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The Toronto Condo Market This Week (March 18, 2016)

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toronto condo market news piece march 18

Ontario plans legislation that could require affordable housing in condos

The ambitious goal to end homelessness in the next 10 years will soon have a powerful legal tool for city officials.

Closing costs should be included in condo prices, lawyer says

Ministry of Consumer Services to consider unexpected costs as it develops new regulations.

Higher tax on capital gains unlikely to deter property investment

There’s speculation that the federal budget coming Tuesday will include a tax measure that would hit people buying and then selling investment properties in hot housing markets.

Growth to Watch For in 2016: The Jarvis and Church Corridors

With redevelopment on the west side of Downtown having picked up steam earlier, a shortage of redevelop-able space there now means that large-scale projects are now coming en masse to the less dense neighbourhoods along Church and Jarvis on the east side of Downtown.

Immigration will keep Toronto real estate vibrant

Prices will continue to rise in Toronto as long as immigration continues. Canada currently accepts 250,000 permanent residents every year, about a quarter of whom end up in Toronto.