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Alberta & Prairies  + Finance  | 
The City of Calgary has lightened the property tax load for business owners.

Calgary Reduces Commercial-Residential Property Tax Ratio

The City of Calgary has lightened the property tax load for business owners.

City council voted to transfer 1% of the tax burden to residential property owners from non-residential site owners.

“This council is ready to keep going to make sure that the proportional share is done properly,” Mayor Jyoti Gondek told reporters. “We are one of the worst cities in this country in terms of charging businesses almost five times more than we charge homeowners.”

Deborah Yedlin, president and CEO of the Calgary Chamber of Commerce, said in a statement that the shift is “progress” but still leaves Calgary vulnerable to losing businesses to other Canadian jurisdictions. Yedlin reiterated her organization’s call for a 2% shift.

Taking the 1% ratio change into account, Calgary commercial property owners have also received a lower tax increase than homeowners for 2024. The non-residential property tax will rise 3.5%, while homeowners will pay 7.8% more.

Photo: JHVEPhoto / Shutterstock.com

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Inside The Story

City of CalgaryDeborah Yedlin

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Financing
  • ◦Policy/Gov't
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