The City of Toronto has responded to the explosion of Airbnb-type short-term rentals in a staff report detailing measures to regulate this emerging sector. The number of Airbnb listings in Toronto grew by a whopping 288 per cent between 2013 and 2016 but these types of online platforms that…
Read more
The cost of living keeps going up, but new Statistics Canada data shows that slow earnings growth means pay raises aren’t keeping up with inflation. The latest Survey of Employment, Payrolls and Hours (SEPH) tells the story of slow earnings growth in Canada. Average weekly Canadian earnings have not changed…
Read more
Canada may have ended 2016 with a surprising spurt in job growth last December, but Ontario was not so lucky. Statistics Canada’s Labour Force Survey ushered in employment numbers for the last month of 2016, showing Canada added 214,000 jobs since December 2015 — much higher than expected. Unfortunately, most…
Read more
In his fall economic update, Ontario’s Minister of Finance Charles Sousa promised relief to homebuyers, but is it enough to cool rising housing costs in hot markets like Toronto? Today’s economic statement changed the existing land transfer tax rates listed below that were set in 1989. The changes include increasing…
Read more
This week the City of Toronto has opened the doors to a public consultation about potential regulations for short-term home sharing ventures. Given that Airbnb is the biggest player in this new and emerging segment of the economy, a lot of the focus is on that company and its impact…
Read more
Ontario employment in May showed stronger gains than Canada. Employment in Ontario increased by 21,600 jobs compared to 14,000 jobs across the country. Ontario gains in construction acted as the main driver. The construction industry added 24,600 jobs last month. The fall in the unemployment rate was mixed news. The…
Read more