Dream Home Mortgage

11/08/2022

10/25/2022

Ontario has announced it is raising the non-resident speculation tax on homes purchased by foreign nationals from 20 per cent to 25 per cent, effective Tuesday.

Finance Minister Peter Bethlenfalvy says the move makes *Ontario's tax rate the highest in Canada* and seeks to discourage foreign speculation.

*The Progressive Conservative government previously increased the non-resident speculation tax from 15 per cent to 20 in March,* and expanded it to cover the whole province, instead of just the Greater Golden Horseshoe area of southern Ontario.

Municipal Affairs and Housing Minister Steve Clark is also set to introduce a piece of housing legislation Tuesday, as the government sets out to hit a target of 1.5 million homes being built in 10 years.

Clark says in a statement that *raising the tax is another step toward ending Ontario's housing crisis.*

10/03/2022

https://www.ctvnews.ca/business/canada-headed-for-severe-and-inevitable-recession-in-2023-economist-1.6091129?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

Canada is headed for a 'severe' and 'almost inevitable' recession in early 2023, according to the head of economics at Macquarie Group, which states Canada will face an approximately three per cent contraction in gross domestic product and a five per cent rise in its unemployment rate during the pre...

06/09/2022

https://www.facebook.com/692627385/posts/10160429669872386/

The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.

05/18/2022

https://www.facebook.com/100064910043223/posts/373896648117334/

People are really feeling the pain of inflation lately as prices for food and other everyday items rise, especially in and around big cities like T...

05/18/2022

https://www.facebook.com/100064910043223/posts/374515508055448/

It may have been hard to believe real estate experts when they predicted that the ridiculous Toronto housing market would cool down this year, but ...

05/02/2022

https://www.facebook.com/194553860586548/posts/7576843642357496/