Trending This Week: Fair Housing Review, #TorontoStrong Vigil, International House-sitters

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Toronto

Ontario real estate tax curbs foreign buyers (Toronto Star)

The number of sales involving a foreign entity has steadily declined since the province introduced its non-resident speculation tax.

Survey Reveals Strong Support For Fair Housing Plan — Even If It’s Not Working (Toronto Storeys)

A full calendar year has passed since the Ontario Fair Housing Plan hit the market, including the province’s very own foreign buyer tax (the Non-Resident Speculation Tax, or NRST).

#TorontoStrong Vigil Planned For Sunday Evening At Mel Lastman Square (Toronto Storeys)

The City of Toronto will host a #TorontoStrong Vigil to honour and support all those who have been affected by Monday’s horrific tragedy at Yonge St. and Finch Ave.

Canada

B.C.’s condo-flipping crackdown law targets tax evasion to keep down prices (Business News Network)

British Columbia’s government wants to crack down on tax evasion in the condominium market and give municipalities more control over rental housing as it looks for ways to ease a housing crunch.

Canadian families choosing ‘small living’ over suburban sprawl amid rising housing prices (Global News)

Skyrocketing real estate and rental markets across much of the country have some families choosing small spaces over suburban sprawl — and finding unexpected benefits.

From broom closet to detached home: What millennials can afford across Canada (Global News)

Millennials are finally thinking about settling down and buying a home. But many are running up against the new mortgage rules that kicked in January 1.

USA

Miami Luxury Home Sales Jump in March (World Property Journal)

According to new data from the Miami Association of Realtors, Miami luxury single-family home sales posted double-digit gains. This as median prices for all properties continued to rise in March 2018.

Lil’ Kim’s New Jersey Mansion Up for Auction With a Starting Bid of $100 (Realtor)

Rap royalty Lil’ Kim is finally out from underneath the mansion in Alpine, NJ, that’s provided her with years of trouble, litigation, and drama.

These are the 5 worst housing markets for millennials (CNBC)

Millennials are on the move. They are reinvigorating urban centers, as tech companies spread their wings beyond Silicon Valley to more affordable markets, bringing young workers with them.

International

How To Live Abroad For Free: International House-Sitting (Forbes)

Ripley describes house-sitting as “basically just borrowing the homeowners’ lifestyle for a period of time.” Essentially, it means taking care of someone else’s property — often their pets — in exchange for a stay.

Making Your Vacation Home Your Full-Time Home (Mansion Global)

An intrepid minority of professionals are finding ways to relocate to locales traditionally viewed as vacation destinations.

Airbnb launches an ‘Office of Healthy Tourism’ in renewed PR push (INMAN)

The online short-term rental platform is launching an office to tackle tourism overcrowding around the world

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