TORONTO “Brutal: this house is listed on Toronto MLS for $1.3 million,” writes Amy Wood alongside a crumbling, frowning gingerbread house. The joke was made in a tweet published Thursday and has since been shared and liked thousands of times with a number of replies joining in on the fun. “The agent told me I should buy now that it’s going to go up to $1.5 million next year,” writes one user in response. “I’m renting a jellybean,” writes another. The humorous take on Toronto’s bullish housing market pokes fun at a number of properties across the city that have recently sold for six-figures and up, despite some of their less-than-optimal qualities.
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TRREB Calls For Evidence-Based Decision On Toronto Vacant Home Tax
TORONTO, Dec. 10, 2020 (GLOBE NEWSWIRE) The City of Toronto’s Executive Committee is considering moving forward with a new tax on vacant homes, and the Toronto Regional Real Estate Board (TRREB) is asking City Councillors to ensure that their decision is data driven and results-based.
“TRREB believes that all housing policy decisions, including whether or not to impose a tax on vacant homes in Toronto, should be evidence-based. As such, it is important to have a clear understanding of the intended purpose and policy objective of a municipal tax on vacant homes in Toronto. Given the current state of the Toronto rental market, the purpose of such a tax is not immediately clear at this time,” said Lisa Patel, TRREB President.