Woman who wheeled a corpse into bank to co-sign a loan arrested

This takes mortgage fraud to a whole other level
globalnews.ca/news/10430854/…

Daniel Foch The wealthiest 20% of Canadian households own 81% of the net worth of all real estate that’s not a primary residence.

The distribution of wealth held in principal residences is also polarized, though less so. 🇨🇦's wealthiest 20% own 57% of the net worth of principal residences.

Do any tax experts know if the capital gains change will apply to RE transactions that firmed up after June 25 or with a closing date after June 25th?

I would think the former, but the announcement sounds like it's the latter which would impact properties that have already sold

Two of the headings in the federal budget (out of hundreds):

'Aligning Immigration With Housing Capacity'

'Stabilizing International Student Intake to Alleviate Housing Pressures'

Such a big change in rhetoric from Ottawa, compared to a year ago.

As of June 25, the inclusion rate on capital gains realized annually above $250K by individuals - and on all capital gains realized by corporations and trusts - will rise from 1/2 to 2/3

This will impact anyone who sells an investment property
theglobeandmail.com/politics/artic…

% change in homebuyers since 2015

Non-profit group aims to save Kensington Market by buying buildings and leasing them out at affordable rates
thestar.com/business/non-p…

Overall, this plan has a lot of very good policies

There are no immediate fixes to Canada's housing crisis, but this plan is definitely a good and serious step in the right direction