2.9% Increase on Residential Property Tax

On Monday, Toronto city council passed an $11.12 billion operating budget, which includes a 2.1% increase in residential property tax. Residents, however, will have to pay an additional 0.5% for the city’s build fund (which supports infrastructure projects) as well as an extra 0.31% towards the enhancement of Toronto’s business climate and reassessment impact, totalling […]

The New Age Of YIMBY-ism

The rise of the ‘YIMBY’ movement is becoming increasingly prominent as more millennials are making their voice heard. In contrast to the well-known NIMBY (Not In My Backyard) movement, which categorizes those who oppose development projects that take place in their neighbourhood, YIMBY (YES In My Backyard) supports those development projects. In the eyes of […]

Toronto Homes Sales Plunge 22%

It was a rough month for Toronto home sales, which saw a 22% downfall to 4,019 units sold in comparison to year prior, which was sitting at a record setting 5,155 sales. The Toronto Real Estate Board (TREB) released data earlier this week, stating this was the weakest month of sales for January since 2009. […]

Bank of Canada Hikes Interest Rates

Last Wednesday, The Bank of Canada raised its benchmark interest rate to 1.25 percent, the third interest rate hike over the past year, and the highest level since the global financial crisis in 2008. According to the official press statement released by Bank of Canada, “the economy is operating roughly at capacity, with inflation being […]

As Temperatures Drop, Shelters Are On The Rise.

Frigid temperatures started off the new year as Toronto got hit with the ‘weather bomb’ that swept through from the east coast and knocked out power to thousands. Temperatures reached negative double digits which sent Toronto scrambling to find emergency shelters for the homeless. As we enter the peak season for shelter occupancy, questions arise […]