Tag: Housing

Bank of Canada Worried by Mounting Household Debt

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With mortgage rates expected to be renewed at higher levels in the coming years, the Bank of Canada is worried that many households that are overly burdened by debt may not be able to absorb the financial shock. The issue of growing household debt loads was a recurring theme in…

Canadians Support Surtax On $1M+ Homes

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A survey conducted by the Canadian non-profit, Generation Squeeze, and Research Co., found that the majority of Canadians are in support of a surtax being imposed on homes that are valued at over $1 million. 68% of Canadians were found to be in support of a modest surtax being paid…
housing

Rising Property Prices Not Due To Lack Of Supply

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Canada’s housing crisis is not just local to Canada but felt around the world. Shelter and housing are a human right yet high house prices and affordability is at an all-time low. High prices can be partially attributed to shortage of supply, but that’s not the only reason and building…

Capital Gains Tax Talk Stirs Controversy

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The federal government has confirmed that they will not be introducing a capital gains tax on primary residences. Minister of Families, Children and Social Development, Ahmed Hussen, has confirmed that a home equity tax is not under consideration by the current government and never has been. He reiterated that such…