Canada creating a Real Estate Task Force to ensure tax-compliance
According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets.
The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
Condos and casinos nixed for Ontario Place redevelopment
Earlier this year, you had an opportunity to share your ideas for the Ontario Place redevelopment. Now, the provincial government is seeking proposals and concepts from around the world.
Homebuyers stepping off the sidelines as market confidence grows
I was reviewing the recent new home market figures released by Altus Group and the Building Industry and Land Development Association, and I believe the Greater Toronto Area is almost on the right track.
Taking a closer look at Inclusionary Zoning policy in Toronto
On May 28, 2019, the Inclusionary Zoning Official Plan Policy Directions will be considered by the Planning and Housing Committee, then pending the results, it will go to City Council on June 18.
Toronto real estate is resilient in a turbulent time
With Toronto Council at odds with the province about the Housing Supply Action Plan, and talk of some serious money laundering through Toronto real estate, I wouldn’t blame you for being concerned.
How should Canada tackle money laundering in the housing market?
Canada is an attractive place to buy a home because it’s an amazing place to live, but there are other, more sinister reasons to buy real estate in Canada, and British Columbia is cracking down.
Toronto council not on board with the Housing Supply Action Plan
When the Housing Supply Action Plan was announced, members of the new home industry praised the Bill, but it looks like Toronto City Council has many concerns.
It looks like the foreign buyers tax is working
It recently came to my attention that the province of Ontario had not published any new data on foreign buyers in the residential market since Doug Ford was elected. It wasn’t sitting well with people, and the government responded quickly.
Some new home owners aren’t getting the park they paid for
Altus Group and the Building Industry and Land Development Association released new findings that say that parkland payments to municipalities can add $20,000 to $30,000 to the cost of a new home.
