Government Relations 12 July 2022 The City of Toronto Garden Suites By-law is now in full force after the Ontario Land Tribunal (OLT) dismissed an appeal. The Garden Suites By-law and Official Plan Amendment were adopted by Toronto City Council on February 2, but were appealed shortly after. On July 4, 2022, the OLT decided that it did … » Read More about Garden Suites Now Permitted in Toronto After Dismissal of Appeal
Toronto News
Interest rates rise for the first time in 7 years
The Big Five Follow Suit It’s been two weeks since The Bank of Canada raised their interest rate for the first time in seven years, to 0.75%. The increase has been a long time coming, and the Canada’s Big Five [banks] have already followed suit, raising their prime rates and affecting a number of … » Read More about Interest rates rise for the first time in 7 years
Understanding the Ontario 15% Non-Resident Speculation Tax
The New Tax Ever since Vancouver’s real estate market cooled following the introduction of a Foreign Buyer’s Tax, Torontonian’s have been wondering whether a similar tax will be implemented in Toronto. Late April, it was announced that Toronto will indeed be getting their very own Non-Resident Speculation Tax. So, what does this mean, who … » Read More about Understanding the Ontario 15% Non-Resident Speculation Tax
