Ontario Finance Minister Charles Sousa is considering a number of measures to cool the housing market as he prepares to unveil his annual budget on April 27. He will meet with Canada’s Finance Minister Bill Morneau and Toronto Mayor John Tory on Tuesday to discuss the housing market. “It’s unfair that deep pockets are driving up the cost of homes,” Sousa said in the speech. Policy makers have also committed to a long-standing plan to balance the budget in the fiscal year started April 1. Canada’s richest and most populous province is concerned about speculators and has asked Morneau to close a loophole on capital gains exemptions, Sousa said.

Source: National Post April 13, 2017 20:48 UTC