A new report is blaming David Miller for that sinking feeling in Toronto Real Estate.

A Toronto Real Estate Study by the C.D. Howe Institute concludes that Miller's Tax is responsible for a 16 per cent drop in sales and a 1.5 per cent drop in city house prices conmpared to the suburbs.

The PDF Cd Howe Study is here Click

The Toronto Globe and Mail article is here.

What to do?  The City of Toronto should repeal the tax immediately and offer incentives to first time home buyers. The Ontario Government should reduce their Land Transfer Tax as well to show good faith to the thousands of home owners to stimulate the Toronto Real Estate Market.

Toronto Condos and Homes for sale would benefit and this in turn helps the City and the economy.