The problem is a lot of landlords do not pay tax for renting their property out! How can you collect enough tax from them? I recommend charge overseas 10 times more tax as they messed up Canadian economic!
Toronto is easy to get money by charging more property tax from 0.77% up to more than 1%, or up to 1.2%,
like cities around Toronto which is 1.2% to 1.5% property tax so far.