The Toronto Real Estate Board conducted its annual survey, and hidden in the pile of results was how effective a vacant home tax would be at creating inventory for the city.
Due to my background, I’m invited to quite a few privileged conversations. One of those occurred a few months ago, when a Beijing-based money manager sent my office an email, and asked if I could meet him in Toronto for coffee. He was fairly vague, but said he just wanted to have a casual conversation […]
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
Old money cities like London still top the list for the uber rich’s secondary home of choice, but some new cities are popping up on the list.