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NO extension on Municipal Land Transfer Tax
December 1, 2015 -- The Minister of Municipal Affairs and Housing, Ted McMeekin announced today that the government will not give municipalities outside of Toronto the ability to charge a municipal land transfer tax (MLTT). YOU SAID "NO" AND Read More...
How transportation impacts real estate prices
Being around public transportation wasn’t always a good choice when it came to real estate. After World War II, downtown living was frowned upon and people flocked towards the suburbs in order to find larger and greener land. As a result, real estate Read More...
Real estate values differ widely across the country
October 22-2014 In its monetary policy report today, the central bank said housing activity “has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels Read More...
Toronto's economic health continue to improve
Toronto continues to experience modest GDP growth, at 1.9% in 2013. Also, the Toronto Region set new records for numbers of overseas visitors, hotel room nights sold, and contributed $6.45-billion to the local economy. However, the city needs more revenue Read More...
U.S. slips out of top 10 most prosperous countries, while Canada keeps No. 6 ranking
November 5th, 2012 The U.S. slid from the top 10 most prosperous nations for the first time in a league table which ranked Canada sixth in the world for the second year in a row. The U.S. fell to 12th position from 10th in the Legatum Institute’s Read More...
Did you know that the overnight target rate has now been static for a record 678 days?
Once again, Mark Carney and committee have left Canada’s core interest rate unchanged. Our economy still isn’t firing on all cylinders, says the Bank of Canada. This suggests that mortgage holders can likely expect the 3.00% prime rate to Read More...
Did you know that the average Canadian household is more than $40,000 richer than the average American household? Part 2
[by Michael Adams , special to The Globe & Mail] Part 2: Canadians have traditionally been the cautious, fiscally conservative society, watching American economic dynamism from a safe remove (and subsisting on a small cut of the branch-plant spoils). Read More...
Did you know that the average Canadian household is more than $40,000 richer than the average American household? Part 1
[by Michael Adams , special to The Globe & Mail] Part 1 Currently, the average Canadian household is more than $40,000 richer than the average American household. (According to the latest Environics Analytics WealthScapes data, the average household Read More...
Canadian new motor vehicle sales rose 5.3 per cent to 126,665 units in July, in comparison to June 2009
Results were particularly strong in Ontario, with 47,560 seasonally adjusted sales – up 10 per cent over 43,254 sales in June. The increase was confined entirely to North American-made vehicles. Sales of North American-made vehicles increased 15 Read More...