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Campaign targets PRE abuse ahead of anti-flipping tax proposal

The province will raise the rebate, on the education tax on residential and farm property, to 37.5% this year and 50% next year

Toronto real estate

Targeting REITs and other large owners of residential real estate such as life companies and pension plans might disincentivize investment, one expert says

Home for sale with red and white real estate sign during the fall season. Fall season with leaves on ground. Front porch and windows in background. Residential neighborhood. Moving house, relocation concept. Realtor putting up signs.

Rebates remain for new permanent residents

Scarcity of lower-cost housing has emerged as an issue in the province

Canadian Parliament Building at Dusk

The federal government brought in $314 billion in revenue but spent $360 billion from April 1, 2021 through January, 2022.

Close up of businesswoman using calculator while going through financial bills.

Keep these 5 items in mind this season

The Progressive Conservative government tabled its budget on Tuesday

Inflation causing price rising up, overvalued stock or funds, consumer purchasing power reducing concept, air balloon tied with product price tag flying high rising up in the sky.

Fiscal responses to price pressures may hinder post-pandemic consolidation

Concept of real estate, mortgage and lease

The tax is part of the federal government's plan to crack down on rising home prices