Despite significant caps on study permits that have led to decreased enrollment among international students, a new report suggests that demand in Canada–and Ontario in particular–remains strong for student accommodations, with private entities taking the lead on...
Sweet, black gold is flowing again, just as Canada hits peak mortgage renewal season. BMO Capital Markets says the recent Hormuz Strait deal is pulling Government of Canada (GoC) bond yields lower, though fixed-rate borrowers may see little of it. The bank says...
We’ve all seen lease clauses inserted with good intentions that don’t actually hold up under Ontario law. The “no pets” clause. Excessive key deposits. Mandatory professional cleaning requirements. They sound reasonable on paper, but are they enforceable? When...
The Ontario government is opening applications for a new program that is intended to reduce building costs and speed up the construction of new homes. As part of the up to $8.8 billion partnership announced in March, the Development Charge Reduction Program (DCRP)...
Speaking to a friendly crowd Wednesday morning, Cornwall Mayor Justin Towndale took a reflective approach to his address to the Cornwall and Area Chamber of Commerce’s Mayor’s Breakfast. This is our time and it’s important to get that message out there,” Towndale...
Recent government announcements regarding the HST on new homes and the lowering of development charges in Ontario were welcome news to developers and buyers alike. Homeownership has long been the Canadian dream, and now the HST reductions feed into the concept of a...
Cornwall City Council endorsed the Growth Analysis and Land Needs Assessment study, following a presentation from Watson & Associates outlining the long-range plan to guide growth and planning decisions through 2056. Ryan Windle, Director of Development and...
As housing prices fall, mortgage rates rise and the overall cost of living continues to squeeze budgets, Canadians are turning to life insurance to safeguard their biggest asset — and relieve their loved ones of the potential liability. Recent data from PolicyMe, a...
Policy shifts, more stable rates, and a calmer bidding environment over the past three years have helped first-time homebuyers re-emerge as a prominent force in Canada’s housing market. Still, the door to homeownership remains partly closed in some of the country’s...
Last month the Ontario government announced plans to remove the Harmonized Sales Tax (HST) on new homes for one year, touting it as a measure that would “help families realize the dream of homeownership” and spur more home construction. The full tax rebate, which is...