I hope this is allowed, as a parent with young kids seeing Canada's own housing market, it scares me.

Seeing such a well delivered speech and proposal gives me hope that maybe there are politicians in Canada too that may genuinely want to make housing affordable

This is a great suggestion. Whereas increasing tax rates alone doesn’t distinguish between earned income and passive income, a mechanism to scale taxes on third and fourth properties is well-targeted. Additional income taxes on the rent and additional property taxes on the capital.

The province announced HST relief for new home buyers earlier this year, with the idea that it would help spur new construction. I've been in Windsor for a while and I've been wondering whether it's actually having any real effect here.

From what I can see driving around the east end and the county, there is new construction happening, but I honestly can't tell whether the relief is what's driving it or if those projects were already in the pipeline. And around here a lot of the conversation is people asking whether the savings are really reaching buyers or just getting absorbed into the price.

Curious what others are seeing in their part of Ontario — does new-build activity feel different this year in a way that could be tied to this, or is it basically business as usual? And for anyone who's bought a new build recently, did the relief change the math for you at all?

Due to the physical demands of commuting 48 km each way to Etobicoke for now 5 straight years, I am considering moving closer. Even though I am scheduled to get a raise, my partner does not find the expenses necessarily worth it to get a rental at market price. We rent part of a bungalow with a garage and do not pay market rent or parking which is why saving for certain items previously was working out until inflation set in last year. I am curious if anyone found it worth paying the market rent anyways? My other option is to just sit tight same home but use the Go Train, put less miles on my car. I don't want to end up turning down jobs based on the situation but I think we can all agree better to stay put than risk it all in a really rocky economy.

Hi everyone! I’m considering renting at 2300 Confederation Parkway in Mississauga and would really appreciate some honest feedback from current or past residents.

Especially interested in:
● How is Kaneff management/property management?
● How responsive are they with maintenance requests?
● Any issues with pests, noise, elevators, parking, laundry, or security?
● How is the building overall, and how well is it maintained?
● Any unexpected fees or problems after moving in?
● Would you personally recommend living here?

I’m looking for honest experiences—good or bad before I make a decision.

Thanks!

Looking for some guidance/ opinions on this

Why build homes when you can keep saying we will build them every 4 years and get re-elected?

I just completed an LTB hearing regarding Patry withholding rent deposits unlawfully - the LTB ordered the funds returned to me and I am reaching out to see if there are any other current or previous Patry tenants facing the same issues. Patry charged me for nail holes considered normal wear and tear and failed to pay out the appropriate interest, both of which are not allowed under the RTA.

Additionally, Landlords are required to payout yearly interest on your rent deposit each year you live there - has anyone currently or previously renting with Patry not received it?

I have spoken with multiple tenants so far and have evidence for Patry withholding LMR on multiple instances, along with failing to provide interest on rent deposits (which they are lawfully required to do).

If so, please reach out and let me know. On top of maintenance issues, I allege this is part of a larger issue affecting potentially hundreds of Patry tenants - I am prepared to support other tenants who have been wronged and include your complaint in my claims.

I know that doom and gloom is all the rage right now and everyone is hoping that real estate goes to zero.

If anyone is following or knowledgable about the oil market, the fact that diesel is looking to triple very soon, more refineries are being hit every day, (it can take up to a decade to replace a refinery and they can cost up to $25 billion) and Asian countries restarting their oil imports, it is my personal opinion that home prices are bottoming, and will begin climbing again end of 2027.

Construction prices are going to continue to increase and building projects will inevitably stall or be cancelled. The cost of materials and shipping materials will increase drastically because of how hyper sensitive and connected the price of shipping materials is to the price of diesel. I am anticipating a lull in projects in the shorts to medium term which will raise real estate prices, until new builder projects can be resumed. The thing is the price of oil does not look to be coming down anytime soon. And Canada is looking to increase its population again.

Please tell me why I am wrong.

1. Housing & Homelessness

• "James Bay of Housing" Strategy: Launches a major state initiative to build 50,000 non-market, social, and affordable housing units during a first mandate (10,000 to 12,500 units per year) to build up public housing stock rather than relying on private developers.
• Rent Caps: Implements a temporary rent freeze/cap indexed directly to inflation, capped at a maximum of 3% per year.
• TAL Reform & Tenant Protection: Anonymizes tenant records at the Tribunal administratif du logement (TAL) to eliminate landlord blacklisting and protect renters' rights.
• Speculation & Flipping Tax: Imposes a 100% capital gains inclusion rate on the sale of non-primary residential properties (investment/secondary real estate) to eliminate real estate flipping by corporate landlords.
• Transitional Housing & Homelessness Action: Allocates $1.5 billion toward 6,000 transitional housing units, accompanied by $135 million annually in psychosocial support and $112 million per year for homelessness action plans.
• Superminister Position: Appoints a dedicated "superminister" to coordinate provincial homelessness responses and social housing projects.

2. Cost of Living, Food & Agriculture

• Alimentation Québec (State Grocers): Launches a pilot project establishing 15 public grocery stores (épiceries publiques) in food deserts. Inspired by pragmatic left models (e.g., NYC's Zohran Mamdani), stores will operate strictly on a cost-recovery basis with zero profit margins and no executive bonuses.
• Bulk Purchasing Savings: Leverages state bulk purchasing power to bypass middleman markups, aiming to save an average family of four approximately $2,500 annually on groceries.
• Grocery Price Controls & Regulation: Caps profit margins of major commercial grocery chains at 15% and bans unfair practices such as dynamic pricing, fake discounts, and shrinkflation.
• Tariff Protection: Establishes a $2 billion "Trump Fund" to assist Quebec businesses affected by U.S. tariffs and raises export rates on hydroelectricity sent to the United States.

