Toronto Condo Development Fees increase AGAIN
Development fees for a one-bedroom condo in Toronto increased from $37,081 in August 2023, to $44,774 in May 2024, to $52,676 in June 2024
Increased DCs aren’t going to help with affordability…
Actions speak louder than words
Damn, just one Mitchell assist away from back to back big parlay wins!
A shorter slate tomorrow, but still plenty for my algorithm to run through.
Maybe even some early Super Bowl picks…
🫡 See you guys then.
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Employment fell by 17K (consensus +21K)
But...
All of the decline in employment came within the 15-24 category and employment within the prime working age (25-54) group actually saw the strongest increase in employment since January.
1/ The First Home Savings Account (FHSA) is now open for use, but it's just another home saving vehicle like the TFSA and RRSP with a few more perks. My issue with yet another account?
3/ It helps those with family money, those receiving gifts, and first time buyers who have access excess and have already maxed out their TSFA and have more than $35k in their RRSP to withdraw.
@areacode416 Agreed. Exact is not the right word. I think it’s better to have all the data in one system than relying on realtors to obtain it their own way.
All stems from the developers abiding by the rules of calculating square footage. A flaw not easy to address.