Elena Roy
AGENT LICENSE ID 12001012
Ontario Premier Kathleen Wynne is signalling she won't follow British Columbia's lead and slap a tax on foreign buyers of residential real estate in the Toronto area.
Domestic investors now account for 25 per cent of the demand for residential real estate in the Toronto area, according to analyst Ben Myers. (Martin Trainor/CBC)
The Ontario government is moving to double the maximum tax rebate offered to first-time homebuyers while boosting the land-transfer tax on house purchases above $2 million.
Finance Minister Charles Sousa made the announcements in his
Toronto-Dominion Bank is raising rates on mortgages with amortization lengths above the traditional 25 years, a move industry analysts suggest comes in response to tougher government regulations.
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Elena Roy Tel: (613) 697-7801 |
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