List of housing measures proposed by Ontario government

Sousa suggested, during the meeting, that they meet quarterly to discuss how this grave issue of housing market prices can be addressed and what measures were being taken by the government in its meetings with Greater Golden Horseshoe (GGH) and the impact of market speculation on GGH.

The Ontario government is introducing 16 measures to cool the housing market in greater Toronto by making it more expensive for foreigners to purchase homes while also expanding rent controls to all units in the province.

"Because housing market balance varies by location, federal or provincial policy measures aimed at cooling demand in Toronto risk destabilizing housing markets elsewhere", CREA chief economist Gregory Klump said in a statement.

Once legislation passes, it will be effective retroactively to April 21.

The GGH includes the following geographic areas: Brant, Dufferin, Durham, Haldimand, Halton, Hamilton, Kawartha Lakes, Niagara, Northumberland, Peel, Peterborough, Simcoe, Toronto, Waterloo, Wellington and York.

BMO had concerns about rent control, noting that the change could slow the construction of rental units.

A move to identify provincially owned surplus lands that could be used for affordable and rental housing development.in Toronto the areas identified include the West Don Lands and 27 Grosvenor St. and 26 Grenville St.

Home prices in the Toronto area climbed 6.2 percent last month, the biggest one-month gain on record, according to a benchmark price index by the Canadian Real Estate Association, and are up nearly 30 percent over the past 12 months.

French media report 2 police have been shot in Paris
Police have also issued an arrest warrant for a second suspect in the shooting, according to a document obtained by Reuters. He was shot to death after opening fire on a police van. "Police officers were deliberately targeted", Henry-Brandet added.

A rebate would be available for those who later become citizens or permanent residents, as a well as foreign nationals working in Ontario and worldwide students.

Speaking in Ottawa on Wednesday, Wynne indicated there wouldn't be a one-size-fits-all solution for real estate throughout Ontario.

A rebate of development cost charges to encourage building of more rental housing.

I am also pleased that the Canada Revenue Agency will be dedicating resources to support the enforcement of tax compliance within the GGH's real estate sector. Others, however, believe the figure was much higher.

Homebuyers in Ontario, Canada will be required to provide more information about their place of residence and citizenship when acquiring property within the province from 24 April, reported CBC.

"What's worse is young families who are actually trying to get into the queue, into the lineup to buy that first home, are getting crowded out", he said.

Despite the focus on foreign speculators, the government has admitted it doesn't have good data on the real estate market. Rents for apartments built before 1991 in the region are already regulated.

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