Foreign Buyers Are Pulling Back from GTA Real Estate: Here’s What We’re Reading

The Daily 5 is Sharp’s essential reading list for what’s happening in the world today. Make sure to follow us on Twitter or subscribe to the Sharp Insider newsletter to stay up to date.

Here’s what we’re reading today.

1. Foreign buyers retreat from Ontario market in wake of new tax

“Data released by the provincial government on Thursday morning show foreign investment began to fall in a large area around Greater Toronto known as the Greater Golden Horseshoe after a 15-per-cent foreign-buyers tax was introduced in April. The tax was part of a number of new rules designed to cool the region’s housing market.”

The Globe and Mail

2. Trump says he now backs plan to protect ‘Dreamers’

“President Trump confirmed on Thursday morning that he supports legislation that would protect young undocumented immigrants from deportation and would deliver a “massive” increase in border security — but not with a wall on the southern border.

“Mr. Trump’s comments, both in Washington and in Florida, affirmed the broad parameters of an agreement that Democratic leaders unilaterally announced Wednesday night after dinner with the president at the White House.”

New York Times

+1: Paul Ryan dismisses potential DACA deal between Trump and Democrats – Washington Post

3. The political awakening of Silicon Valley

“What happens when tech leaders, like Y Combinator’s Sam Altman, believe our system is broken? They treat it like a startup.”

California Sunday

4. The impossible race against heat

“The world is on track to add 700 million new [Air Conditioners] by 2030, and 1.6 billion by 2050, largely in hot, developing countries like India and Indonesia. But the AC boom threatens to worsen the crisis it’s responding to, and widen the divide between those who can afford to stay cool and those left out in the heat.”

The Verge

5. The Rise of the Recliner as a Male Social Space

“The gendering of spaces changed the way people could relax in their homes”

Scientific American