
The Ontario Real Estate Association has been pushing for increases to the amounts the Province will provide home owners in the Energy Savings Program. The new program, initiated to encourage us to make our homes more energy efficient through financial rebates and incentives is being reworked to reflect some of the recommendations of OREA.
Visit the site (click below) for a breakdown of rebates that you may qualify for.
Ontario Energy Savings Program
Niagara West Conservative MPP Tim Hudac raises a challenge to the provincial Finance minister to consider a reprieve from the charging of Land Transfer Taxes for just one year in order to stimulate the real estate and housing industries that are at the core of our economy.
This makes far too much sense I am afraid for it to ever be put into practise. I personally know a few young couples struggling to save their down payments and closing costs to buy their first homes that would be ready to act today if the government were to implement this.
In June 2007 a new City Council had a host of plans and concepts for Barrie's future developement. Some were inherited from past council and many are well underway. Some have evolved, been retired or are still to begin. Have a look at this presentation from June 2007 which shows Barrie through the crystal ball of planners.
Ministry of Municipal Affairs and Housing:
June 2009
Once it has been passed, the Barrie-Innisfil Boundary Adjustment Act, 2009 will extend the southern boundary of the separated City of Barrie to include approximately 2,293 hectares of lands currently in the Town of Innisfil, which is in Simcoe County. These lands are contiguous to Barrie’s current urban structure. This will enable Barrie to plan to extend its existing urban services to these lands. This is critical for the successful implementation of the provincial policy framework in the Simcoe area.
If passed, all real property of the Town of Innisfil and the County of Simcoe in the lands affected by the boundary change would transfer to the City of Barrie on January 1, 2010.
Bylaws
If the proposed act is passed, the City of Barrie’s bylaws would be extended to the lands affected on January 1, 2010. Some of the Town of Innisfil’s and the County of Simcoe’s bylaws would continue to apply to these lands. These would be bylaws passed under the Planning Act, e.g., zoning and site plan controls; the Highway Traffic Act; and the Municipal Act, 2001 and would continue until they expire, are amended or repealed.
Official Plans
The Bill proposes that the official plans of the Town of Innisfil and the County of Simcoe would continue to apply to the affected lands until they are changed. In addition, the Bill proposes that any procedures started by the Town of Innisfil or the County of Simcoe to adopt or amend their official plans as they apply to the affected lands may be continued by the City of Barrie.
Tax Matters
The Bill proposes that all taxes due on properties on the affected lands on December 31, 2009 would become due and payable to the City of Barrie on January 1, 2010, and may be collected by the City. The Bill also proposes that, the City of Barrie would be required to pay the Town of Innisfil any tax arrears owing up to December 31, 2009.
Regulation Making Authority
The Bill proposes to give the Minister of Municipal Affairs and Housing the authority to make regulations for any matter with respect to the boundary adjustment under this proposed Act. This includes transitional matters necessary to facilitate the implementation of this proposed Act.
Our provincial government is making changes to the tax laws that will effectivly put home ownership completely out of reach for many Ontario residents and hardest hit will be young families.
Why is our government, especially in difficult economic times deliberatly sabotaging a vital and currently unstable area of our economy?
Send a letter or email to your local MPP if you are concerned about this proposed tax grab.
HST Projected Costs for Ontario Home Buyers
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