Taxes

GST new rental builds
Real Estate News

Removing GST On Rental Builds ‘No Silver Bullet’ For Affordability: Economists

“While the removal of GST on rental construction projects will improve their financial viability — and with it, hopefully spur more development — it isn’t likely to lower rents in short order,” says one economist.

Money

Important Details Emerge In Feds' Removal Of GST On New Rentals

​The Government of Canada announced they would be eliminating the GST on new rental construction yesterday, but did not publish the fine print until hours later.

Money

“It Will Move The Needle”: The Industry Reacts To Feds Removal Of GST On New Rentals

For years, the real estate development industry has identified GST as a simple change that would go a long way towards helping rental development.

Taxes

What Eliminating GST For Rental Projects Could Do For The Housing Crisis

In the midst of Canada's housing shortage, developers, economists, and politicians alike have called for the federal government to ditch — or substantially reduce — the GST payments required on rental housing as a way to make purpose-built rentals more attractive to builders.

Real Estate News

Amid Calls For Review, MPAC Maintains Assessment Process Is "Transparent And Fair"

The Municipal Property Assessment Corporation says its process is "transparent and fair," amidst calls for an independent review.

Taxes

The Canadian Cities With The Highest And Lowest Property Tax Rates

Residential property taxes depend on a home's assessed value and the city's tax rate, resulting in wildly different costs across Canada.

Real Estate News

REBGV's Andrew Lis On Overhauling The Property Transfer Tax, Dangers Of A Flipping Tax

The Property Transfer Tax has been around in British Columbia since 1987 and was intended to affect a small amount of wealthy homebuyers.

Taxes

BC Gov Expands Speculation and Vacancy Tax to New Areas

On Friday, the Province of BC announced that it was expanding the Speculation and Vacancy Tax (SVT) to Squamish, Lions Bay, Duncan, and more.

Taxes

Here’s Where You Can Find The Lowest Property Tax Rates In The GTA

A new report from Zoocasa examines where property owners face the highest and lowest property tax rates in the GTA.

Taxes

Toronto's Largest Property Tax Debtors Owe The City Nearly $40M

Twenty-six corporately and individually-owned properties in the City of Toronto are in arrears greater than $500K.

Toronto

Toronto May Hike Property Taxes, Cut Services Without Federal Budget Support

Without funding from the federal government, Toronto may remedy its operating budget shortfalls through property tax hikes and service cuts.