Tax roll shows sharp drop downtown
The city has launched its tax roll for 2026‑2028, which shows a sharp drop in evaluations downtown.
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DeWolf 11:44 on 2025-09-10 Permalink
A sharp drop for office buildings specifically, and not just downtown but almost everywhere. But a rise in value for other commercial properties and residential.
GC 14:02 on 2025-09-10 Permalink
Yeah, if it’s all about feeling unsafe downtown, then whey are office buildings in Anjou dropping in value?
The fact that residential values are growing slower in Ville-Marie, versus other places, might be a side effect of that feeling…but it’s difficult to reach that conclusion from just this data. Ferrada is smart enough to know this, I’m sure, so it’s vexing that she’s banging that drum.
Nicholas 14:23 on 2025-09-10 Permalink
This is the same story around the world: more people working from home, less need for office space, more need for residential (and no drop in industrial, because you need to be in person). Two small companies I know well were bursting at the seams as their slow and steady hiring filled their offices. In February 2020 one signed a five year lease on a larger place, and one was about to, but didn’t. The company that didn’t is still happy in their space, because it’s rare everyone is in the office at once, and they can manage it, while the other wasn’t and has just downsized. And neither business is downtown. This is true downtown and in the suburbs and everywhere in between. It’s not that safety isn’t a problem, but come on.