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Ontario Trying to Cool Housing Market

Friday, 21 April 2017 04:00 BD
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The provincial government has announced a multi-pronged approach to cool off a red hot housing market, especially in the Toronto and Hamilton areas.  Some of the measures include placing units in apartment buildings constructed after 1991 under the province's rent control guidelines, a 15% tax on non-resident home buyers and allowing municipalities to tax vacant homes. The moves have been welcomed by the Ontario Real Estate Association, other industry experts and the opposition parties at Queen's Park. (bd)

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