Archive | Toronto Politics

18 September 2018 ~ 0 Comments

Buying or Selling soon? This is a must read.

2018 is on pace to go down as the lowest amount of property sale transactions (annual total) since the recession year of 2008. What does this mean? Year-to-date we have had a total of 53,634 sales through the Toronto Real Estate Boards MLS system. If the final 4 months of 2018 match the final 4 […]

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11 January 2018 ~ 0 Comments

What’s in store for Toronto’s Housing market in 2018

Well for starters, it must be said that we are living through interesting times in that with all of the changes brought into play over the past three years to cool the GTA’s hot housing market, changes which many forecasted would knock the sails out of sales (I couldn’t resist), we are still witnessing an […]

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05 January 2018 ~ 0 Comments

Two Big Changes Geared Towards Real Estate

The Ontario government recently passed changes to the Ontario Consumers Act which strengthens consumers with regard to large purchases made. Two of the changes have affect on the real estate industry, and are long overdue and more than welcomed in my opinion. One change is to how “multiple representation” is handled in a real estate […]

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24 April 2017 ~ 0 Comments

Provincial Government Announces Housing Plan Including Non-Resident Speculation Tax

The provincial government has announced a 16 point plan intended to improve housing affordability, including a Non-Resident Speculations Tax, and a commitment to review the Real Estate and Business Brokers Act, 2002.   The provincial plan includes the following actions: Introduction of a 15 per cent Non-Resident Speculation Tax (NRST) on the price of homes in […]

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16 January 2017 ~ 0 Comments

Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

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14 October 2015 ~ 0 Comments

Toronto Traffic Will Hurt Real Estate Values

Toronto’s mayor John Tory recently announced another “blitz” targeted towards illegal parking during rush hour in Toronto’s downtown core. October 5th, my birthday, is the big day of reckoning to solve our traffic woes. Thanks John for the heads-up, wink-wink!! There are so many things wrong with Tory’s Band-Aid approach in which he thinks is […]

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