Ottawa Hoping to Calm Investment Housing Prices
Ottawa has announced tentative plans to "tamp down" the rush for investment properties in Canada. This would include discouraging foreign investors from holding onto vacant homes. This shouldn't affect "mom and pop" landlords, rather targeting larger real estate trusts. This could affect tenants are the goal would be to have more supply, in theory bringing down rents. Additionally, when mortgages are lower it avails itself to lower rents.