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Toronto Land Transfer Tax Exaggerates Housing Price Decline

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John Pasalis in Toronto Real Estate News


SpecialReport Last month I wrote a post that briefly discussed how the City of Toronto land transfer tax inflated real estate prices during the final quarter of 2007 and how these inflated prices are now exaggerating the current decline in prices. See Toronto Real Estate Prices Down 15% in October.


Last week realosophy.com released a report that reviewed this subject in a little more detail.  You can be first in line to receive these reports by subscribing on our home page at realosophy.com.


Download the complete report here.


 


 


John Pasalis is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy. Email John


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John Pasalis
John Pasalis
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors. A specialist in real estate data analysis, John's research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been shared with the IMF and cited by the Bank of Canada and CMHC. A frequent commentator on the Toronto housing market and real estate consumer and industry issues, John has contributed to the Globe and Mail, CBC, BNN Bloomberg, TVO's The Agenda, Toronto Star and other media, national and international government and industry organizations. John holds a B.Sc. in Economics from the University of Toronto and is a candidate in the Doctorate of Business Administration Program at the University of Toronto and Henley Business School (UK).

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