The federal government recently announced an enhancement to the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing to encourage the construction of much-needed rental housing stock across the country. If passed, this action will contribute to greater affordability in the rental market, as the removal of GST will apply to new purpose-built rental housing. This includes apartment buildings, student housing, and senior residences built specifically for long-term rental... [read more]

Experts say that interest hikes should be over, especially after the latest update from the Bank of Canada (BoC) by holding the interest rate steady for the third consecutive time, this fell quite in line with economist expectations as there is “no excess demand” in the economy, nevertheless the BoC is prepared to raise the stakes again if such measures are needed.  The Canada inflation rate stalled at 3.1% in November of this year, matching the same results as in October... [read more]