The Ministry of Municipal Affairs received 244 written submissions during its 2023 consultation period. Roughly 90% expressed concern or outright opposition. The province rolled out the powers anyway. Strong mayor legislation started as a housing emergency measure in 2022, limited to Toronto and Ottawa. By 2024, it had expanded to
A 47-year-old software consultant in Etobicoke bought a detached home last month for $897,000. The same house sold in February 2022 for $1.14 million. He paid less than the previous owner, closed in fourteen days, and had three competing offers withdraw before conditions. The June TRREB
Why Canadian Tech Lifted the TSX While U.S. Chip Stocks Dragged Markets Lower The TSX gained 112 points on a day when the Nasdaq stumbled through its worst semiconductor sell-off in eighteen months. That divergence isn't noise. It's what happens when one index lacks
A $50,000 credit card balance at 20.99% costs $875 every month in interest alone before you touch the principal. That's $10,500 a year disappearing into a hole that the CRA won't let you deduct. If you own a home with equity and your
You owe $425,000 on a primary residence, $6,500 a month flows out to that mortgage, and the Canada Revenue Agency will let you deduct none of it. Across the street, your neighbour with an identical mortgage and a basement rental suite writes off the interest on $180,000
A 42-year-old software product manager in Oakville has been paying $3,200/month for a two-bedroom rental for the past three years. She makes $145,000, has $85,000 in savings, and owns no property. Last month, she drove past a new condo tower going up near
The five-year Government of Canada bond yield climbed 69 basis points between late February and mid-June 2026. Your bank's renewal letter, which arrived two weeks ago, does not mention this. It lists your options, variable at 3.35%, five-year fixed at 4.04%, and reminds
A 47-year-old accountant in Oakville locked in her mortgage at 1.79% in February 2022. The renewal letter arrives in nine months, and the rate her lender has quietly floated is 4.89%. Her monthly payment will climb $840. She has three options: accept the increase, scramble to
A 47-year-old landlord in Hamilton with a $940,000 portfolio called in May. He'd locked five properties into 5-year fixed mortgages at 4.19% in early 2024. Variable rates sat at 5.8% then. No one questioned the decision. By June 2026 the math had
A Victoria couple with $180,000 down, verified employment, and a 760 credit score walked away from their accepted offer on a renovated Oak Bay character home last month. The pre-approval said they qualified for $850,000. The lender, three days before subject removal, said no. The deal wasn&
A client in Oak Bay asked her broker last month: "But the lender pays you. So is there an incentive for you to steer us toward a lender that pays more rather than the best rate?" The broker paused, then answered. The pause mattered more than the answer.
Malcolm was 34 when his 2022 T4 showed $287,000 in consulting income. He'd been working with the same accountant for six years, a CPA with an office three blocks from his condo in James Bay, $1,800 annual fee, returns filed on time every March. The accountant