Comments on: Foreign Buyers or Domestic Greed? Over 121,000 Toronto Homeowners Own Multiple Homes In The City

By: Hyder

Hyder — Thu, 12 Apr 2018 17:55:02 +0000

Can you share a link or reference to the study? I can’t seem to find a Ministry / MPAC study anywhere online.

By: Foreign Ownership of Toronto and Vancouver Condos Is Larger Than You Think | Better Dwelling

Thu, 21 Dec 2017 13:11:25 +0000

[…] More than 1 in 10 recently completed condos in Toronto are held by non-residents. Non-residents, for those that don’t know, are people that declare their primary home in another country. Isolating condo apartments constructed between 2016 and 2017, we find that non-residents own 11.32% in the Toronto Census Metropolitan Area (CMA). In the City of Toronto, that rate of non-resident ownership is just a teensy bit higher at 11.65%. Remember, these are just the non-residents that kept the assignment through completion. It also excludes any resident speculators, which are by no means scarce. […]

By: Personal Loans Against Canadian Real Estate Hits A Record Rate of Growth | Better Dwelling

Tue, 12 Dec 2017 14:54:32 +0000

[…] we have no idea what they did with the money. These can be anything from renovation financing, to buying second homes, or even possibly using home equity to buy bitcoin – no one’s quite sure. At the end of […]

By: No, Montreal Real Estate Is Not The Next Vancouver Or Toronto. Here’s Why – Today's News

Sun, 24 Sep 2017 17:07:02 +0000

[…] this fear hits, domestic speculators will start driving prices – attracting global speculators. This is when it turns from a healthy […]

By: Toronto’s Fast Moving Prices Spread To Surrounding Suburban Real Estate | Better Dwelling

Tue, 02 May 2017 11:03:15 +0000

[…] expressed concerns that real estate prices in the province are moving unsustainably. The increase in speculative purchases, and an increase in subprime borrowing is reaching a boiling point. It’ll be interesting to see […]

By: A closer look at Ontario's 16-point fair housing plan

A closer look at Ontario's 16-point fair housing plan — Mon, 01 May 2017 18:51:42 +0000

[…] While the non-resident tax got all the headlines, this point probably has the potential to have the biggest impact. It’s not an easy number to define but recent census data put the number of vacant homes in the Toronto Census Metropolitan Area (which reaches as far north as Lake Simcoe) at 99,236 or 4.4% of the total number of private dwellings in the area. It must be noted that this number may actually be higher because it is only based on completed census forms. In addition to this, recent data released by the Ministry of Finance showed that over 121,100 people own two or more properties in the GTA. […]

By: Neo

Neo — Sat, 22 Apr 2017 11:26:24 +0000

Dan Duran, condos are toast now with the new provincial plans on housing affordability.