Toronto’s hot housing market is expected to become even more expensive. Actions taken by the government to combat this, such as taxing foreign buyers, have resulted in decreased transactions. Supply is still low, and now housing is expensive to build. Your dollar could go much further in the beautiful Kawartha Lakes on a waterfront property. It’s a great time to head out of the big city and into a serene home. If you’re interested in a waterfront property, let us help you find the perfect one!
Housing in Toronto and Vancouver is very expensive, and it is going to get worse. The respective provincial governments took action to combat the rapid price growth in these metro areas, with the biggest moves being taxes aimed at foreign buyers. The immediate reaction to the taxes were huge declines in transactions in the resale market. Market interventions on the demand-side of the equation are the best solutions short-term, but they may not have a lasting impact on the market unless paired with processes aimed at encouraging supply. Vancouver and Toronto have targeted supply measures to free up homes left...
Toronto’s hot housing market is expected to become even more expensive. Actions taken by the government to combat this, such as taxing foreign buyers, have resulted in decreased transactions. Supply is still low, and now housing is expensive to build. Your dollar could go much further in the beautiful Kawartha Lakes on a waterfront property. It’s a great time to head out of the big city and into a serene home. If you’re interested in a waterfront property, let us help you find the perfect one!