PURCHASED – 81 Delwood Dr
2019 will be about bidding wars. Monetary policy is easing. The cost of money will drop unless there is a global economic or environmental disaster. Money will stay cheap to protect stock markets. Government regulation such as the 2% stress test will be reduced or removed to protect provincial and municipal tax collection. Ontario policy makers have been criticized in the past for relying on land transfer tax revenues as though they are guaranteed revenue streams. Toronto real estate sales dropped over 20% in 2018. I’m interested to see how the government will frame the argument for removing the 2% stress test – will the government suggest the removal of the 2% stress test is for the benefit of the consumer or will they be transparent and tell us that they simply can’t afford to pay for the programs they promised during the past election?