Beware – LRT is going to increase your property taxes
Ottawa Citizen

By Alex Cullen, Ottawa Citizen, March 17, 2017

The Toronto Real Estate Board recently published a report extolling the virtues of GO Transit expansion in the Greater Toronto Area, citing rising property values as proof.

There is a lesson here for Ottawa residents: be careful of what you wish for. The expansion of Ottawa’s Light Rail Transit (LRT) plan will likely lead to increased property values along its corridor, particularly as the city increases development potential (and density) to support its LRT plan.

And increased property values lead directly to increased property taxes for those lucky people living in that corridor, as property assessment is based on property values.

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