Housing prices have increased 33 percent compared to the previous year in Toronto, and now the provincial government is snapping into action.
"[Ontario] Premier Kathleen Wynne is slapping a 15 per cent 'non-resident speculation' tax on foreign investors to help cool down southern Ontario’s scorching real estate market," reports Robert Benzie.
The 15 percent surcharge on offshore speculators is just one component of what Benzie describes as a "massive plan to improve housing affordability." Other proposals include a "clampdown on domestic housing speculators," improved transparency on the bidding war that have driven up prices, and rent control. The government of Ontario has created a website to explain the Fair Housing Plan in more detail.
In a separate article, Bezie provides more details on the 15 percent surcharge on offshore speculators.
FULL STORY: Wynne to slap 15 per cent tax on foreign real estate speculators
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More media attention for the growing influence of large, institutional investors on the housing market.
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Housing advocates praise the city’s move to eliminate single-family zoning by legalizing triplexes on single-family lots, but that isn’t why housing construction is growing.
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Short-Term Rentals Vex Dallas City Council
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Driver Shortage Undercuts the Potential of L.A.’s Recent Bus System Redesign
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County of Sonoma
City of Malibu
EMC Planning Group Inc.
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Harvard GSD Executive Education
City of Redwood City
City of Rohnert Park
City of Hot Springs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
