The Traderszone Network

Published in TZ Latest News 4 November, 2017 by The TZ Newswire Staff

Local RE board denies downturn in Toronto’s housing market

Homes sales in Toronto have fallen about 19 percent compared to last year dovetailing with government policy changes, but the Toronto Real Estate Board is remaining optimistic. The smoking gun on the market’s slump seems to be a 15 percent tax on foreign ownership which the provincial government implemented in April, according to Mansion Global. The new policy may be deterring new buyers especially in the luxury market where home sales of $1.5 million or […]

read more