Industry Update - Gerald Lawrence

Industry Update

Canada’s GST Elimination for First-Time Homebuyers: A Comprehensive Analysis

Main Topics Subtopics Introduction – Overview of Canada’s housing crisis – Government’s response to the crisis Understanding the GST Elimination – Definition of GST – Details of the GST elimination policy Advantages for First-Time Homebuyers – Financial savings – Increased affordability – Encouragement of homeownership Impact on Builders – Reduction in construction costs – […]
Industry Update

Navigating the Fall Market: Opportunities for Homebuyers in Ontario

As autumn approaches, Ontario’s real estate market presents promising opportunities for prospective homebuyers. Recent trends indicate a favorable shift, with property prices having softened slightly compared to last year and overnight interest rates seeing a decrease to 4.25%. Furthermore, experts suggest that rates might continue to decline throughout the rest of the year. Why Now […]
Industry Update, Industry Update

Changes To The Canadian Capital Gains Tax

This summary is for informational purposes only and should not be considered tax or legal advice. Always consult a qualified professional before making financial decisions based on this information. Key Federal Budget Capital Gains Measures Change: Effective June 25, 2024, the capital gains inclusion rate will increase from 50% to 66.67% for trusts and corporations. […]
Bill 97, Helping Homebuyers, Protecting Tenants Act (“HHPA”), 2022

Today, the Government of Ontario introduced new housing legislation – Bill 97, Helping Homebuyers, Protecting Tenants Act (“HHPA”), 2022. The HHPA is the latest in a series of steps the Province is taking to increase the housing supply and help more Ontarians find a home they can afford. Since 2015, TRREB has been a leading voice […]