The Non-Resident Sales tax took effect across Ontario’s Golden Horse on April 21, 2017. One year later the true effect of the tax on Toronto and the GTA can be better understood. In this video, Joel Adair, Adair Real Estate, looks back to the 2008 American Financial & Subprime mortgage crisis and and identifies the long term effect it's had on Toronto real estate and how it’s still linked to our current market conditions and the Non-Resident Sales tax.
Excellent post!