The people have spoken: Doug Ford’s Ontario PC Party has won enough seats to form a majority government. Now comes the actual governing part. Each of parties’ platforms were laid out, some in more detail than others, during the campaign and the key planks were hammered out in debates and at doors across the province. Now that voters have awarded them leadership at Queen’s Park, here is what the winning party [전체 읽기]
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Toronto, Vancouver home sales slump as buyers and sellers wait on sidelines | The Globe and Mail
Sales have tumbled in Canada’s two most expensive housing markets as buyers and sellers sit on the sidelines waiting to see whether each region is heading toward stability or continuing volatility. Residential sales volume last month fell 22 per cent in the Greater Toronto Area, compared with May, 2017, while the number of properties changing hands in Greater Vancouver dropped 35 per cent. [기사 전문 ↓] Source: Toronto, Vancouver home [전체 읽기]
I want to buy a house that has a tenant but I don’t want to be a landlord | The Star
As the owner, you are allowed to evict the tenant if you plan on living in their unit, or allowing a family member to use it. But you or the family member must intend to live there, and you’ll have to provide compensation and sufficient notice. It’s illegal for a homebuyer to evict a tenant under a false claim of the “Landlord’s Own Use” rule. If you evict your tenant [전체 읽기]
Bank of Canada holds key interest rate at 1.25% | The Star
The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year. The central bank held steady its target for the overnight rate — a key financial benchmark that influences the prime lending rates at the country’s big banks — at 1.25 per cent. [전체 읽기]
If you sell real estate, expect the taxman to take a close look in continued CRA crackdown | National Post
In a release last week, the Canada Revenue Agency provided an update on its ongoing project to address “non-compliance in real estate transactions.” The CRA said there continues to be “tax compliance risks in the real estate sector, particularly in the Vancouver and Toronto markets. In response to these risks, the CRA is continuing to take concrete action to crack down on those who fail to follow the law.” During [전체 읽기]