Per capita municipal debt in Ontario ranged from a low of zero in Whitby to a high of $2,634 in York Region.
If tolls get people off the roads, you don’t need the subsidy to subways, too.
Cities such as Vancouver and Toronto, with longer and less certain approval timelines, tended to see less growth in housing stock.
Residential property taxes are growing faster than real per capita income in many communities.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.
Restricting Greater Toronto’s housing supply has consequences beyond the initial impacts on housing affordability.
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.
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.
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.