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With $7.6 million in unpaid rent and thousands of units in arrears last year, the London area nearly topped a list of Ontario communities where people fell behind, second only to Toronto.
Rental arrears were part of the Canada Mortgage and Housing Corp.’s annual rental report for the first time, and London clocked in with 8,130 units where tenants had fallen behind on rent. That’s about 16 per cent of all units in the London census metropolitan area (CMA), which covers London, St. Thomas, Strathroy and parts of Middlesex and Elgin counties.
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The 3.4 per cent tax hike Londoners will pay next year is a “real conundrum,” Gerry Macartney, head of the London Chamber of Commerce, said.
It’s one of the highest increasesin a decade, second only to the 4.4 per cent tax hike this year.
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“Now is not the time to be cutting services and programs in the age of COVID, I get that,” Macartney said. “On the other hand, from a business perspective, now is not the time for big tax increases. This is a real conundrum.”