Skip to main content

Toronto Land Transfer Tax Exaggerates Housing Price Decline

John Pasalis in Toronto Real Estate News


SpecialReport Last month I wrote a post that briefly discussed how the City of Toronto land transfer tax inflated real estate prices during the final quarter of 2007 and how these inflated prices are now exaggerating the current decline in prices. See Toronto Real Estate Prices Down 15% in October.


Last week realosophy.com released a report that reviewed this subject in a little more detail.  You can be first in line to receive these reports by subscribing on our home page at realosophy.com.


Download the complete report here.


 


 


John Pasalis is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy. Email John


Subscribe to the Move Smartly blog by email

Published: November 11, 2008
John Pasalis
John Pasalis - John Pasalis is the founder and President of Move Smartly, a Toronto real estate brokerage that helps buyers, sellers and investors navigate the Greater Toronto Area housing market. A frequent commentator on Toronto real estate, John has contributed to the Globe and Mail, BNN Bloomberg and the Wall Street Journal, and his work has been cited by the Bank of Canada, the IMF and CMHC.

Get the Stories Behind The Sold Signs—Delivered Right to Your Inbox.