Housing prices in Toronto went through the roof long before governments started toying with a tax on foreign dwelling buyers. While attractive for politicians, whose first response to any problem is to tax it, this issue has been decades in the making, matching a chronic absence of housing supplying to ever-increasing demand, driving prices […]
Even Toronto’s Top 1 per cent Earners Are Priced Out Of Housing Market, BMO notes
Toronto’s runaway house prices could threaten the city’s economy if even the wealthiest 1 per cent of earners find themselves priced out of the market, as is now happening, the Bank of Montreal is warning. BMO Chief economist Douglas Porter crunched the numbers and found that someone earning $225,000 a year — right at […]
Don Mills home sold for $1.15 million over the listing price in 2017
Fifty years ago, a young couple paid $27,000 for a modest home in Don Mills. That approximately 1,500 square-foot house sold for $2.3 million, more than $1.15 million over the nearly $1.19 million list price on Wednesday. The home on Norden Cres. near Lawrence Ave. East and Don Mills Rd., received 31 offers following […]
Toronto house sold for more than $1 million over listing price in early 2017
A house in Toronto lately sold for more than $1 million over asking price, as the average cost for homes sold in the Greater Toronto Area in December, 2016 skyrocketed by 20 per cent of the members over the previous December, 2015. The split-level dwelling, located along 19 Talwood Dr. in the Lawrence Avenue […]
People Explore Abandoned Buildings All The Time. See What This Guy Found
When you run across a creepy, abandoned building, it’s hard not to take a peek inside. (It may actually be physically impossible.) A few years back, this Reddit user explored a strange abandoned building that was attached to his town hall. He never, in a million years, could have guessed what was inside. This building, […]
