The measures will take aim at speculators, expedite more supply, tackle rental affordability and look at realtor practices
A housing downturn could involve material spillovers to the broader economy
Recent policy changes from federal, provincial and municipal governments remain “wild cards”
Toronto market “especially worrisome,” economist says
Provincial Finance Minister Charles Sousa is “keenly aware” of how quickly house prices have risen over the past year in the GTA
Much of the increase stemmed from single detached homes started in urban areas in Ontario
This country has the priciest housing market in the world and, as a result, the risk of a price fall in overvalued markets, such as Vancouver’s, has risen
An increase in multiple-dwelling projects offset a decline in single-detached construction, CMHC says
Details of regulations still being worked out, Finance Ministry says
Government data shows there was a steep drop in real estate transactions in the Vancouver area last summer after the tax was introduced