Toronto Star, Saturday, May 19, 2012
There’s really only one way to make Toronto housing affordable for everyone — including young families. But the City can’t do it alone; the provincial government will need to help out.
Step one: the Ontario government would need to instruct the Municipal Property Assessment Corp.(MPAC) to ignore buildings and assess only the land under buildings.
Step two: Toronto would then apply the municipal tax to the lot values alone, also ignoring buildings.