Entre les deux derniers recensements (2006 et 2011), la croissance de la population dans l’agglomération montréalaise a été de 5,2%, surpassant largement la moyenne provinciale de 4,7%.
homebuilding
In an effort to make housing more affordable in Greater Vancouver, B.C.’s latest budget exempts newly-built homes worth up to $750,000 from the property transfer tax.
Local land-use regulations inhibit the building of new homes, contributing to price increases.
Housing markets in Canada’s largest cities are once again the subject of national news, this time because of an increase of the minimum down payments for government-backed mortgages.
Ottawa, where red tape is the thickest, should look across the river to Gatineau, which imposes less of a regulatory burden on building.
If it takes too long to get city hall’s approval for housing developments, the supply of new homes may lag behind demand.
A recent study found that 70 per cent of detached homes listed in Vancouver’s West Side went to Mainland Chinese buyers. But is this a problem?
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.
Ontario cities like Brampton and Milton rank better than most of their peers in terms of regulation—and share some of Canada’s largest jumps in population.