As predicted, there was a listing rebound after the New Year.
There were 148 new listings today, and 72 sales, for a sell/list of 48.65%. Inventory was 7,448, while over 90s were 2,044 (27.44%)
Yesterday there were 146 new listings and 76 sales, for a sell/list of 52.05%.
Tax assessments are in the news, and fears of tax hikes are prevelant. I heard on CKNW today that municipal tax freedom day is January 15. That’s not too bad, considering we’ll have at least another 6 months after that before we hit general tax freedom day. But, this thought occurred to me: if renters get a bargain in that their accomodation is subsidized (as many have argued) doesn’t that mean that the landlord is paying taxes that the tenant really should pay? And if the tenant isn’t paying those taxes, or at least not his fair share, should he have a say in how they’re spent? Should we move back to a property qualification system for voting? No property, no vote? Or should we consider funding our municipal expenses differently? The renter pays the same as the landlord, based, perhaps, on income, and collected, like provincial income tax, on your T1? Is it fair, or wise, for landlords to subsidize a renter’s tax bill?