Take a Look at This - Globe editorial: How to pop Toronto's housing bubble, without blowing up the economy



But when British Columbia brought in a foreign buyers' tax last year, the impact was large and immediate. Vancouver housing prices, by far the country's most out-of-whack, stopped rising and actually reversed course. It's far from certain exactly how ...


Take a Look at This - Ottawa seeks high-level meeting to discuss Toronto's soaring house prices

Finance Minister Bill Morneau, above, wrote to Toronto Mayor John Tory and provincial Finance Minister Charles Sousa saying: “I am concerned that dramatic house price increases (in Toronto) will have long-term implications for housing affordability and ...




Comments

Post a Comment

Popular posts from this blog

Gordon Clark: New real estate taxes only created new problems

Image
But recent reports show that whatever effect it had has almost disappeared, with Statistics Canada reporting this week that Vancouver prices are rising again, and the Canadian Real Estate Association saying that prices are back above where they were in ... http://rock.ly/vat2e Vancouver House For Sale In Bitcoin A Sign Of Suspicious Activity The asking price? A measly-sounding 2,099 bitcoin. But that's not chump change - it's C$4.85 million at current exchange rates, pricey even by Vancouver standards. The house is described as “new” in the ad and looks unlived-in in the pictures provided.
Read more

Take a Look at This - Home buyers and tenants leaving BC's Lower Mainland for Powell River

Image
As soaring real estate prices expand up B.C.'s south coast, Powell River has become a refuge for residents of Greater Vancouver who want to make home ownership a reality. The community of about 13,000, located two ferry rides from the Lower Mainland, ... Take a Look at This - Trudeau government looks to provinces to cool red-hot housing markets in Toronto, Vancouver OTTAWA - Canada's federal government lobbed the problem of Toronto's hot housing market back to Ontario after its new budget did nothing to rein in real estate speculators, boosting expectations a foreign buyers tax may soon be imposed in Canada's ... http://rock.ly/z08vc
Read more

Take a Look at This - Editorial: Housing needs bold ideas

Image
Today's editorial is about housing. The nature of the problem is well-known. Average house prices in Vancouver are the highest in Canada. Victoria ranks third. It used to take young Canadians an average of five years to save enough for a 20 per cent ... http://rock.ly/uc2eh Take a Look at This - Metro Vancouver home buyers, tenants moving to outlying areas to live David Repa, who moved from Vancouver last year, sits for a photograph at his home in Powell River, B.C., on Thursday March 16, 2017.
Read more