Some new home owners aren’t getting the park they paid for
Altus Group and the Building Industry and Land Development Association released new findings that say that parkland payments to municipalities can add $20,000 to $30,000 to the cost of a new home.
Find out why Toronto needs non-resident buyers
To get a better grasp on the housing market, we reached out to some industry professionals to get their opinions on a few hot topics. Our first Q&A was with Ben Myers, President of Bullpen Research & Consulting Inc.
Taking another look at increasing property taxes in Toronto
Earlier this year, the Centre for Urban Research and Land Development released a report saying that the City of Toronto could afford to hike residential property taxes by approximately 20% when compared to the median GTHA municipality.
Should there be a new top tier of Municipal Land Transfer Tax?
At the end of last week, a proposal came to light regarding the creation of a new top tier of Municipal Land Transfer Tax in Toronto to fund the City’s Housing Allowance Program.
How the government is planning to improve housing affordability for first-time buyers
Finance Minister Bill Morneau tabled the Government of Canada’s Budget 2019 yesterday, and there was an emphasis on improving housing affordability for first-time buyers.
National home sales fall to lowest level since November 2012
The Canadian Real Estate Association released its monthly national sales figures for February 2019, reporting a drop in activity.
Canadians want bigger first-time buyer tax credit in federal budget: survey
There’s no doubt that housing affordability – or the lack thereof – has been one of the biggest financial challenges facing Canadians in recent years. That’s led to growing pressure on the federal government to take action.
If Toronto property taxes spike should the municipal land transfer tax be eliminated?
Ever since a new report came out about how there’s room to increase Toronto’s residential property taxes, I’ve seen a lot of different opinions surface. Here’s what I think...
Is it time to consider increasing Toronto’s property taxes?
The Centre for Urban Research and Land Development released a new report recently about how much room Toronto residential property taxes have to grow...and you’re not going to like it (if you live in Toronto).
CHBA recommends 5 ways to address housing affordability challenges
At the end of February, the Canadian Home Builders’ Association Day on the Hill took place, where CHBA met with members of parliament and senators to provide potential solutions to the housing affordability challenges Canadians face across the country.
