Wit Ventures: Finance Ministers and Toronto Mayor to Meet Quarterly as Housing Issue Heats Up.

Wednesday, 19 April 2017

Finance Ministers and Toronto Mayor to Meet Quarterly as Housing Issue Heats Up.

From Andrea James, CBC News.

The federal and Ontario finance ministers have promised to meet every quarter with the mayor of Canada's largest city to try to rein in the hot real estate activity in the Greater Toronto Area and beyond.

Federal Finance Minister Bill Morneau announced that Ottawa will dedicate resources within the Canada Revenue Agency to ensure that those in the GTA housing market follow real estate tax laws.

Ontario Finance Minister Charles Sousa.

And he agreed with his provincial counterpart, Charles Sousa, and Toronto Mayor John Tory that the federal government needs to ensure that banks and other mortgage lenders ‘are operating prudently’ to make sure the economy remains stable.

The trio met Tuesday afternoon to discuss the challenges of rapidly rising housing costs and to see what the three levels of government can do.

Toronto Mayor John Tory.

Sousa remained tight-lipped about the province's plans, but said to expect measures in the upcoming provincial budget — something the government has been foreshadowing for weeks.

Link to the rest here.

Thank you for reading.

No comments:

Post a Comment

Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.