home prices

With the continuous increase in home prices, the government has tried different ways to cool down the market, such as a “foreign buyer” tax in Ontario, the nationwide mortgage “stress test,” etc. However, all of these attempts haven’t succeeded so far. One method is still on the table, which is the capital gains tax exemption on Canadians’ primary residences. Again, this change might not happen, but if it does, it could cost homeowners a ton of money. Why homeowners enjoy a capital gains exemption Canada […]