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Ontario Budget expected to bring measures to soften Real Estate Market

Posted Mar 29th, 2017 in Market News

Ontario Budget expected to bring measures to soften Real Estate Market

Home buyers and sellers need to know what the Ontario government is thinking in terms of how to help control GTA’s overheated market.

Source: ROB FERGUSON, Toronto Star, Queen's Park Bureau 

Sousa promises measures to cool Ontario’s overheated housing market

Homebuyers who are finding affordability a challenge amid bidding wars can expect efforts to curb fast-rising home prices and rents in Ontario budget, finance minister said.

Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.

Disappointed that last week’s federal fiscal blueprint didn’t take immediate steps to cool the GTA’s overheated market, Sousa said Monday that Ontario will go it alone in the fight against crazy bidding wars, fast-rising prices and rents.

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