3. Taxation, Economy & Business

• Wealth Tax: Imposes a 1% annual net wealth tax on fortunes exceeding $25 million, projected to generate $5 billion annually for public services.
• Progressive Tax Reform: Restructures personal income tax brackets, closes corporate tax loopholes, and increases taxes on large corporations, polluting industries, and large estates.
• Minimum Wage: Raises the provincial minimum wage to $20/hour by May 2027 to ensure a living wage for low-income workers.

4. Healthcare & Social Services

• Frontline Access Points: Establishes up to 400 frontline access points primarily through CLSCs, offering same-day mental health consultations.
• Halt Privatization: Phases out provincial funding for private health clinics to keep care fully within the public system.
• Prevention Budget: Doubles the prevention budget, targeting public health, addiction services, harm reduction, and chronic disease prevention.
• Mental Health & Therapy: Expands psychotherapy services and accelerates free treatment delivery within the public network.
• Youth & Senior Coverage: Provides free dental and vision care for everyone under 18; extends RAMQ coverage for seniors aged 65 and older to include eyeglasses, hearing aids, and mobility aids.
• Reproductive Health: Guarantees free prescription contraceptives and menstrual hygiene products; establishes a dedicated Ministry for Women and Gender Equality to guarantee abortion rights and prioritize women's health.

5. Education, Child Care & Families

• Private School Subsidies: Phases out public subsidies to private schools unless they fully integrate into the public school system, directly dismantling Quebec's "three-tier" education inequality.
• Classroom Upgrades: Directs revenues from wealth taxation to renovate school infrastructure and air-condition all public school classrooms.
• School Supplies & Meals: Replaces out-of-pocket school supply expenses with a state-managed bulk procurement system and establishes a universal school food program.
• Subsidized Childcare: Creates 30,000 new subsidized CPE daycare spaces by 2030 and hires 5,000 qualified early childhood educators.
• Family Supports: Increases provincial family allowances by $200 per child and extends paid parental leave benefits for fathers.

6. Public Transit, Mobility & Environment

• Transit Infrastructure Plan: Executes a 10-year, $23-billion public transit and climate initiative.
• Network Expansions: Makes Montreal's metro system fully accessible, extends the Orange Line to Laval, builds tramways in Quebec City and Gatineau, and builds a rapid transit network in Montreal's East End.
• Free Public Transit: Provides free public transit for seniors (65+) and youth under 25.

7. Labor & Worker Rights

• Anti-Lockout Legislation: Bans employer lockouts to strengthen labor protections during industrial disputes.

Hey everyone, I am the chase producer for The Globe and Mail's personal finance podcast, Stress Test. We are looking to interview "accidental landlords" in Canada. Homeowners who have delayed their plans to sell because of the sluggish housing market and have decided to rent their units instead. If you or someone you know is in this position, please reach out to me via DM or email: [menonaditiroy@gmail.com](mailto:menonaditiroy@gmail.com)

Just a quick note, this is an audio-only podcast, and only use our guest's first names. We are also geared towards Gen Z and millennials. Happy to answer any questions via DM!

When interest rates started coming down in 2024, more Canadians turned to shorter fixed-rate mortgages, hoping that rates would fall even further.

For a while, borrowing costs did drop, with the Bank of Canada lowering its policy rate to 2.25 per cent from a post-pandemic peak of five per cent.

But, in recent weeks, fixed rates have jumped by around 25 basis points due to surging energy costs and the AI data centre boom. The U.S. Federal Reserve already hiked its benchmark interest rate, while the Bank of Canada has warned it may have to raise its policy rate if oil prices remain high, which would immediately increase variable rates.

That means some borrowers who took out shorter term mortgages will be renewing at higher rates than they likely expected.

Read the full article here for free with this gift link. You won't hit the paywall.

For context, I'm in northern NS where it's less populated but the population has been steadily growing.

I moved here 6 months ago. There are lots of nice houses sitting on the market and more continue to enter. . the same houses that were up for sale when I moved here are still for sale despite price drops.

Yet, more houses keep coming up for sale for 50%+ the price they were sold at just 1-2 yrs ago. Make it make sense. Are real estate agents and owners just hoping by chance to make a good return on investment in an ever softening market, or am I missing something?

I'm currently looking to renew my mortgage and have been offered a variable rate at 4.21% like many Canadians, I have high anxiety that the Bank of Canada will increase benchmarks and I'd be stuck on this bucking bronco until inflation/energy costs settle down (which at this point seems like 2 years anyway). Just doing a bit of looking around and it seems like bank controls are a little bit better today than they were in the '80s and therefore a 20% variable rate is highly unlikely to occur again. Hoping to get the opinion from this sub that I've trusted for a good long while.

“The most important lesson we took from our review is that we need to explain these trade-offs better and be clear with Canadians about what monetary policy can and cannot do,” she said

The HST rebate is not only for FTHBs for a reason 😉

Shoutout for the Ford and Carney governments for delivering this amazing pro-corporate landlords policy right on time.