Toronto

3:00AM
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Per capita municipal debt in Ontario ranged from a low of zero in Whitby to a high of $2,634 in York Region.


3:34AM
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If tolls get people off the roads, you don’t need the subsidy to subways, too.


3:15AM
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Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.


3:30AM
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Residential property taxes are growing faster than real per capita income in many communities.


3:30AM
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Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.


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Unfortunately the discussion on housing affordability has been dominated by handwringing over foreign homebuyers and low interest rates.

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Restricting Greater Toronto’s housing supply has consequences beyond the initial impacts on housing affordability.


9:15AM
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Like most taxes, the land-transfer tax does more than transfer money from homebuyers to the government—it stifles economic activity and makes moving less attractive.


4:00AM
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City council recently voted unanimously to support a 20-year plan aimed at reducing poverty in Toronto—a laudable initiative if council avoids enacting policies that may do more harm than good.

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