Should a land transfer tax be reduced in Ontario? The recent report by the Toronto Real Estate Board shows the GTA residents believe the next government needs to reduce the existing land transfer tax and provide new measures for increasing the local real estate supply. On...

NDP wants to introduce another housing tax If you have two properties, chances are your expenses may go up by as much as thousands of dollars per year because of a new tax Ontario NDP wants to implement aiming at housing “speculators” in the Golden...

May 2018 – GTA housing market keeps cooling down It looks like potential homebuyers don’t hurry entering the GTA market, as May home sales in this area fell by 22.2% from a year ago, says the Toronto Real Estate Board (TREB). According to TREB, although sales...

Trade war between Canada and the U.S. begins. Who’s leading? The unexpected trade war started between the U.S. and Canada, although it remains unclear who will actually suffer more from it. On Thursday, the U.S. government announced it would eliminate Canada's previous exemption from steel and...

Canada’s economic growth is slowing down because of weaker consumer spending In the first quarter of 2018, the Canadian economy expanded only by 1.3% annually, remaining below economists’ forecasts. According to Statistics Canada, lower investment in the real estate market, weaker consumer spending, and lower exports...