Get ready for another tax hit, Alberta. The NDP have increased corporate taxes, implemented the outrageous carbon tax and now they’re increasing property taxes in the form of the education property tax, which is paid by homeowners and funds 32% of educational costs.
But Rachel Notley and Danielle Larivee insist that it’s not a tax – it’s merely due to increases in home assessments. Calgarians will see a 10.2% increase, while Edmontonians will see a 8.7% increase. In Calgary, this means about a $170 jump and in Edmonton, a $109 dollar jump based on average home prices.
The Calgary Real Estate Board has predicted benchmark prices for homes will decrease by 3.44% this year, while home sales have dropped off 26.4% in the city and sales are down by 2.2%. Overall there is less demand and homes will sell for less in Calgary. Forecast price comparisons show just how dire the housing situation is in Calgary compared to previous years. Royal LePage also says that this year Calgary will have the weakest real estate market among all major cities in Canada, while home prices will continue to increase in the rest of the country.
Another thing about this is that it’s not the NDP collecting the tax, it’s municipalities – so they have to deal with the backlash from citizens rather than the provincial government.
Every time the government increases taxes they use one excuse – “Alberta still has the lowest taxes in Canada” as if there’s still room for citizens to be taxed even further until we hit that ceiling. And with all of this spending like they’ve gotten a hold of their parent’s credit card, they will no longer be able to use this as an excuse.