What Happens When Government Manipulates and Distorts Real Estate Market

Tuesday Dec 11th, 2018


The crazy rise in house prices across southern Ontario (which should have been taken care of then) in 2016-17 was a big money maker for the government. The Public Accounts show the province earned $2.73 billion in land transfer tax, a 29 per cent jump from 2015. Province was projecting even more land transfer tax 2017-2018, close to $3.14 billion, but due to new regulations RE Market screeched to a halt. As of today Real estate slowdown costs Toronto nearly $100-million, and it could cost... [read more]


Not Intended to Solicit Buyers and Sellers Currently Under The Contract
Let's Chat Email Us