The City of Toronto will be getting more than 24,000 new homes thanks to a sweeping approval of dozens of developments during the latest City Council meeting.
The four-day-long meeting saw Council give the green light to 24,829 housing units, including 2,060 affordable units and 2,413 purpose-built rental units. The
More Forceful Tightening May Be Needed to Tame Inflation: IMF
Inflation is wreaking havoc on everything from grocery bills to monthly mortgage payments.
Now at 8.1%, Canada’s sky-high inflation rate has become impossible to ignore. So have its potential ramifications. A new blog post from the International Monetary Fund (IMF) highlights the dramatic extent to which inflation is
Canceled listings, turning homes into rentals more common as the housing market cools
TORONTO – When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers. She hired stagers, painted walls, washed the windows, listed the place below market value and advertised all over social media.
But by July, she was pulling
Canada’s Tax Authority Has Been On A Multi-Billion Dollar Real Estate Crackdown
Canada’s Tax Authority Has Been On A Multi-Billion Dollar Real Estate Crackdown
Canadian real estate owners are stuck paying a buttload in penalties after trying to avoid taxes owed. New data from the Canada Revenue Agency (CRA) shows their crackdown on real estate owners/sellers has led to billions in recouped revenue.