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Councillor calls for ‘speculation tax’ in Toronto to cool ‘insane’ house prices MIKE ADLER madler@insidetoronto.com Toronto needs a “land speculation tax” on some foreign home buyers, says a North York councillor whose ward has seen some of the city’s biggest price jumps. In Willowdale, costs for detached homes, “have gone completely insane, and it’s fueled very much by money which is coming from other countries,” John Filion said this week.
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Jim Karygiannis, a Scarborough councillor calling for a tax on foreign buyers, said a poll he commissioned l a s t m o n t h s h ow s m o s t Torontonians agree with the idea. Filion, whose ward includes Yonge Street between Highway 401 and Finch Avenue, said a tax is a good idea, but only for foreign investors “who just buy up properties and flip them.” If the buyer is moving to Toronto and will live in the >>>ONE, page 10
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FERTILITY PROBLEMS and reproduction issues aren’t limited to the human population. Read our feature to discover how Toronto Zoo staff like Heather Kalka (above with Juno the polar bear cub) are helping animals conceive and how their baby-making efforts are furthering species’ conservation. See it on page 8.
Canada Goose employees were busily unpacking boxes while workers inside Arc’teryx put the finishing touches on cupcakes as Toronto’s fashion crowd gathered for runway shows marking Yorkdale Shopping Centre’s east expansion preview Monday, Oct. 17. The $331-million, 300,000-square-foot expansion
officially began its opening the next day, with all 30 stores to be fully operational by Friday, Oct. 21. The 112,000-square-foot corridor is lined with a mix of retailers from Canadian to Japanese to European to American, each appealing to a wide range of shoppers inside the Dufferin Street and Hwy. 401 mall. Retailers calling the new east expansion home include >>>NORDSTROM, page 18
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