CALGARY (660 NEWS) – Calgary landlords demonstrated outside City Hall Monday calling for urgent relief from rising property taxes.
According to the Calgary Residential Rental Association, property taxes have increased 23 per cent over the last year.
Gerry Baxter, Executive Director of the Calgary Residential Rental Association, says property owners are struggling–especially during the COVID-19 pandemic.
“We just need city hall and city council to do the right thing,” said Baxter.
“(The city needs to) provide a phased tax program that provides tax relief so that landlords are not going to be faced with huge property tax increases and our renters are not going to be faced with huge rent increases,” remarked Baxter.
Baxter said if nothing is done, Calgary could see a housing crisis.
He explained a phased tax approach for landlords with a cap at 7.5 per cent would be comparable with other residential properties.
Baxter added there is a lack of leadership from the city and that the time is now for them to step up.