“A cooling effect” Realtors react to Ontario housing plan

Real estate experts are cautiously optimistic about Ontario Premier Kathleen Wynne’s 16-point plan to tame the Greater Toronto Area’s surging real estate market. Some are even breathing a sigh of relief in anticipation of fewer bidding wars and bully offers.

Meanwhile, the expansion of rent controls to include buildings constructed after 1991 has raised concerns that developers will be less inclined to build much-needed inventory.

Read the full article...