|
Post by Admin on Dec 6, 2021 17:11:33 GMT -5
Prices are insane, but there allready is a capital gains tax, so I'm not sure. IMO it's supply and demand, if they free up more land to allow more development so build thousands more houses it would stop the insanity. Also, why not build smaller houses, not tiny houses, say 1000 sq. ft, no mega mansions. www.cbc.ca/news/canada/toronto/toronto-city-councillor-calls-for-speculation-tax-1.6271555As real estate prices soar across Ontario, a Toronto city councillor is about to introduce a motion asking the provincial government to bring in a speculation tax aimed at putting a chill into the red-hot housing market.
Mike Colle, who represents Ward 8, Eglinton–Lawrence, told CBC News he'll make the move when city council meets later this month.
"$1.3 million for a starter home in Toronto. This is insanity," said Colle. "I'm asking the province to look at this as a way of slowing things down and ensuring that reasonable people with reasonable incomes have a chance at a house."
|
|
|
Post by peeves on Dec 7, 2021 10:42:04 GMT -5
Apparently $$$ now out pricing N.Y city.
|
|
|
Post by campy on Dec 14, 2021 12:25:38 GMT -5
I don't get it. You don't have to live in Toronto or New York.
If they are paying high enough wages that you can survive there with all the benefits, then what's the complaint.
Move to somewhere else. There's plenty of cities willing to take you.
|
|
|
Post by Admin on Dec 15, 2021 16:33:35 GMT -5
Not any more Campy, prices are high most places, and don't forget jobs. If you have a decent job in Toronto where are you going to live? Even decent jobs don't pay enough now to buy a home or even rent, it's insane.
|
|