The property tax assessment cycle in Ontario has doubled in length; 2024 marks the eighth year of what was originally a four-year cycle. Much has been made of the impact of this delay on the increased complexity of assessment appeals.
The worst of the CRE downturn appears to be over and, while there are still challenges ahead, a sense of optimism emerged during a RealCapital discussion among senior Blackstone, Oxford Properties, Ontario Teachers', Hazelview, RioCan and RBC Capital Markets executives.
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