4 ms·
GTA has more than enough housing supply: https://betterdwelling.com/city/toronto/toronto-has-over-99000-unoccupied-homes-heres-where-they-are-interactive/ http
by quickben 9y ago
GTA has more than enough housing supply:
https://betterdwelling.com/city/toronto/toronto-has-over-99000-unoccupied-homes-heres-where-they-are-interactive/ https://betterdwelling.com/city/toronto/toronto-has-over-990...
The above, and the fact that the YOY is, 30% now? It makes people 'trade' it for profit and not live in it. Hence the last month legal measures to tackle speculation.
Every time people talk about 'tapping the green belt', they are either misinformed or paid to write that.
- msie 9y agoInteresting quote from the article: "I know what you’re thinking, foreign buyers! Well, foreign buyers aren’t usually census respondents so these are most likely domestic residents. AirBnB, pied-à-terre, or short-term renting are all uses I’ve heard from owners of multiple Toronto homes. The most popular reason however, is likely plain ole’ speculation."
- Pxtl 9y agoI wonder if these speculators are paying cap gains or have found some way to stretch the principal residence exemption to cover their rental property.