The latest Urbanation & Rentals.ca report showed rents in Canada reaching another record high in September, rising at their fastest annual pace in 9 months. However, rent inflation decelerated in Toronto to 2% - the slowest rate in 2 years. rentals.ca/national-rent-…

BREAKING: #Mississauga Mayor Bonnie Crombie 🇨🇦 will use her strong-mayor powers to override council's vote last week that ended with a motion supporting 4-plexes failing to pass. Wording of the override below. She tells me she has spoken with Sean Fraser.

Brilliant. Mayor Bonnie Crombie 🇨🇦 uses the authorities given to her by the Province - known as strong-mayor powers - to overturn Council's failed 4-plex motion (which failed on a tie). This will likely ensure Mississauga qualifies for $120 million of Federal funding for housing,

BOOM!! Federal Government Moves Against Airbnb!! I rarely post on Sunday but this is news The Federal Government will attack Short Term Rental through CRA Toronto Star broke the story this morning I knew the Feds were planning something since Chrystia Freeland focused on it 2/

What will happen in ON on Friday when sellers are allowed to disclose offer details. Here's a copy of the form that will be used. Note, this form limits agents to disclosing details only to other offers. The rules however allow them to disclose to anyone with written direction.

We now have fixed mortgage rates starting with a 4 again in Canada.

Another Great Report: What Kind of Mortgage Amortizations Do We Find At The Big Banks Hanif & team at WOWA.ca produce interesting & timely info Here's a dive into where Mortgage Amortizations are sitting at Canada's Big Banks Definitely worth a follow

You might know that you can carry forward your 2023 FHSA tax deduction to a future year if you believe it will be worth more to you in the future, but you might wonder… how (exactly) do I do that? 👇

CMHC says it’s ending the first-time homebuyer incentive program. The shared equity scheme offered interest free loans up to 10% of the purchase price. The program had horrible adoption and was destined to fail from the start.

You should be able to buy a home if you want and this is how we’re making it easier for you to own a home: ✅30-year mortgages for first time buyers purchasing a new build ✅First Home Savings Account ✅increasing withdrawal from RRSP to $60,000

Can you write off your home office for your business? I see a lot of errors being made here. Just because you do some work at home, it does not necessarily mean you can write off your home workspace. Thread below:

% change in homebuyers since 2015

If you’re planning to sell something or leave Canada before June 25, you need to understand the tax implications of AMT. Generally for tax purposes, when you leave Canada, you’re deemed to sell everything you own (with certain exceptions). So imagine owning shares you bought for

Realizing a large capital gain before June 25 may be tempting, but pre-paying tax now - even at the lower rates - might make you worse-off in the long-run. We modeled this trade-off and made our model available to the public. Link below.

My statement on taxes for non-resident landlords /// Ma déclaration sur les impôts de propriétaires non-résidents

Bank of Canada reduces policy rate by 25 basis points bit.ly/3R9TiYQ #economy #cdnecon

Toronto's housing market has been cooling down since March as inventory levels have surged But sales have outpaced new listings for 4 weeks in a row so inventory levels are suddenly trending ⬇️ Has the market turned a corner or is this a short-term blip?

And if you think BoC Governor Tiff Macklem is finished at 3.5% you're delusional We will see a 3% BoC Rate and most likely 2.75% by late Spring next year I know at this point lots of folks are firing up replies with reasons why the Bank of Canada will not get below 3% 3/

Ontario launches new energy efficiency programs to save you money during home renovations. More details available Jan 28 2025 news.ontario.ca/en/release/100…

Distribution of current Condo Apts for sale in the 416. Lot's in the $500Ks. Median list price: $649K 25th/75th percentile: $549K/$808K Median DOM = 29 days (source: The Habistat via TRREB)