Data, Facts and Boring Stuff There’s no doubt that we are in the midst of a shifting real estate market in Toronto. Here’s what’s been happening: Mid-April: As news of the impending government changes began to leak in early April, Toronto Buyers, already fatigued from months of bidding wars, began to slow their property searches. Sellers, increasingly nervous about how a foreign tax might affect prices hastened to list their homes for sale. According... [read more]

Toronto is considering introducing a unique tax targeting foreign property buyers in an effort to tackle real estate speculation and enhance housing affordability. The proposed "municipal non-resident speculation tax" is suggested to commence at 10% of a home's purchase price, affecting both foreign individuals and corporations starting from January 1, 2025. City officials argue that this tax is crucial to safeguard Toronto's housing supply, discouraging non-Canadians,... [read more]