Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Toronto considering taxing vacant homes in bid to cool red-hot housing market
According to CBC News,
Toronto Mayor John Tory is asking city staff to investigate the impact of taxing homes that sit vacant as a way of making more homes available and cooling the city’s red-hot real estate market — an idea the provincial finance minister seems open to as well.
The detail is here.
Is Toronto’s housing market in a bubble? Not quite, analyst says
According to CTV News,
Despite a recent declaration by Bank of Montreal Chief Economist Douglas Porter that Toronto’s red-hot housing market is indeed in a “bubble,” other economists have been hesitant to use the controversial label to describe the city’s current real estate boom.
The detail is here.
‘Never buy new’: Real estate expert warns of pitfalls of buying unbuilt condos
According to CBC News,
A $3-million class action by Ottawa condo owners is a cautionary tale about what can go wrong when buying a new condo.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
