Ontario’s Rent and Housing Reform: What Homeowners, Renters, Buyers & Sellers Need to Know

Recently Premier Wynne announced that Ontario would be initiating 16 new legislations designed to balance and cool the red-hot housing market among other things. Here are the 16 points explained. Actions to Address Demand for Housing: 1) A 15% non-resident speculation tax (NRST). The NRST will be imposed on buyers in the Greater Golden Horseshoe area…