Toronto Housing Crisis... Canada Market Update

Toronto's Housing Market and Economy is in a MAJOR Crisis... Olivia Chow attempts to revitalize the downtown core by meeting with CEOs. But is it enough to tackle the rising safety concerns, traffic chaos, and overall dysfunction in the city? Taxpayers in Toronto footing a $71,000 monthly bill to store modular homes intended as temporary residences. How did it come to this, and what does it mean for our housing crisis? How are municipalities contributing to the housing crisis? From jacking up development charges to mismanaging funds, we unpack the actions making it harder for affordable housing to become a reality. The latest rent report is out, and it’s not looking good. Find out how rent prices are skyrocketing, hitting record highs in major cities like Toronto and Vancouver. We delve into the federal government’s desperate measures to manage interest costs on debt and the implications for taxpayers. From carbon taxes to potential changes in capital gains tax inclusion rates, get the inside scoop. Learn about the rising popularity of equity release programs among Canadians over 55. Could this be a viable solution for financial relief in today’s tough economic climate? All this and more on this episode of Ruffled Feathers! Join us as we discuss these pressing issues and more. Make sure to like, subscribe, and share your thoughts in the comments below. Don’t forget to check out our latest episodes on YouTube, Spotify, and Apple Podcasts. Enjoy the show and Happy Father's Day to all the amazing dads out there!

At OwlMortgage.ca, we’re reframing mortgages. Gone are the days of daunting contracts that laden you with debt. Our educational and empathetic approach considers your needs and wants from your home to make it work for you. We offer a helping hand regardless of your learning style or where you are in your home-buying journey. Whether you're self-employed, salaried, or retired, and looking for a first home, renewing, refinancing or consolidating your debt, the team is here to help.

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