Comment 29033

By JonC (registered) | Posted February 24, 2009 at 14:07:27

Correlation is not causation.

It's much more accurate that as the property values rise, the tax rate can come down as less tax is needed to satisfy the existing budget (for most cities in the GTA, regardless of the tax rate, it's between 4k & 5k per household).

The high value of property in towns around Toronto are due to the proximity to Toronto. Try charting out average home value on a map. You can try the same exercise around Vancouver or Montreal or Calgary or New York or London, etc. The geography of the area (distance to employment) is the driving factor.

You have valid opinions in other matters, but you are wrong about this one.

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