How A City Can Use Tax Policy To Kill Creative Activity

In Toronto’s hot real estate downtown property taxes are set to rocket. A small creative cluster at Trinity Square pays about $4,000 per month in rent for a 1,700-square-foot space. In 2016, the annual tax bill was $3,566. In 2017, it jumps to $6,808, and by 2020, it will be $11,900. The small arts groups that use the space will have to leave. They’ve protested, “but the message here is, ‘No, sorry — we don’t care.’ That really speaks to the issue: What do we want the downtown core to become?”