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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.
A senior, who had worked his entire life, calls a food bank in Montreal. He tells staff he is embarrassed and only needs a few basics—milk, bread, something to get him through the week. Shortly after, a mother arrives, explaining that she has started eating less so her children can eat more. A student juggling two part-time jobs comes in near closing time, apologizing for the trouble. The rent increase was higher than expected, and after covering transit and utilities, nothing is left.
Such encounters now account for the growing share of those showing up at food banks in record-breaking...
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