The Toronto condo market is experiencing a generational tug-of-war — and surprisingly, it’s the boomers who are coming out on top. While media narratives often focus on millennials struggling to afford homeownership, many forget that older homeowners are downsizing en masse, selling large suburban homes and entering the condo space with deep pockets and zero mortgage stress. This trend is quietly...
GST relief for first-time home buyers on new homes valued up to $1.5 million From: Department of Finance Canada Backgrounder To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST...
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