Here's how Ottawa's property taxes compare to other Canadian cities
Ottawa homeowners pay higher property taxes on properties than residents in Canada's largest cities, but a new report shows property taxes in the capital are the second lowest among Ontario cities.
A new report by Zoocasa looks at the 2024 property tax rates for 24 cities in Canada and calculates taxes on homes valued at $500,000, $750,000 and $1 million.
Ottawa ranks 13th out of 24 Canadian cities for the 2024 tax rate, at 1.19564 per cent, according to Zoocasa. Vancouver has the lowest tax rate in Canada, followed by Abbotsford, Victoria, Montreal and Calgary. Toronto is ranked 6th and Edmonton is 10th.
Ottawa has the second lowest tax rate of the nine Ontario cities surveyed by Zoocasa. Waterloo, Kitchener, Hamilton and London all have tax rates over 1.2 per cent.
"Understanding the relationship between housing costs and property tax rates is key to making informed decisions when buying real estate," Carrie Lysenko, CEO of Zoocasa, said in a statement.
"Some cities with lower housing costs may have higher property tax rates, while homes in major cities may have lower rates. This can help you avoid unexpected financial burdens and plan your next move more effectively. It's a crucial expense that all home buyers should keep in mind."
The report says Ottawa homeowners pay $5,978 in property taxes on a home assessed at $500,000, $8,967 in taxes on a home assessed at $750,000 and $11,956 in property taxes on a home assessed at $1 million.
"Ottawa, known for its relatively affordable cost of living compared to other major Ontario cities, has a higher tax rate of 1.19564 per cent, despite its moderate property price," says the report.
Homeowners in Vancouver pay $1,484 in taxes on a home assessed at $500,000, while home owners with a home assessed at $1 million pay $2,968 in taxes, according to Zoocasa. Toronto homeowners pay $3,567 in taxes on a home assessed at $500,000 and $7,153 on a home assessed at $1 million.
Here is a look at the property taxes charged on homes with an assessed value of $1 million (tax rate in parentheses)
- Greater Vancouver - $2,968 (0.29681 per cent)
- Abbotsford, B.C. - $3,959 (0.39590 per cent)
- Victoria - $4,742 (0.47416 per cent)
- Montreal - $4,977 (0.49770 per cent)
- Calgary - $6,486 (0.64861 per cent)
- Toronto - $7,153 (0.71529 per cent)
- Winnipeg - $9,100 (0.91000 per cent)
- St. John's - $9,100 ((0.91000 per cent)
- Burlington - $9,181 (0.91815 per cent)
- Edmonton - $10,174 (1.01738 per cent)
- Lethbridge - $10,727 (1.07280 per cent)
- Halifax - $11,100 (1.11000 per cent)
- Ottawa - $11,956 (1.19564 per cent)
- Sudbury - $12,572 (1.25720 per cent)
- Waterloo - $12,752 (1.27250 per cent)
- Kitchener - $12,728 (1.27283 per cent)
- Guelph - $13,196 (1.31964 per cent)
- Saskatoon - $13,395 (1.33951 per cent)
- Regina - $13,643 (1.36434 per cent)
- Hamilton - $14,239 (1.42391 per cent)
- Niagara Region - $15,520 (1.55200 per cent)
- London - $15,731 (1.57313 per cent)
- Saint John - $15,800 (1.58000 per cent)
- Sault Ste. Marie - $17,891 (1.78914 per cent)
(Data according to Zoocasa)
CTVNews.ca Top Stories
From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief
Canadians will soon receive a temporary tax break on several items, along with a one-time $250 rebate, Prime Minister Justin Trudeau announced Thursday.
She thought her children just had a cough or fever. A mother shares sons' experience with walking pneumonia
A mother shares with CTVNews.ca her family's health scare as medical experts say cases of the disease and other respiratory illnesses have surged, filling up emergency departments nationwide.
Trump chooses Pam Bondi for attorney general pick after Gaetz withdraws
U.S. president-elect Donald Trump on Thursday named Pam Bondi, the former attorney general of Florida, to be U.S. attorney general just hours after his other choice, Matt Gaetz, withdrew his name from consideration.
A one-of-a-kind Royal Canadian Mint coin sells for more than $1.5M
A rare one-of-a-kind pure gold coin from the Royal Canadian Mint has sold for more than $1.5 million. The 99.99 per cent pure gold coin, named 'The Dance Screen (The Scream Too),' weighs a whopping 10 kilograms and surpassed the previous record for a coin offered at an auction in Canada.
Putin says Russia attacked Ukraine with a new missile that he claims the West can't stop
Russian President Vladimir Putin announced Thursday that Moscow has tested a new intermediate-range missile in a strike on Ukraine, and he warned that it could use the weapon against countries that have allowed Kyiv to use their missiles to strike Russia.
Here's a list of items that will be GST/HST-free over the holidays
Canadians won't have to pay GST on a selection of items this holiday season, the prime minister vowed on Thursday.
Video shows octopus 'hanging on for dear life' during bomb cyclone off B.C. coast
Humans weren’t the only ones who struggled through the bomb cyclone that formed off the B.C. coast this week, bringing intense winds and choppy seas.
Taylor Swift's motorcade spotted along Toronto's Gardiner Expressway
Taylor Swift is officially back in Toronto for round two. The popstar princess's motorcade was seen driving along the Gardiner Expressway on Thursday afternoon, making its way to the downtown core ahead of night four of ‘The Eras Tour’ at the Rogers Centre.
Service Canada holding back 85K passports amid Canada Post mail strike
Approximately 85,000 new passports are being held back by Service Canada, which stopped mailing them out a week before the nationwide Canada Post strike.