Municipal assessment roll 32.4% on the island of Montreal

Montreal, September 14, 2022 — The Quebec Property Owners Association (APQ) wants to react to the 32.4% increase in the Montreal assessment roll for 2023-2024-2025.

According to the City document*, “The value of buildings with 6 or more dwellings, which has grown more significantly than the entire residential sector during the last rolls, has grown by 35.1%, an increase of the same order as the single-family buildings and the plexes.”

Although the Association des Propriétaires du Québec (APQ) expected a significant increase, the APQ must unfortunately add some bad financial news to this announcement: No, it is not only the owners who will suffer this increase!

“An increase in the property roll automatically leads to an increase in the tax bill. As the “current” method of rent increase, which only has an increase in name, does not reflect not the reality and requires that the owners of the housing have an impact on the tax increase. The calculation of the rent increase, the owners have no choice but to increase their rents in 2023 “. According to Martin Messier, president of the APQ.

This significant increase will affect all Montreal rents in 2023.

“We have to wait for the next 2023 budget from the Plante administration to know the exact impact on the 2023 tax bill. Owners who have purchased a building, plex or with several doors in recent years, have paid the price strong, experienced one. -upmanship, subject to the increase in interest rates, and now a new financial difficulty will be in his mailbox in 2023”. to conclude the APQ.

It is doubly important in 2023 that the owners take into account all their major works carried out in 2022. It will be for many years, the year when the rate granted for major works will be the highest!

The Association des Propriétaires du Québec (APQ) will once again hold its APQ rental clinic and help you do your growth calculations.

  • https://portail-m4s.s3.montreal.ca/pdf/presentation_des_roles_devaluation_2023-2024-2025.pdf

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