Ontario Government Introduces Action Plan to Calm Toronto's Real Estate Market

Friday Apr 21st, 2017


The Ontario government introduced plans this morning in attempt to cool Ontario's rising real estate and rental market, in the attempt to make the housing market "fairer and more affordable." The measures are in response to the price of the average home in the Greater Toronto Area increasing 33% with the last year, as well as the exposure of landlords surprising tenants with exceptionally large rent increases.   The measures include:  A 15%... [read more]