I’m not deeply invested in politics, but with the provincial election approaching, it’s crucial to know all the facts and remember all the policies. Many people may find themselves waiting for promises made during election that are unlikely to materialize. Political platforms often feel like walking on shifting sand—lacking a solid foundation or genuine plans backed by data and industry input. We see flashy announcements designed to win votes, but it’s essential to remember past legislation and how government policies have affected the real estate market in the past which is a prediction of the future.
Lets play a quick game, watch VIDEO below also : “Hot or Not” Please comment which of these legislations are hot or not;
2016 Foreign buyers Tax
2017 Empty Home Tax
2018 Mortgage Stress Test
2023 Federal Foreign Ban
2024 AirBnb Ban
2024 Flipping Tax
2024 Introduce Capital Gains for investment properties
2024 Encourage Density by eliminating zoning restrictions
2024 Introduced not pet restriction policy
