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October 3, 2017

OREA Statement on CMHC commitment to helping self-employed & new immigrants achieve home ownership

“Buying a home is the largest, most important decision Ontarians will ever make. Ontario REALTORS® commend the Canadian Mortgage and Housing Corporation, an agency of the federal government, for today’s commitment to reduce red tape for self-employed entrepreneurs and new immigrants looking to buy homes and helping them achieve the Canadian dream.

Governments at all levels should be adopting a policy of doing no further harm when it comes to people’s largest investment - their home. The cumulative impact of federal mortgage rule tightening, higher interest rates, increases to the Toronto Land Transfer Tax and the Government of Ontario’s Fair Housing Plan risks undermining the primary asset of Canada’s middle class: the family home and weakening our economy. It’s time to pump the brakes on further government interventions to reduce housing demand.”

- Tim Hudak, CEO – Ontario Real Estate Association


For more information contact:

Katarina Markovinovic-Praljak

Head of Communications & Media Relations

katarinam@orea.com


More News & Press Releases

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Building Around and Above Ontario’s Transit Hubs Is Key to Creating Thousands of New Homes For Ontario Families

With Ontario’s home ownership rates on the decline for the first time since Confederation, the Ontario Real Estate Association (OREA) and Ontario Home Builders’ Association (OHBA) are calling on the Provincial Government to take bold action.

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OREA CEO Tim Hudak Statement on the Province’s Consultations to Modernize Real Estate Act

Ontario REALTORS have brought forward bold ideas to bring the real estate rules into the 21st century to benefit the consumer, raise the bar on education, strengthen professional standards and hold those who break the rules to the highest level of discipline.

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Statement from OREA President, David Reid, on Proposed Amendment to the Growth Plan for the Greater Golden Horseshoe, 2017

Thousands of families across Ontario are struggling to afford the Canadian Dream of home ownership. REALTORS® believe that Ontario’s housing affordability crisis calls for bold action.

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