CHBA Sees Significant Progress on Proposed Tax Changes for Private Corporations
It took a lot of effort by CHBA and its allies, but the federal government has made some welcome changes to its proposed tax measures for private corporations. Important details remain to be settled, but some of the most harmful aspects have been revised or removed. Get the details.
CHBA action leads to application of new OSFI ‘stress test’ being softened for existing new home buyers
On October 17th, the Office of the Superintendent of Financial Institutions (OSFI) announce new guidelines for conventional mortgage lending, including a ‘stress test’ that could have put tens of thousands of purchase-and-sale contract in jeopardy. After strenuous efforts by CHBA, OSFI has issued new guidance that should protect these buyers - and their builders – from unintended consequences. Read more on this industry issue.