Prime Minister Justin Trudeau’s government said three months ago it planned a foreign buyers tax this year, but has also stoked demand through other means such as support for first-time home buyers. The last major tightening of regulations came in 2018, and pressure may be growing for Trudeau to move again as soon as the spring budget, due in coming weeks.Article content
Options could include a flipper’s tax — paid by people who sell houses quickly after purchase — or changes to mortgage qualification rules, according to Tal.
Not me, I have a home and it’s going up 30% this year too.
city condo owners are starting to see the light and the exodus is starting.
The increase in price is artificial. The real cost of a house is the total principal and interest paid by the end of the loan As rates dropped, the interest portion has gone down allowing to bid a higher price without paying more per month