Search
  • Demitry Omrin

FEDERAL BUDGET & REAL ESTATE MARKET

There was considerable anticipation leading up to yesterdays Federal budget unveiling. Many expected that the Fed's would resort to some invasive measures in light of the red hot real estate market. Aside from a vacant property tax aimed at foreign buyers there was not much else that could be construed as an intervention. However, the overall economy is growing at a faster pace than expected. Therefore, if the Bank of Canada thinks the current economic stimulus is not required to the degree it is in place, we could see a modest upward pitch in interest rates sooner rather than later. #recg #commercialvaluations #boc #federalbudget #realestate



https://financialpost.com/news/economy/trudeau-governments-federal-budget-enters-housing-fray-with-tax-on-foreign-owners



0 views0 comments

Recent Posts

See All

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o