Reverse Mortgage Down Payment Gifts: Golden Opportunity or Golden Years Gamble? For many of us, homeownership is key to ensuring financial stability in our golden years. For those unable to get on the property ladder due to a lack of funds for a down payment, the long-term financial impact can be significant.
Property taxes and tariffs were a major focus for Toronto city councillors this week as they gathered on Tuesday to finalize the 2025 budget. Despite an array of proposed amendments, many of which did not pass, Mayor Olivia Chow’s version of the budget—initially presented on January 30 and consisting of an $18.8-billion operating budget alongside a $59.6-billion capital plan—was largely approved with minimal alterations.
Two years ago, the federal government implemented a ban on foreign ownership, preventing non-Canadians from purchasing residential property across the country. Originally framed as a short-term measure to help “cool down” an overheated housing market, the policy was set to last just two years.