Tag: canada
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Over Two Million Non-Permanent Residents Leave Canada by 2026 as Part of Its “Immigration Reset”
As part of its plan to curb population growth, the Canadian government has set a target to reduce the number of non-permanent residents (NPRs) over the next two years. This comes after a massive surge in immigration following the pandemic. Over two million non-permanent residents are expected to leave the country by 2026 as their…
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Federal Government Announces Two-Month GST Holiday to Address Economic “Vibecession”
Canada’s federal government is rolling out a temporary GST holiday to address what Deputy Prime Minister and Minister of Finance Chrystia Freeland has called a “vibecession.” This two-month tax break aims to ease the financial strain on Canadians while boosting consumer confidence. Starting December 14, the goods and services tax (GST) will be removed from…
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Here’s the Income Bracket You Need to Afford a Home in Major Canadian Cities
Canada’s housing market is one of the priciest in the world, leaving many wondering: How much do I need to earn to afford a home in cities like Toronto, Vancouver, or Calgary? The good news? Dropping mortgage rates, higher inventory, and flexible sellers are making homes slightly more accessible. The bad news? Prices in most…
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Luxurious Toronto Bridle Path Mansion Just Listed for $16.5M
If you’ve ever wanted to be Drake’s neighbor, here’s your chance. Nestled in Toronto’s exclusive Bridle Path neighborhood, 15 Tudor Gate is a $16.5M modern masterpiece that epitomizes luxury living. Built by the renowned Rose Park Developments, this stunning home boasts impeccable design, functionality, and breathtaking views of the Canadian Film Institute, making it a…
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Canada’s New Immigration Caps Could Lower Rent and Address Housing Shortages
In a major policy shift, Canada has announced cuts to immigration targets, aiming to ease economic pressures—particularly in the housing market. The government’s revised immigration plan will lower the cap on permanent residents and set limits on temporary residents, a move that is expected to have significant impacts on housing demand, particularly in rental markets.…
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Poilievre Urges Premiers to Drop Sales Taxes on New Homes Under $1M
Conservative Leader Pierre Poilievre has recently called on Canada’s provincial premiers to remove sales taxes on new homes priced under $1 million, following his own commitment to eliminate the federal sales tax on similar properties if he is elected. Poilievre argues that cutting these taxes would significantly lower the cost of homeownership and help address…
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New report finds that the average Canadian family spends more money on taxes than basic necessities.
The latest edition of the Canadian Consumer Tax Index highlights a concerning trend: the tax burden on Canadian families has surged dramatically, with a staggering 2,705% increase in total taxes from 1961 to 2023. This rise is stark when compared to other essential expenditures such as shelter, food, and clothing, which have increased by 2,006%,…
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Bank of Canada Lowers Key Interest Rate to 4.5%
The Bank of Canada announced a cut to its key interest rate this morning, reducing it by a quarter percentage point to 4.5%. This marks the second consecutive rate cut as the central bank responds to easing inflationary pressures and a weakening economic outlook. Bank of Canada Governor Tiff Macklem made the announcement during a…
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Here’s what you can get for $500k in Ontario vs Texas
When it comes to real estate, $500,000 can buy you very different homes depending on where you’re looking. In this guide, we’re comparing what you can get for that budget in Canada and Texas. From a town house in Oshawa to a 3000sqft home with a pool in Houston, we’ll show you how much your…
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Ontario Dominates New Ranking of Best Places to Live in Canada
Ontario continues to be a desirable place to live, as evidenced by a recent ranking where the province had seven locations featured among the top places to live in Canada. Despite some common complaints from residents, Ontario’s charm and livability have been recognized on a national level. Real estate listing site Zolo evaluated various factors…
Canada Housing Market 