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Federal GST Removal on Purpose-Built Rental Units

Federal GST Removal on Purpose-Built Rental Units

Federal GST Removal on Purpose-Built Rental Units The federal government recently announced an enhancement to the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing to encourage the construction of much-needed rental housing stock across the country. If passed, this action will contribute to greater affordability in the rental market, as the […]

Bank of Canada maintains policy rate

Bank of Canada maintains policy rate

Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 6, 2023 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. […]

Key changes to Real Estate & Business Broker Act

Key changes to Real Estate & Business Broker Act

Ontario Government announces key changes to Real Estate & Business Broker Act effective next year New rules aim to increase consumer confidence and protection RECO is pleased to announce that the provincial government is making important changes to the law that governs real estate registrants (agents and brokerages) in Ontario. The changes will strengthen consumer […]