An executive committee at city hall heard over 50 deputations from people wanting a say in how short-term rentals like Airbnb are regulated in Toronto. Amanda Ferguson with the city’s recommendations and the possible ramifications.
The numbers are in — Toronto home sales are down 44 per cent for the first two weeks of June, according to the Toronto Real Estate Board. And the news gets worse in the 905, where sales have dropped 54 per cent year over year.
The province’s new ‘fair housing plan’ and the consequent cool down of the Toronto housing market has left many in a tough spot. Adrian Ghobrial with one home buyer caught between paying for an expensive new home while unable to sell his old one.