Tag: Housing
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Sky-High Development Charges: One of the major reasons why affordable housing in the GTA is becoming extinct! -by Felix Vortsman
In fact in cities like Toronto, development charges alone make up approximately 27% of the cost to build a brand new housing unit. That’s insane!And these fees are paid before even putting a shovel into the ground or buying land to build on or the cost to construct any new housing units!A better question to…
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Posthaste: Five really weird things about Canada’s roaring housing market | Financial Post
Aug 18, 2020 by Pamela Heaven According to BMO senior economist Robert Kavcic, during the pandemic recession, the performance of the housing market has been surprising. Based on the data that was shown last August 17, 2020, Canada’s housing market surged in sales at 26% beating the records in July. “In fact, this has shaped…