Montreal tables $7.28 billion budget for 2025, property taxes increasing by 2.2 per cent
The City of Montreal tabled its $7.28 billion operating budget for 2025 on Wednesday, including a 2.2 per cent average increase for residential property taxes.
The budget is $282.4 million more than in 2024, but the property tax increase is well below 2024 at 4.9 per cent.
Montreal Mayor Valérie Plante’s Projet Montreal administration also released its $24.8 billion 10-year capital expenditure program.
This is Plante’s eighth budget and the last one she will present as mayor after announcing that she would not be seeking re-election next year.
“It is a budget that responds to the urgent priorities that the city must face and that continues to position Montreal as a metropolis of the future, anchored in its time," she said. "I am proud to leave the house in order and to offer the next administration solid programs to continue building an affordable, safe, dynamic metropolis that is adapted to climate challenges."
Here are the increases in residential property taxes by borough:
- Ahuntsic-Cartierville: 2.0 per cent
- Anjou: 2.7 per cent
- Cote-des-Neiges—Notre-Dame-de-Grace : 2.9 per cent
- Lachine: 2.8 per cent
- LaSalle: 1.9 per cent
- Plateau—Mont-Royal: 1.7 per cent
- Sud-Ouest: 2.1 per cent
- Ile-Bizard—Sainte-Genevieve: 3.4 per cent
- Mercier—Hochelaga-Maisonneuve: 3.1 per cent
- Montreal North: 2.7 per cent
- Outremont: 1.9 per cent
- Pierrefonds-Roxboro: 4.1 per cent
- Riviere-des-Prairies—Pointe-aux-Trembles: 2.8 per cent
- Rosemont-La Petite Patrie: 2.0 per cent
- Saint-Laurent: 1.7 per cent
- Saint-Leonard: 2.0 per cent
- Verdun: 2.3 per cent
- Ville-Marie 0.2 per cent
- Villeray—Saint-Michel—Parc-Extension: 2.4 per cent
Plante promises to limit the tax rate hike to the inflation rate, but the opposition Ensemble Montreal says the city missed the mark.
"Contrary to what is promised to them, they're getting an increase of 2.2 per cent, which is not what was promised, which is not what inflation is," said Saint-Laurent borough mayor Alain DeSousa.
Property taxes increased by an average of 1.9 per cent in the non-residential sector, but several boroughs will see much higher hikes. For example, Lachine's rate will rise 9.6 per cent, LaSalle will go up 5.8 per cent and Saint-Laurent will rise 7.7 per cent.
"When we see the hikes in Saint-Laurent, non-residential, it's going to hit hard," said DeSousa. "Clearly we're not happy about that. I don't think the business community will be thrilled to see that."
The city says it also plans to increase its housing department budget by $100 million over the next three years and build thousands of off-market housing units.
The city also plans to add more building inspectors, increase aid to tenants rights organizations and continue to buy up rooming houses that offer low-cost housing.
Montreal's budget includes an additional $3 million for fighting homelessness, bringing the total budget to nearly $10 million.
Plante says the city is also waiving a fee that non-profits and community organizations pay in lieu of property taxes, which she says amounts to $10.5 million in savings per year for 700 organizations.
The city notes that it is limiting new hires in 2025, and as such, the proportion of the 2025 budget to salaries will drop to 38 per cent from 45 in 2016.
With reporting from CTV News journalist Matt Grillo.
With files from The Canadian Press.
CTVNews.ca Top Stories
5 rescued after avalanche triggered north of Whistler, B.C. RCMP say
Emergency crews and heli-skiing staff helped rescue five people who were caught up in a backcountry avalanche north of Whistler, B.C., on Monday morning.
Quebec fugitive killed in Mexican resort town, RCMP say
RCMP are confirming that a fugitive, Mathieu Belanger, wanted by Quebec provincial police has died in Mexico, in what local media are calling a murder.
Bill Clinton hospitalized with a fever but in good spirits, spokesperson says
Former President Bill Clinton was admitted Monday to Georgetown University Medical Center in Washington after developing a fever.
Trump again calls to buy Greenland after eyeing Canada and the Panama Canal
First it was Canada, then the Panama Canal. Now, Donald Trump again wants Greenland. The president-elect is renewing unsuccessful calls he made during his first term for the U.S. to buy Greenland from Denmark, adding to the list of allied countries with which he's picking fights even before taking office.
UN investigative team says Syria's new authorities 'very receptive' to probe of Assad war crimes
The U.N. organization assisting in investigating the most serious crimes in Syria said Monday the country’s new authorities were “very receptive” to its request for cooperation during a just-concluded visit to Damascus, and it is preparing to deploy.
Pioneering Métis human rights advocate Muriel Stanley Venne dies at 87
Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87.
King Charles ends royal warrants for Ben & Jerry's owner Unilever and Cadbury chocolatiers
King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names.
Man faces murder charges in death of woman who was lit on fire in New York City subway
A man is facing murder charges in New York City for allegedly setting a woman on fire inside a subway train and then watching her die after she was engulfed in flames, police said Monday.
Canada regulator sues Rogers for alleged misleading claims about data offering
Canada's antitrust regulator said on Monday it was suing Rogers Communications Inc, for allegedly misleading consumers about offering unlimited data under some phone plans.