Again circling back to the "playboy pad" original topic, it seems to be cheaper to rent a condo in Toronto and cheaper to buy a condo in Montreal. Toronto may be temporarily overbuilt with condos that were used for short-term rentals. There is less need to live near an office for 5 or 6 days a week commutes.
Ontario politicos seem to think the answer to too high prices is to mostly supress demand by the prohibition of short-term rentals and putting the 15% tax on foreigners. These strategies may likely backfire and discourage developers.
Montreal seems to be once again encouraging more supply of condos to be built. Montreal may be opening up to the world again.
On a federal level proposed initiatives like putting capital gains taxes on sale of principal residences and putting a federal tax on foreigners may suppress some demand but will do nothing to increase the supply of both family homes and playboy condos.
If you want something to succeed - tax it less. This applies both to both housing supply and legal cannabis.
Maybe the US should put a special real estate tax on Canadian snowbirds until the ON and BC real estate taxes are repealed. Better still, how about getting back to friendship and free trade again?
NEXT CHAPTER -
1. CONDO "PLAYBOY PADS" WITH A POOL - ROOFTOP vs MID LEVEL vs GROUND LEVEL - Has anybody ever done any porking in the condo or hotel pool or hot tub?
2. Montreal balconies seem to be wider than in Toronto. How can anybody eat breakast, smoke weed, or do some serious lounging on the lounge on a 3 ft balcony on the 36th floor? We are looking to Bbw hunter for some deep insights here.
Ontario politicos seem to think the answer to too high prices is to mostly supress demand by the prohibition of short-term rentals and putting the 15% tax on foreigners. These strategies may likely backfire and discourage developers.
Montreal seems to be once again encouraging more supply of condos to be built. Montreal may be opening up to the world again.
On a federal level proposed initiatives like putting capital gains taxes on sale of principal residences and putting a federal tax on foreigners may suppress some demand but will do nothing to increase the supply of both family homes and playboy condos.
If you want something to succeed - tax it less. This applies both to both housing supply and legal cannabis.
Maybe the US should put a special real estate tax on Canadian snowbirds until the ON and BC real estate taxes are repealed. Better still, how about getting back to friendship and free trade again?
NEXT CHAPTER -
1. CONDO "PLAYBOY PADS" WITH A POOL - ROOFTOP vs MID LEVEL vs GROUND LEVEL - Has anybody ever done any porking in the condo or hotel pool or hot tub?
2. Montreal balconies seem to be wider than in Toronto. How can anybody eat breakast, smoke weed, or do some serious lounging on the lounge on a 3 ft balcony on the 36th floor? We are looking to Bbw hunter for some deep insights here.
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