Province to announce new housing measures today
Those who buy homes with the aim of making a profit from them rather than living in them are expected to be the main target of housing measures to be announced by the Ontario government today.
The province is facing pressure to cool the hot housing market in the Greater Toronto Area, where the average price of detached houses rose to $1.21 million last month.
But the premier notes the issue extends throughout the Golden Horseshoe.
The package of measures put together by the Liberal government will take aim at speculators, expedite more housing supply, tackle rental affordability and look at realtor practices.
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