03/16/2026
Hey Ontario self-storage investors, are municipal taxes and fees eating into your returns more than you think? With MPAC shifting from the traditional Cost Approach to an Income Approach for assessments, some owners could face property tax hikes up to 40% if not handled right. Add in 2026 tax increases—like 1.10% for commercial properties—special charges (think BIA levies or utility transfers), Land Transfer Taxes (0.5-2% provincially, plus extra in Toronto), and HST on rentals, and it's clear these can seriously impact your NOI and cap rates.
The Canadian Self Storage Association is pushing back, but staying ahead means understanding your local municipal rules and zoning nuances. Smart modeling of these costs upfront is key to protecting your yields.
For exclusive Ontario self-storage property matches or to connect, reach out to Duke Lekic at [email protected] or visit www.invsty.ca. Visit to learn more.