Property Transfer Tax Increased in Toronto | Vancouver vs. Toronto Property Transfer Tax Comparison | Matt Gul
Posted on Jan 04, 2024
Luxury home buyers in Toronto will now face a substantial increase in municipal land transfer taxes, with rates escalating based on property values.
Effective Monday, the tax hike primarily impacts properties exceeding C$3 million (US$2.2 million), potentially causing a temporary slowdown in the city's luxury real estate market. This move, approved...
Canada's Foreign Buyers Ban: A Misstep in Housing Affordability?
Posted on Dec 28, 2023
In 2022, the Canadian government introduced a significant policy aimed at addressing the nation's housing affordability crisis: the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This two-year ban was designed to limit the ability of non-citizens and foreign-controlled companies to invest in Canadian real estate, with the...
Canadian Inflation Rate Summary | Matt Gul & Selin Gul
Posted on Dec 08, 2023
Canadian Inflation Rate Summary for October 2023
Updated: November 21, 2023
Next Update: December 19, 2023
Current Canada Inflation Rate | October 2023 | 3.1%
The Consumer Price Index for Canada is 158.6 for the month of October 2023. The inflation rate year over year is 3.1% (compared to 3.8% for the previous month). Inflation from September 2023 to O...
