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TORONTO 鈥?The average selling price of all homes in the Greater Toronto Area skyrocketed las
gourde stanley t month, climbing 33.2 per cent from a year ago to $916,567. The latest data from the Toronto Real Estate Board comes as policy-mak
stanley botella ers mull potential measures to slow the rapid pace of price growth. Here are some of the factors believed to be playing a role in the upwards trajectory of house prices in Canada largest city:Immigration: The arrival of newcomers to the city is a frequently cited reason for rising prices. Roughly 120,000 people immigrated from outside of Canada into Ontario from July 1, 2015, to June 30, 2016, according to Statistics Canada, with a sizable portion of them landing in the Toronto area. Toronto is a magnet for both other Canadians and for people from other countries, and it the economic engine of the entire country, says Dianne Usher, senior vice-president at Johnston and Daniel, a division of Royal LePage.Lack of supply: One of the culp
stanley taza rits often fingered for soaring prices in the Greater Toronto Area is the lack of developable land. In 2005, the Ontario government introduced the Places to Grow Act, a piece of legislation aimed at protecting the Greenbelt and curbing urban sprawl. However, the legislation is often also blamed for escalating real estate prices, as some argue there isn ;t enough land to build homes. ARTICLE CONTINUES BELOW Usher says the two land transfer ta Xxvi Quebec reports 33 deaths, 1,029 new COVID cases
The City of Toronto and the Ontario government are in a tussle ... again. The fight is seemingly perpetual and it boils down to one big question: who gets to call the shots This time, its about COVID-19 control measures to slow the spread of the virus in the second wave. As caseloads surged in the fall across the GTA, Dr. E
water bottle stanley ileen De Villa, Torontos medical officer of health, called on the Ontario government to return Toronto to Stage 2 鈥?closing indoor dining, bars, gyms and movie theatres. The Ontario government did eventually take that advice a full week later, but not before Premier Doug Ford publicly doubted Toronto Public Healths data and another 1,739 infections were recorded across Ontario.This case is another instance of municipal-provincial tensions turned into public spats. In recent years, both sides have clashed over road tolls in 2017 under former Premier Kathleen Wynne and infamously, the slashing of city council mid-provincial election in 2018 under Premier Ford that tur
stanley quencher ned into a full-blown legal battle. ARTICLE CONTINUES BELOW Each time, Toronto has been on the losing end with the province seemingly bigfooting the city on how it is run and what the province wants. Jennifer Pagliaro, city hall reporter for the Toronto Star, talks to Adrian Cheung about the push-and-pull relationship between City Hall and Queens Park, the powers Toronto actually has in controlling its fate and the case for chart
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