The majority of economists surveyed by the Star forecast that Toronto’s home prices are set to decline by 30 per cent or more from the February peak to spring 2023.
This is a drop many economists would define as a housing crash — as the Bank of Canada continues to push interest rates upward to curb inflation.
And at least another three-quarter percentage point rate hike is coming next week.
If history is any guide, there is a chance prices could drop even more, as the crash takes on a life of its own and investors abandon a tanking market, propelling house prices down longer and further than many expect.
Swift rifles through the pages of her personal life like a scrapbook, giggling at inside jokes and revelling in the creative choices that propelled her to stardom over a decade ago, says Murphy. thestar.com/entertainment/…
Though “Midnights” was officially released at 12 a.m. on Oct. 21, the “3AM” B-side was, you guessed it, released to the hounds just three hours later. thestar.com/entertainment/…
#Breaking: The freeze is part of a swath of new measures announced by the government earlier this year, including a proposed new law to make it harder for certain people to own any firearms at all. torstar.co/QPOn50LhGLz
The law would also increase penalties for certain firearms-related crimes and is currently being studied by a parliamentary committee. thestar.com/politics/feder…
Prime Minister Justin Trudeau and Public Safety Minister Marco Mendicino are expected to speak to the details of the freeze in British Columbia later Friday. thestar.com/politics/feder…
#BREAKING: Doug Ford will override municipal zoning to allow more housing across Ontario, confidential document reveals. thestar.com/politics/provi…
The Progressive Conservatives want to “remove rules that prevent missing middle” housing — multi-dwelling units curbed by local zoning laws favouring single-family homes, the Star has learned.
In legislation to be tabled when the house resumes Tuesday, the Tories will “accelerate planning” in a number of potentially controversial ways. thestar.com/politics/provi…
#Breaking: Ontario to provide parents $200 per child for students struggling with math trib.al/Ya7KPtb
The money is to cover private tutoring or supplies for their children — although parents aren’t expected to submit any proof of how it is spent — and applications are now being accepted online. thestar.com/politics/provi…
Education Minister Stephen Lecce also provided details of the province’s payout to parents, a $365-million fund that will provide $200 per child up to age 18, and $250 for those with special needs up to age 21. thestar.com/politics/provi…