11/4/2024 | Posted in Government and Regulation by Paul Solomons
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Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
... More 10/8/2024 | Posted in Government and Regulation by Paul Solomons
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The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ... More
9/25/2024 | Posted in Government and Regulation by Paul Solomons
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As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on ... More
9/17/2024 | Posted in Government and Regulation by Paul Solomons
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.”
... More 6/28/2024 | Posted in Government and Regulation by Paul Solomons
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Ontario is holding the annual rent increase guideline for 2025 at 2.5 per cent. This is currently the lowest rate in the country and below the average inflation rate of 3.1 per ... More
6/13/2024 | Posted in Government and Regulation by Paul Solomons
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.
... More 5/30/2024 | Posted in Government and Regulation by Paul Solomons
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The Ontario government has introduced legislation that includes a new 10-day cooling-off period for purchases of new freehold homes.
... More 5/22/2024 | Posted in Government and Regulation by Paul Solomons
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Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds
... More 4/16/2024 | Posted in Government and Regulation by Paul Solomons
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Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks.
... More 4/12/2024 | Posted in Government and Regulation by Paul Solomons
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.
... More 4/11/2024 | Posted in Government and Regulation by Paul Solomons
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More
4/2/2024 | Posted in Government and Regulation by Paul Solomons
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More
3/22/2024 | Posted in Government and Regulation by Paul Solomons
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.
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