A potential property tax increase is being floated at City Hall as officials determine how to cover a gap in housing funds from the provincial and federal governments.

According to Mayor Olivia Chow, Ontario will be allocating under $8 million to Toronto under the Canada-Ontario Housing Benefit (COHB) next year, a decrease from the nearly $20 million the city received in 2025.

“This means the single most effective tool to free up shelter spaces, to take people off the streets and into homes, are being undermined by other levels of government because they’re not stepping up,” said Chow.

The COHB subsidizes rent, allowing those in shelters to move into rental housing more quickly and free up space in the shelter system.

News of the reduction comes on top of the latest refugee shelter fun

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