Real Estate News Headlines // September 17th 2014

What is happening in the Canadian Real Estate Market?


The Globe and Mail

TD Bank’s outgoing CEO urges tighter Canada lending rules

The Canadian government should tighten lending rules further to discourage consumers from taking on too much debt in an environment of low interest rates, the outgoing chief executive of Toronto-Dominion Bank said on Tuesday.

Ottawa Citizen

Looming development charge increases have builders worried

On Oct. 1, Ottawa home builders, who are already battling a sluggish housing market, face a significant jump in municipal development charges. Those charges, paid per residential unit, help cover the cost of new infrastructure and services such as roads, sewers and public transit, including Ottawa’s $2.1-billion light-rail project.

National Post

When moving expenses are a tax deduction, and when they’re not

If you moved this year, you may be entitled to write off your moving expenses on your tax return, provided the distance between your old residence and your “new work location” is at least 40 kilometres greater than the distance between your new residence and the new work location.


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