TRREB calls on election candidates to make housing affordability a priority - CanadianInvestor CanadiansInvest
TORONTO – With municipal elections being held on October 24, 2022, the Toronto Regional Real Estate Board has launched a campaign to ensure that candidates for municipal office understand the importance of making housing affordability a priority.
“REALTORS® have their ears to the ground. We talk to home buyers, sellers, and renters every day, and we know that housing affordability is top of mind. Many feel like they just don’t have any or the right housing options, and they know that municipal councils can change that with policies that will bring more housing supply to the market. A recent poll conducted by Ipsos demonstrates this,” said Crigger.
66 per cent of Torontonians are concerned that potential increases to the Municipal Land Transfer Tax on properties priced over $2 million could mean fewer homes for sale across all price-points if it discourages “move-up” buyers; 83 per cent of Torontonians and 87 per cent of “905” residents believe that governments should remain focused on providing financial incentives such as rebates on renovations that improve a home’s energy efficiency;
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