Ontario’s Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market. The plan includes: Actions to Address Demand for Housing 1. Introducing legislation that would, if passed, implement a new 15-per-cent Non-Resident Speculation Tax (NRST) …
There has been a lot of posturing lately between the real estate industry and the politicians who “run” Ontario. I am NOT a fan of government intervention and control on the markets, whether stocks or real estate. Once governments begin to delve into control of speed, or supply and demand, it can become a slippery …
With all the news reporting of record prices and all out insanity in the Toronto real estate market, you have to ask yourself, will this rocket ship ever slow down or stop completed. More than likely, this isn’t something you will have to worry about anytime soon. However, today’s markets are acting very similar to …
We discuss what typically happens once the government intervenes in a hot market, and we show you exactly what to do and what to look for if AND when this market cools down.