Toronto real estate’s chilling ’70s solution

And the 2020s ask to bring it back

CBC Toronto @CBCToronto

"$1.3 million for a starter home in Toronto. This is insanity," said Toronto Coun. Mike Colle, who represents Ward 8, Eglinton-Lawrence.

bit.lyA Toronto politician says the housing market is ‘insane.’ He wants a speculation tax | CBC NewsAs real estate prices soar across Ontario, a Toronto city councillor is poised to introduce a motion asking the province to bring in a speculation tax that will chill the red-hot housing market.

A speculation tax on homes was introduced in Ontario in 1974. Realtors said it crashed the market overnight, and it was repealed four years later. But now Toronto city councillor Mike Colle thinks it can help with cooling. The province appointed a new task force on housing affordability. But municipal restrictions are also limiting supply.

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What’s the story, Mr. Tory?

Steve Paikin @spaikin

Everyone’s waiting for @JohnTory to announce his intentions. Will he or won't he seek a third term? tvo.org/article/everyo… #TOpoli

tvo.orgEveryone’s waiting for John Tory to announce his intentions | TVO.orgThe Toronto mayor has told friends he’ll decide by year’s end whether to seek a third term. Here’s my prediction.

There’s no indication that John Tory will stick to his original promise to serve just two terms as mayor—but Steve Paikin ponders the possibility of Tory not registering for re-election. There are plenty of issues in the air before then, like whether robots should be curbed from sidewalks and bike paths.

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Drake withdrew his Grammy nominations on the day voters got their ballots. Certified Lover Boy and its single “Way 2 Sexy” were only nominated in rap categories—whereas prior Drake studio albums were shortlisted in general ones. Nonetheless, it’s considered a blow to the Recording Academy in the wake of Weeknd withdrawal.

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Justin Bieber ended up playing that show in Saudi Arabia. Prince Mohammed bin Salman basked in glory at the Grand Prix events in the Red Sea city of Jeddah, where his Timbits salesman pal headlined the concert, despite high-profile pleas to cancel. Hailey Bieber joined her hubby on the trip with a “go baby” exclamation on Instagram.

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Finally, the next Trump Toronto

Rumble appears to be rumbling its way into U.S. stock market curiosity amid speculation of making a deal for content by a celebrity user banned from most other places. Donald Trump’s dealings with the Toronto company have been the stuff of speculation, and the company CEO confirmed partnership talk:

Rumble @rumblevideo

Rumble's CEO @chrispavlovski and @FoxBusiness's @MorningsMaria discuss Rumble's relative size vs YouTube, the companies mission to restore the free and open internet, and its plans to go public

rumble.comMaria Bartiromo Discusses Rumble’s Relative Size vs YouTube and its Plans to Go PublicMaria Batiromo on Mornings with Maria on Tuesday December 7th discusses Rumble’s reasons for wanting to go public through CFVI