Criminal activity may be worsening housing affordability in Toronto, Transparency International warns
Transparency International: Toronto Real Estate Money-Laundering May Be Worsening Affordability
TORONTO — Criminals may be taking advantage of lax disclosure rules in the Greater Toronto Area to park billions of dollars in ill-gotten gains in the regional housing market according to a new report.by Transparency International Canada, along with Canadians for Tax Fairness and Publish What You Pay Canada, found that some $28.4 billion worth of residential purchases since 2008 were done through corporate entities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto home’s third offer delivered in time for ChristmasA third party arrived with a viable bid at an unexpected time for this custom four-bedroom residence backing onto Valleyfield Park
Read more »
Create new land transfer tax bracket on home sales over $3-million, Toronto councillors proposeAna Bailao, Brad Bradford and Joe Cressy announced Friday that they will be seeking a staff report into the feasibility of modifying the land transfer tax so that homes selling for more than $3-million are subject to a 3-per-cent levy. The top bracket is now 2.5 per cent on sales over $2-million.
Read more »
Caught on cam: Transit bus crashes into two Toronto-area homesA transit driver in the Toronto-area has been suspended with pay after a bus crashed into a pair of suburban homes.
Read more »
Toronto-born midfielder Richie Laryea comes home, signs deal with TFCThe 24-year-old from Toronto, who was a trialist with TFC during training camp, was taken seventh overall by Orlando City in the 2016 MLS SuperDraft
Read more »
Midfielder Richie Laryea comes home, signs deal with Toronto FC - Sportsnet.caToronto FC has signed Canadian midfielder Richie Laryea.
Read more »
City approves request from Sherman family to demolish Toronto homeThe family had submitted an application to city authorities last month saying the two-storey mansion where Barry and Honey Sherman were killed had bad memories and a stigma attached to it
Read more »
Shared equity mortgages, like those in federal budget, no cure-all for housing affordability woesHaider-Moranis Bulletin: While SEMs could help housing supply if combined with other initiatives, they are likely to do little to address supply in expensive markets
Read more »
U.K. Prime Minister Theresa May’s cabinet moves to oust her over Brexit chaos: reportGroup of top ministers said to be moving to replace May with interim prime minister
Read more »
Theresa May’s allies fend off reports of a plot to oust her amid Brexit angstThe country braces as the PM’s deal for Britain to leave the EU faces rejection for a third time in parliament
Read more »