Why Toronto Is Not Building Rentals

Why don't more apartments get built when markets rents rise? Even without rent controls, there are powerful financial incentives that favour building condominiums (where presales generate returns on investments immediately) over rental apartments (where rental income tickles in slowly over decades). Condos have other advantages -- property taxes [...]

Why Toronto Is Not Building Rentals2020-05-09T12:36:17-04:00

Changes to Ontario Tuition Are Unfair

In 2020, Ontario announced a 10 per cent cut in tuition fees for domestic students, while eliminating many OSAP tuition grants. While most students favour tuition cuts, this article points out that the changed policies most benefit higher-income families who never qualified for grants, while low income families who [...]

Changes to Ontario Tuition Are Unfair2020-05-10T09:25:50-04:00

Planned Rentals Turned to Condos after New Rent Controls

In 2017, the Liberal Government in Ontario decided to expand rent controls beyond apartments built before 1993 to cover all apartment buildings. The housing industry objected, and argued that expanded rent controls would discourage new apartment construction by reducing profitability.  All other things equal, that is a [...]

Planned Rentals Turned to Condos after New Rent Controls2020-05-10T07:28:53-04:00
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