Government encourages students to address the problem of affordable housing
Everyone is aware that Canada, especially the Greater Toronto Area is experiencing a huge problem with affordable housing. Property prices have skyrocketed over the past few years and the market is showing no signs of slowing down. In fact, affordable housing is such a big problem today that the Market Manuscript Fall 2017 reports that 33% of millennials are planning on leaving the GTA to find affordable houses elsewhere.
Demand for luxury properties on the rise in the Greater Toronto Area
The luxury real estate market in the GTA seems to be very well poised currently. The demand for luxury homes in the region has never been as high as it is right now. In fact, recent figures show that the luxury real estate market in the Greater Toronto Area has grown tremendously over the last year.
Does the Greater Toronto Area really need vacant home tax? September 28, 2017 Earlier this year, the vacant home tax was rolled out in Vancouver. This special tax is imposed on all homes in the region that have not been occupied for at least six months in a year. Under the new rules, such property […]