immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Rent Control: Ontario Government and Toronto Home

rent control: It would have cost you, on average, 688,011 -- an unimaginably high amount to many people just a few years earlier, according to CTV. If you decided to sell that home one year later in March 2017, it would have fetched around 916,567 -- an incredible 228,556 more. Let's say you purchased a typical Toronto home in March 2016. But let's say you had hung onto it for another five months, until after the Ontario government slapped a tax on foreign buyers and expanded rent control. That roller-coaster ride was all too familiar to people in Vancouver. It would have been back down to 732,292. (www.immigrantscanada.com). As reported in the news.