Comment 28508

By arienc (registered) | Posted February 07, 2009 at 12:22:28

A Smith...

A $300K home in Hamilton is a four-bedroom, 2500 square-footer with 50' frontage, and municipal services and infrastructure built to support same.

A $300K home in Toronto is a one-bedroom, 700 sq ft. condo. Much much lower cost of servicing than a Hamilton home on large lot.

Which makes for a very poor comparison. A home in Toronto receiving the same level of municipal services as the Hamilton $300K home would be valued at $600K, and would not have substantially lower tax rates than the same home in Hamilton.

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