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The Weekly Bottom Line

HIGHLIGHTS

  • Canadian housing starts strength is timely
  • U.S. focus shifts to “how deep, how long?”

Canadian economic data did not disappoint this week, far from it. For starters, total building permits shot back above 230,000 units in February after trending mostly down since the middle of last year. Then, housing starts for March closed out the quarter on a strong note, barely budging from February’s astonishingly high level of around 255,000 units.

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Details of Approved Toronto Land Transfer Tax

October 23, 2007 -- Toronto City Council has approved a municipal land transfer tax that will be levied on top of the provincial land transfer tax. TREB worked very hard to oppose this tax and commends the efforts of REALTORS® on this issue. TREB took a strong position to oppose this tax as unfair in principle and refused to compromise. As a direct result of this strong position, City Council was forced to make a number of amendments to the City’s original proposal, including rebates for first-time buyers, a reduced rate, and grandfathering for existing transactions.

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Retrofit Your Home and Qualify for a Grant!

Thinking of ways to make your home more energy efficient? Here’s what you can do to reduce your energy consumption and receive grants through ecoENERGY Retrofit.

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Awards José Oscar Gonçalves and Maria Domingues
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