Finance
Under Construction
"Out Of Control": Ontario Needs Immediate Reform Of Taxation And Fee Structures
Poilievre has vowed to eliminate the federal sales tax on new homes sold for under $1 million and Crombie has pledged that she would do away with the provincial land transfer tax for first-time homebuyers. We now need the Conservatives to step up to the plate and do the same.
Jan 14, 2025
Taxes
Toronto Floats 6.9% Residential Property Tax Increase In 2025 Budget
While 6.9% is by no means slight, it follows last year’s increase that was proposed to be 10.5% and was approved at 9.5%.
Economy
How Trump's Tariffs Could Impact Canadian Real Estate
As Trump seems to stick to his guns on the threat to impose a 25% tariff on all imported goods, experts warn of the potential implications to Canadian real estate.
Taxes
What's Going On With Capital Gains Tax? An Expert Explains
CPA Canada VP John Oakey says that while the CRA is moving forward, the new inclusion rate is still not official law. "At the end of the day, it's the taxpayers the decision on what they're going to do, and there's consequences on either side of the fence," he says.
At This GTA Real Estate Company, Next-Gen Leadership Is Changing The Game
The Living Group's legacy is a, well, living, breathing, and evolving thing. Here's how the next generation of leadership is forging a path forward.
Policy
What Happens To Capital Gains Tax Hike As Trudeau Resigns?
First announced in April, the legislation would raise revenue for various housing initiatives by increasing the inclusion rate from 50% to 67%
Policy
BC Gov Expects 4,000 Properties To Be Subject To New Flipping Tax Now In Effect
The Government of British Columbia's new home flipping tax came into effect on January 1, 2025.
Real Estate News
Considering Buying A U.S. Property This Winter? Here's What You Should Know
For those looking to purchase a U.S. property and call America "home" for periods of time, it's wise to look to a trusted financial institution, such as RBC, for guidance.
Real Estate News
These Were Some Of Our Most-Read Stories Of 2024
While there’s importance to be found in every story we publish, there were some that stood out from the rest, striking a chord (and in some cases, a nerve) with our readers.
Finance
Newly Launched Financing Model Makes It Easier To Access Your Home Equity
The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.
Economy
What’s In Store For Interest Rates In 2025, According To Every Big Bank
The policy interest rate of could trend as low as 2% by mid-2025, some economists say.
Finance
STOREYS' Story Of The Year: Interest Rates
No other topic has so consistently kept STOREYS' readers (and authors) as engaged over the last 12 months as interest rate news, updates, and insights.
Cottage Country
What Ontario's Cottage Market Could Look Like In 2025
After a slow 2024 gave way to a busier fall, Ontario cottage country realtors are expecting a hot spring market in 2025 as rates continue to drop and families get fed up waiting to purchase their summer escape.
Mortgages
A Refresher On The Two Mortgage Reforms Kicking In This Weekend
The reforms, which include expanded eligibility for 30-year mortgage amortizations as well as a price cap increase for insured mortgages, are intended to make homeownership more attainable and affordable for Canadians.
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