers are defined principally by the City of Toronto Act, 2006, under which its governance system is set out in the Toronto Municipal Code, and that City Council is made up of 26 members — the Mayor, elected city-wide, and 25 councillors, each elected in one ward.

Source: City of Toronto — City of Toronto, Introduction to Toronto's Government.

Combined chart

Toronto property tax increase, Canada inflation, and Canadian dollar Real CEER, 2015–2026

Bars: City of Toronto combined residential property tax annual increase, from the City of Ottawa comparison table (see the scope notes).

Lines: Canada inflation (Canada CPI annual average, Statistics Canada) and Canadian dollar Real CEER (Bank of Canada). CEER is on the separate right axis and is not a percentage.

Bars — Toronto combined residential property tax increase
Line — Canada inflation (Statistics Canada CPI annual average)
Line — Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)

Scope notes

Scope — read first: every figure in this series, including 2026, is the combined residential increase published for Toronto in the City of Ottawa's official comparison table, “How does the City compare with other municipalities?” — this series has NOT yet been re-checked year-by-year against the City of Toronto's own budget files. Toronto is single-tier: there is no regional portion, and the provincial education tax is not part of this series.

Toronto is a single-tier municipality: there is no upper-tier regional portion. For 2026 the combined figure of 2.20% is made up of a 0.7% operating increase plus a 1.5% city building fund increase, and is also confirmed in the City of Toronto's own 2026 budget-final news (an average home at an average assessed value of $692,140 sees about +$91.53 per year). The earlier years are the Ottawa table's Toronto row only, as the first scope note states.

A 2026 whole-bill residential tax rate of 0.767311% (City 0.605295% + City Building Fund 0.009016% + education 0.153000%) has been seen only in third-party summaries of the City's tax-rate table; it was not verified against that table directly, so it is not recorded as verified in this section or in any table on this page. It may be recorded only after the City of Toronto's own property tax rates table is opened and checked directly.

Method

This trend uses one metric only, every year: the combined residential property tax increase published for Toronto in the City of Ottawa comparison table .

Where a city publishes an increase as components, the components are recorded in the scope notes; a total is used only where the city itself publishes it.

Canada inflation is Statistics Canada, Table 18-10-0005-01, CPI annual average. Canadian dollar Real CEER is Bank of Canada, Valet series CEER_BROADM, total index (1999=100); each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value).

How to read this page

Bars are the Toronto combined residential property tax increase. Lines are Canada inflation and Canadian dollar Real CEER.

The left axis is a percentage axis shared by the bars and the inflation line. The right axis is a separate index axis for Canadian dollar Real CEER only. CEER is an index and is not a percentage.

A year shown as “No data” has no bar for property tax and no line point for that series, and a missing year breaks a line.

Tax rates per $1,000 are separate from the trend and are not charted.

Sources

City of Toronto introduction: City of Toronto, Introduction to Toronto's Government
City of Toronto: City of Ottawa, How does the City compare with other municipalities?
City of Toronto: City of Ottawa, How does the City compare with other municipalities?
Statistics Canada, Table 18-10-0005-01: CPI annual average
Bank of Canada, Valet series CEER_BROADM: Real CEER source file

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This page is an independent guide. It is not a government site and it is not an official site. It is general information only and is not tax advice. Check the official City of Toronto source before relying on a figure.