Tag: Ontario Real Estate Prices

Think Foreign Buyer Taxes Don’t Work? Look At Windsor & Toronto Real Estate: BMO

April 1, 2022

Ontario’s non-resident speculation tax (NRST) is expanding in size and location. The NRST was a 15% tax on the purchase of residential real estate in the Golden Horseshoe (Greater Toronto). As of March 30, 2022, it’s now 20% and applies to the whole province. Low revenues might have some believing it hasn’t been very effective, […]

Canada

Canadian Real Estate Is About To Blow Past The Late 80s Bubble: BMO

March 15, 2022

Canada’s late 1980s real estate bubble was so big it resulted in a correction lasting over a decade. That might have been small in contrast to where the current one is heading. BMO senior economist Robert Kavcic says affordability is currently stretched with low rates. As rates go through normalization, the bubble is expected to […]