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Mortgage Broker News | 25 Apr 2017, 12:44 PM Agree 0
The available builder inventory has nearly halved in just one year
  • Omer Quenneville | 25 Apr 2017, 01:58 PM Agree 0
    The same level of thinking that got us into these "unprecedented levels of scarcity" mess is not smart enough to get us out. While I am sure Kathleen Wynne must be sleeping well with all these new revenue tools she just put into place, these very revenue tools will add to the problem, not fix it.
    The double land transfer tax was the first mistake. That throw the breaks on to anyone wanting to trade up to free up some first time buyer homes. This tax made trading up unaffordable. Now Tory wants to increase it. The latest Wynne Tax, the 15% means any foreign investor that owns property in Toronto will now hold instead of sell and seed the next project. If these people can't figure this out, how the heck do they get elected. Are they (the government) the problem or us for electing them. I shake my head in disbelief.
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