Every order of government has a role to play in building more homes and making housing more affordable for Canadians. Provinces and territories oversee the frameworks guiding land use, planning, and their targets for increasing the number of new homes. Municipalities implement policies in a manner best suited to their communities. To help double our …
Increasing our housing supply will help make housing more affordable, but it isn’t the only solution. There is concern that foreign investment, property flipping and speculation, and illegal activity are driving up the cost of housing in Canada Budget 2022 proposes new measures that will ban foreign investment in residential real estate, crack down on …
Buying a home is often the most significant financial decision that someone will make in their life. However, some real estate practices are putting even more pressure on home buyers and leaving them questioning whether or not they paid too much for their home. Moving Forward on a Home Buyers’ Bill of Rights Unfair practices …
The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be …
While outside of the GTA, Hamilton is an ideally located city centred in the middle of the Golden Horseshoe—an economically significant area that stretches from Niagara Falls to Durham Region. Hamilton is a mere 45 minutes from Toronto, The U.S. border, and the tri-city area of Kitchener-Waterloo and Cambridge. Situated on the banks of Lake …
As the fourth-largest city in the GTA, Markham has become one of the region’s most popular places to live. It’s an incredibly diverse and multicultural city with a large East Asian and South Asian population. Markham is also home to Pacific Mall, the largest Asian indoor market in North America! With three GO Transit stations, …
With ample greenspace, beautiful natural landscapes, a magnificent waterfront, and a bustling downtown core, Mississauga is a great alternative to the metropolitan City of Toronto—and with more affordable real estate options. It’s also home to Toronto Pearson International Airport, which is responsible for much of Mississauga’s growth, as more businesses and commuters have chosen to …
Situated on the northwestern shores of Lake Ontario, Toronto is the anchor of the Golden Horseshoe—an urban stretch that includes Niagara Falls, Waterloo, Guelph, Hamilton, and Durham Region. The Golden Horseshoe is Canada’s most industrialized region, encompassing an area of 7 million people. And the City of Toronto is at the heart of this prosperous …
Source: https://budget.gc.ca/2022/report-rapport/tm-mf-en.html#a2 Tax-Free First Home Savings Account Budget 2022 proposes to create the Tax-Free First Home Savings Account (FHSA), a new registered account to help individuals save for their first home. Contributions to an FHSA would be deductible and income earned in an FHSA would not be subject to tax. Qualifying withdrawals from an FHSA made …
Source: https://budget.gc.ca/2022/report-rapport/tm-mf-en.html#a2_5 Property flipping involves purchasing real estate with the intention of reselling the property in a short period of time to realize a profit. Profits from flipping properties are fully taxable as business income, meaning they are not eligible for the 50-per-cent capital gains inclusion rate or the Principal Residence Exemption. The Government is …