Real Estate News

Ontario budget projects larger deficit, billions for infrastructure

Ontario’s Progressive Conservatives are veering off a path to balance with an election budget loaded with billions of dollars in hospital, highway and transit investments. The document, set to serve as the Tory platform during a campaign expected to kick off next week, has the party projecting Ontario will be
Real Estate News

Hiking development charges will only make homes more unaffordable

Builders and developers must overcome myriad planning, zoning, and logistical hurdles as well as rustle through a lot of red tape, rules, and regulations to get residential projects built in Toronto. It all comes with a hefty price, of course. The more time and money a developer spends navigating the
Real Estate News

Canadian Real Estate Has “Amplified Risk” For Lenders, False Income Common: OSFI

Canada’s bank regulator is getting its ducks in a row after a routine audit to assess financial system risk. The Office of the Superintendent of Financial Institutions (OSFI) published its first Annual Risk Outlook last week. The report covers systemic risks to the system, including a home price crash. Amongst the issues
Real Estate News

Will Liberals put a tax on primary residence sales?

One thing that all real estate investors are painfully aware of when they plan on owning a property is the capital gains tax. With the rules currently in place, you must pay capital gains taxes on the profits you make from the sale of a home or other real estate. This
Real Estate News

New report sheds light on lack of housing in London Ontario, for families

Despite many building projects in the city, the London Development Institute (LDI) has issued a new report that says it’s not enough to keep up with the housing demand. Throughout the pandemic, London has seen an influx of people moving to the city from the Greater Toronto Area. The report