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A Foreign Homebuyer Tax is Just One Option for Tackling Toronto’s Rising Home Prices

Councillor Jim Karygiannis thinks a foreign buyer tax could be a solution to Toronto's rising housing prices.

Councillor Jim Karygiannis (Ward 39, Scarborough-Agincourt) has reiterated his support for taxing foreign homebuyers on properties they buy in the GTA. Karygiannis said Thursday he is sending a letter to Ontario Premier Kathleen Wynne asking her to implement a five per cent foreign buyers tax.

In August 2016, British Columbia imposed a tax on foreign nationals buying homes in Metro Vancouver—easily the hottest real estate market in the country, with sky-high housing prices. Since then, the city’s real estate sales have fallen.

Meanwhile, housing in Toronto is only getting more expensive. According to the Toronto Real Estate Board, the average price of a home in the GTA is now more than $730,000—a 20 per cent increase compared to December 2015.

Keep reading: A Foreign Homebuyer Tax is Just One Option for Tackling Toronto’s Rising Home Prices

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Celebrating Jamie Bradburn’s Ten Years With Torontoist

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Ten years ago today, Torontoist was proud to publish Jamie Bradburn’s first article with the publication. Since then, he has contributed 933 articles, been nominated for numerous awards, and earned recognition at the National Magazine Awards and Heritage Toronto Awards.

While Jamie is particularly well-known for his contributions to the award-winning weekly feature Historicist, his writing goes beyond that. He has contributed articles about architecture and design, politics, theatre, and more. For 10 years—a lifetime in online journalism—he has been a key member of our team, and has helped shape the Torontoist you know and love.

Here’s to Jamie for all his great work over the past 10 years. Feel free to show your appreciation in the comments.

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How Toronto’s Papers Covered Trudeau’s Cabinet Shuffle and Meryl Streep’s Speech

The Toronto Sun is livid about Streep's Golden Globes remarks, and it shows.

In Front Page Challenge, Torontoist analyzes the best and worst of Toronto’s major dailies.

Front Page Challenge

With the inauguration of U.S. president-elect Donald Trump less than two weeks away, Canada is bracing for change that could be realer than Justin Trudeau’s vaunted “Real Change” promise that swept him into office. While the Prime Minister is rolling out some advance changes to his cabinet to brace for this new reality, at least two of Toronto’s five daily newspapers are still in a lather over Meryl Streep’s anti-Trump speech at the Golden Globes on Sunday. This week, the Front Page Challenge is anyone’s game.

Keep reading: How Toronto’s Papers Covered Trudeau’s Cabinet Shuffle and Meryl Streep’s Speech

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How Toronto’s Papers Covered the Istanbul Nightclub Shooting and the World Juniors

It's a new year for the battle of the Toronto dailies, and the competitors are coming out swinging.

In Front Page Challenge, Torontoist analyzes the best and worst of Toronto’s major dailies.

Front Page Challenge

It’s a new year and a clean slate for all five of Toronto’s daily papers competing for the glory of winning the 2017 Front Page Challenge tournament. The competitors will have to dethrone the current champion, Metro Toronto, whose team was justifiably proud of their achievement in 2016 and is looking forward to defending their title. The game… is on.

Keep reading: How Toronto’s Papers Covered the Istanbul Nightclub Shooting and the World Juniors

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The Top 10 Toronto Sun Covers of 2016

Whether you think they're the best or worst, these are the top-10 on-brand Toronto Sun covers of 2016.

Since Torontoist‘s Front Page Challenge column started in the fall of last year, the Toronto Sun has always been in the thick of the race for first place on our weekly standings chart. They’ve won many times based on their patented formula of tabloid umbrage, the making mountains out of molehills and generally zigging while the other papers zagged. A late surge from Metro Toronto cost the Toronto Sun the coveted 2016 Front Page Challenge Trophy in the end, but our jury wanted to recognize some of the special front pages The Little Paper That Grew™ gave the taxpayers of Toronto. 2016 was also marked by the passing of their frequent front page subject, the man they loved (and occasionally loved to hate), former mayor Rob Ford.

Here, then, is our jury’s list of the Top 10 Toronto Sun Covers of 2016.

Keep reading: The Top 10 Toronto Sun Covers of 2016