Toronto council approves new measures to deal with grim financial situation
Chow says refugee claimants could account for half of the city's homeless shelter population by the end of the year, a situation she called "desperate" as she pressed Ottawa for immediate support
Toronto city council approved new revenue tools on Wednesday to address the city's grim financial situation as it faces $1.5 billion in budget pressures.
At a special meeting, councillors passed
measures to increase municipal land transfer tax rates for homes valued
at $3 million or higher and to remove the cap on $5/hour street parking.
The land transfer tax increase for luxury homes is set to take effect
Jan. 1, 2024. ---More...
Read next: Two Grimsby residents fight $75,000 human rights claim filed by town councillor over Facebook page