Mr. Speaker, homeowners in Mississauga and around the country are bracing for massive property tax increases as the federal government continues to shortchange the future of Canada's cities.
The latest estimates show that homeowners will pay thousands more in property taxes over the next decade to rebuild roads, transit, waste management, and other municipal infrastructure that are the essential bodily functions of a growing economy.
In Mississauga the bill will work out to $100 per resident per year, adding over $300 to the average property tax bill. This is the end of the road for Canada's cities. Property taxes will have to rise unless the federal government rises to the occasion and finally commits to funding the infrastructure our economy is built on.