Toronto’s New Vacant Home Tax
As you may have heard, the City of Toronto is recommending that City Council move forward with the Vacant Home Tax, with a number of important exemptions. The tax is not yet in effect and specific tax details still require approval by City Council. Council is currently focused on approving the design details of […]
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Mortgage Stress Test
Yesterday the Toronto Real Estate Board has asked the government to look at whether the mortgage stress test is still necessary. The stress test was brought out last year to protect buyers from rising interest rates but have impacted the ability for some to qualify for mortgages, especially first time home buyers. Last winter, Toronto […]
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12 Years to Limit Climate Catastrophe
I usually reserve this spot for real estate news but I wanted to talk about the new report by the IPCC (United Nations Intergovernmental Panel on Climate Change) this past Thanksgiving. The report states that we have twelve years left to limit climate change or we risk the fate of our planet. This year alone we saw […]
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Ward 13 Don Valley West City Growth and Intensification Long Term Accommodation Plan
Tonight I attended a talk put on by the TDSB to inform the community about its long-term plans for Ward 13’s growth and intensification. I received the invitation from my friend Shannon Hardy and I’d like to thank her for sending it. Our City Councillor, Jaye Robinson, found out about it from Shannon as well. Our […]
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Looking Forward to the Fall Market
There was a definite lack of inventory this summer as sellers held off, hoping to return to 2017 prices. Trying to time the market is always tricky. “Past experience has shown that markets begin to stabilize after about four to six months following the implementation of major changes to housing policy,” says Derek Burleton, TD’s […]
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