“Development charges increase the cost of homes for everyone. They are a housing tax. During a housing crisis, we don’t think you should raise taxes on housing,” said Housing Minister Sean Fraser of the City of Ottawa’s decision to increase development charges by up to 13% in May.The message, delive...| STOREYS
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| STOREYS
Explore how mortgages work in Canadian real estate, what terms they include, and how buyers qualify, repay, and manage home loans.| Storeys
On Wednesday, Mississauga City Council approved a motion from Mayor Carolyn Parrish to make housing more affordable by temporarily lowering development charges and reducing property taxes for new purpose-built rental housing.The incentives closely follow the release of a report from the Mayor's Hous...| Storeys
