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Canada's largest cities found to have wide divide in fiscal transparency

Research firm C.D. Howe gives high marks to Vancouver, Ottawa, lower ratings to Montreal and Toronto
Montreal, pictured here, was rated the lowest among any major Canadian city for fiscal responsibility, according to a report from the C.D. Howe Institute. (Olivier Gariépy/CoStar)
Montreal, pictured here, was rated the lowest among any major Canadian city for fiscal responsibility, according to a report from the C.D. Howe Institute. (Olivier Gariépy/CoStar)
CoStar Analytics
June 29, 2026 | 12:14 P.M.

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Citizens, investors, developers, and occupiers all have a stake in understanding how their municipal tax dollars are being used. Research firm C.D. Howe’s latest fiscal accountability report highlights a wide gap across major cities in terms of how they present their finances.

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