More spending, more taxes, more building, more government. That was on the agenda as council met to approve Mayor Olivia Chow\u0027s vision.
Holyday was critical of the idea, saying it would hurt the city’s attempt to attract new business and help the downtown core recover from the drop in business due to the pandemic.Holyday said that the real problem is the city continually finding new ways to spend money and doing so at a faster pace than the rate at which new revenue can come in.
“Having that information for this council, that could be helpful in our advocacy efforts as we go to the provincial and the federal government,” Bradford said.Article content Bradford’s proposal to conduct a core services review was attacked by Councillors Shelley Carroll, Alejandra Bravo, Jamaal Myers, Paula Fletcher and Chris Moise and in the end was voted down.
The current rebate threshold sits at $400,000, the same place it has been since 2008, when that was the average price for a detached home in Toronto. Bradford, arguing that first-time buyers deserve a break, proposed increasing the rebate threshold to $750,000, which is roughly the cost of a condo apartment today.Article contentWe apologize, but this video has failed to load.
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