Toronto is considering introducing a unique tax targeting foreign property buyers in an effort to tackle real estate speculation and enhance housing affordability. The proposed "municipal non-resident speculation tax" is suggested to commence at 10% of a home's purchase price, affecting both foreign individuals and corporations starting from January 1, 2025. City officials argue that this tax is crucial to safeguard Toronto's housing supply, discouraging non-Canadians,... [read more]

The Bank of Canada has decided to maintain its policy rate at five per cent for the fourth consecutive meeting. In a significant shift, the bank explicitly stated that there won't be a need for further increases if the economy aligns with its forecasts. Governor Tiff Macklem and other policymakers opted for this expected pause, citing data indicating a stalled economic growth that is expected to remain slow in the near term. The objective is to bring inflation back to the bank's... [read more]

Refurbishing your kitchen cabinets and pondering the best approach? While simple fixes like painting and hardware updates may suffice, there's a juncture where more substantial intervention is required: cabinet refacing or cabinet replacement. In this insightful guide, we'll delve into the nuances of each, providing you with a comprehensive understanding to make an informed decision tailored to your kitchen's needs. Distinguishing between cabinet refacing and replacement is... [read more]

Sharing home renovation progress on social media often compresses months of work into short videos or aesthetic photo sets. However, the truth is that extensive home projects can be draining and time-consuming, especially when stretched over a long period. If you're aiming to enhance your home without a substantial commitment, we've gathered a list of simple DIY projects that can transform the look and feel of your space without the stress. Discover our favorite one-day DIY projects and... [read more]

Decoding Carbon Pricing in Canada: A Comprehensive Guide to Costs, Mechanisms, and Rebates" Canada has implemented a national pricing strategy on pollution since 2019, yet this policy remains a contentious topic, with the Opposition Conservatives indicating their intent to make it a focal point in the upcoming elections. In this article, we provide an in-depth overview of Canada's carbon pricing, shedding light on its mechanisms, costs, and the intriguing concept of... [read more]