๐Canada unveils a multi-billion-dollar housing stimulus plan in its latest budget, aiming to address housing issues. However, analysts, including BMO, suggest limited impact due to the focus on demand-side measures. Affordability may improve with immigration restrictions expected to lower population growth to 1% or less. Chief Economist Douglas Porter highlights the housing market's struggle with demand shocks rather than building deficiencies. The budget also surprises with a capital gains inclusion rate hike, impacting investors and recreational users.โ . ๐๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ ๐๐๐๐จ๐ซ๐ญ๐ฅ๐๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฆ๐๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐๐๐ข๐๐๐ญ๐๐ ๐๐๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ ๐๐ฆ๐๐ข๐ฅ: ๐ค๐๐ฆ๐๐ฅ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ @kamalpillai_realtor . . #CanadaHousing #HousingStimulus #ImmigrationPolicy #Affordability #DemandVsSupply #CapitalGains #Budget2024 #mnm #malayalisnearmeapp #canadaupdate #canadanews
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