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Publication Date: January 8, 2026 - 12:55

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Toronto’s 2026 budget proposes property tax hike of 2.2 per cent

January 8, 2026

The City of Toronto is proposing several measures to address the high cost of living in its budget for 2026, including a much lower property tax increase compared to previous years and caps on public transit fares.

The city says the operating budget of $18.9 billion would invest in transit, emergency services and social supports.

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