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Tag: Canada Budget 2022

Canada

The Canadian Government’s Housing Plan Makes No Sense and “Won’t Happen”: BMO

April 12, 2022

Canada’s latest budget sets ambitious housing supply targets, but it’s mostly hot air. BMO broke down the Federal government’s new supply measures for Capital Markets clients this morning. If possible, the plan in Budget 2022 to double home construction shows they still don’t understand inflation. Or Millennials, come to think of it. Though it doesn’t […]

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Canada

Canada’s Tax On New Home Trading Could Destroy Speculator Margins

April 8, 2022

Canadian real estate investors should pay close attention to a new rule in the budget. The Government of Canada (GoC) 2022 budget proposes to apply a sales tax to assignments for new homes. Hitting assignments with a sales tax will make reseller units much less attractive. If implemented, this can drastically change investor demand for […]

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