Category: Uncategorized
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Ontario’s New Rules Threaten City Planning Stability
Ontario cities fear new provincial rules allowing individual development applications could undermine long-term urban planning. The provincial planning statement mandates cities to evaluate ad hoc applications, increasing administrative costs and appeals.
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Ontario: Two CRA Benefits Coming for Residents
In Mid-Q4 2024, Ontario residents will receive the Canada Child Benefit (CCB) and Ontario Trillium Benefit (OTB).The CCB provides monthly support for families with children under 18 to cover essential expenses.
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305-unit residential development proposed for vacant land in Mississauga
U.S. mortgage credit availability increased by 0.7% in October 2024, reaching an index level of 99.2, according to the Mortgage Credit Availability Index (MCAI) report. The Conventional MCAI rose by 1.0%, while the Government MCAI saw a 0.4% increase. The Jumbo MCAI grew by 1.2%, and the Conforming MCAI increased by 0.9%. Despite these gains,…
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Average GTA Home Prices Climb 2.6% in Mid-Q4
GTA home sales surged 40.1% in November 2024, signaling a housing market recovery. New listings rose 6.6% annually, but slower growth led to tighter market conditions and price increases.
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GTA Pre-Construction Investment Trends
Master-planned communities, combining residential units with commercial spaces and parks, attract diverse residents and investors. Infrastructure improvements and affordability in Scarborough and North York position them as key growth markets.
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BoC Cuts Policy Rate by 50 Basis Points to 3.25%
Bank of Canada reduces policy rate by 50 basis points to 3.25%, marking the second consecutive half-point cut.Economists predict further cuts, with rates potentially reaching 2–2.25% by mid-2025, aiming for target inflation.The next interest rate decision is scheduled for Wednesday, January 29, 2025.
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12-storey apartment buildings approved despite community opposition in Mississauga
Two 12-storey apartment buildings with affordable housing units have been approved in Mississauga, despite community opposition. Located at 4094 Tomken Rd. and 924 Rathburn Rd. E., the project will include 250 units, with 30% as affordable rentals. Residents were concerned about the height and shadows, but city officials highlighted the project's green standards and the…
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Rents drop in Mississauga and across Canada
Rents in Mississauga and across Canada decreased last month, with the average price for a one-bedroom apartment in Mississauga at $2,308, down 1.5% from September. Two-bedroom units also saw a decline, now averaging $2,740. Despite these drops, Mississauga remains the fourth most expensive city for rentals. Nationally, average rents fell by 1.2% year-over-year, marking the…
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Ontario Property Reassessment Paused
Property reassessment in Ontario remains on hold, maintaining 2016 market values for the 2025 tax year. The fall economic statement reveals upcoming flexibility for municipalities regarding student housing tax subclasses.
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Discover Ontario’s Tax-Free Savings for First Homes!
Begin by saving for a down payment, using programs designed to ease first-time buyer costs. Access up to $60,000 from your RRSP through the Home Buyers' Plan, repayable over 15 years.