👉Canada 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.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaHousing #HousingStimulus #ImmigrationPolicy #Affordability #DemandVsSupply #CapitalGains #Budget2024 #mnm #malayalisnearmeapp #canadaupdate #canadanews

🏡 Renting vs. Owning: Ready to take the plunge into homeownership? 🚀 Before you make that big decision, it's crucial to understand your financial standing and goals. Join Mr. Kamal Pillai as he shares expert insights to help you make the right choice for your future. 📊💼 #Homeownership #RealEstate #FinancialPlanning #CanadaHousing #RentVsBuy #DecisionMaking #ExpertAdvice #KamalPillai #CommunitySupport #MalayalisNearMe #MalayaleesNearMe #CarouselSeries #TheCanadianHome #TheCanadianHomeRealty

👉The Canada Revenue Agency or the (CRA) has extended the deadline to file their federal Underused Housing Tax (UHT) returns. The new deadline has been extended from October 31, 2023 to April 30, 2024. The CRA also mentioned that they are going to waive off penalties and interest for late UHT returns and payables. However, they must be filed and paid within the new revised deadline. The UHT is a 1% annual tax on vacant or underused residential properties in Canada. The aim is to increase the number of available housing. However, it does affect foreign nationals, some Canadian citizens and residents, and certain companies.✅ . . #HousingTax #DeadlineExtension #TaxNews #Canada #CanadaHousing #TaxDeadline #UnderusedHousingTax #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Finance Minister Chrystia Freeland has revealed that the Canadian government is injecting an additional $20 billion into the Canada Mortgage Bonds program, raising its annual limit to $60 billion. This move is focused on bolstering rental housing construction, including apartments, student residences, and senior housing. The government anticipates that this funding will result in the creation of 30,000 new rental units each year, addressing the pressing need for affordable housing in the nation. The program enables developers to access loans at lower interest rates compared to conventional mortgages, making it a significant step in the ongoing effort to provide more homes for Canadians.✅ . . #AffordableHousing #RentalConstruction #GovernmentFunding #HousingFinance #Freeland #CanadaHousing #Accommodation #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Anita Vandenbeld, Member of Parliament for Ottawa West – Nepean, representing Minister Sean Fraser, has revealed an investment of $18.5 million from the Rapid Housing Initiative's (RHI) Cities Stream for the City of Ottawa. The funding will facilitate the construction of a 4-story, 54-unit apartment building at 56 Capilano Drive, Nepean. This project carried out in collaboration with Ottawa Salus, aims to provide supportive housing for older adults, enabling them to "Age in Place" with dignity and independence. It will cater to independent-living adults dealing with serious mental illness, addictions, homelessness, and hospitalization cycles, surpassing local environmental and accessibility standards. Additionally, the initiative will implement various supportive programs to empower tenants and connect them with community resources. This investment is part of the Government of Canada's commitment, totalling $4 billion, with an additional $1.5 billion allocated for RHI, focusing on addressing housing needs for vulnerable Canadians.✅ . . #AffordableHousing #CanadaHousing #OttawaDevelopment #CMHC #HousingNews #HousingForAll #CanadianRealEstate #mnm #malayalisnearmeapp #canadaupdate #canadanews