Metro Vancouver Stats since the introduction of the foreign buyers tax:
Detached sales down 46% yoy, price down 5% since tax introduced
Attached sales down 25% yoy, price up 1.3% since tax introduced
Apartment sales down 18% yoy, price up 5% since tax introduced
Sales & listings - Mar Comparison
Mar 2015 - 4060 sales - 5968 listings
Mar 2016 - 5173 sales - 6278 listings
Mar 2017 - 3579 sales - 4762 listings
Sales & listings - Feb Comparison
Feb 2015 - 3061 sales - 5425 listings
Feb 2016 - 4172 sales - 5812 listings
Feb 2017 - 2425 sales - 3666 listings
Seems fairly significant, that a tax on less than 10% of the market would have such an effect on sales and listings.
Source for stats: Monthly Statistical Reports | Real Estate Board of Greater Vancouver
Sounds great to me! More sympathetic to tenants than landlords - and landlords have been doing pretty well.Landlords who evict tenants for their own use will have to offer compensation, proposed legislation says | Toronto Star
god damn. I'm not a landlord but these rules are pretty nuts.
If it wouldn't be too hot to live there for old codgers pretty soon, I'd be tempted!What you get in Houston, a city slightly larger than Toronto, for just over 400k
Here's the listing:
Property Detail on Robert Searcy 832-279-5332 direct: 7911 Santa Elena, Houston TX 77061
This is precisely it. It's only because they live in stratified society that their views are being publicized.Out of curiosity, I looked into this development some more. 321 Davenport Condos
Look at the picture of the proposed 8 storey condo building, and the map at the bottom of the website page. If you lived on Admiral Road, and that 8 storey condo was going to be your new backyard neighbour, you'd likely be pissed off too.
My neighbourhood would be up in arms if this was going to be built in place of existing houses.
People are scoffing because Margaret Atwood and Galen Weston are rich, so who gives a f*ck about their concerns because f*ck them.