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From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
The Bridle Path is a residential neighbourhood in Toronto, Ontario, Canada. It is characterized by large multimillion-dollar mansions and two to four acre (8,000 to 16,000 m 2 ) lot sizes. It makes up part of Bridle Path–Sunnybrook–York Mills .
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The economy of Toronto is the largest contributor to the Canadian economy, at 20% of the national GDP, and an important economic hub of the world. [1] Toronto is a commercial, distribution, financial and industrial centre. It is Canada's banking and stock exchange centre and is the country's primary wholesale and distribution point.
In 2007, the average sale price for a Forest Hill South home was $4,320,000, although renting a place in the neighbourhood was still relatively affordable as of 2011. [5] Like much of Toronto today, that is no longer the case. The density in Forest Hill is fairly low as composed of mainly low-density housing. The housing is predominantly ...
Toronto is an international centre for business and finance. Generally considered the financial and industrial capital of Canada, Toronto has a high concentration of banks and brokerage firms on Bay Street in the Financial District. The Toronto Stock Exchange is the world's seventh-largest stock exchange by market capitalization. [167]
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