A 15 per cent tax on foreign homebuyers in Metro Vancouver takes effect today. It was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, where house prices are among the highest in North America. Finance Minister Mike de Jong says the province will monitor whether the tax reduces foreign demand and opens up more housing options to British Columbians in the coming months.
Realtors say Toronto’s red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest. Dianne Usher, a Toronto-based realtor with Royal LePage, says some foreign buyers have already been flocking to Toronto as soaring home values have priced them out of Vancouver’s market.
Celine Dion says she’s happy to be home and doing well after an emotional first Quebec show kicking off the Canadian leg of her tour on Sunday night — just months after losing her husband to cancer.
The Canadian pop icon spoke at length to reporters in Montreal during a 90-minute early morning news conference Monday on the floor of the Bell Centre where she’ll be holding court for 10 nights.
It’s her first time back since the death of Rene Angelil, her longtime manager and husband who died of throat cancer at the age of 73 and whose funeral was held in Montreal in January.
“I’m really doing well,” Dion said. “I guess if I’m fine, my kids are fine. If my kids are fine, I’m fine, and that’s the most important thing.”
“I have to stand strong for today and for my kids, for myself, (and) what’s to come for tomorrow.”
Dion said Angelil’s final days were difficult.
“Rene gave everything to me and wonderful children on top of the rest of my journey through the business,” she said. “I loved him too much to see him suffer the way he did the past three years, so I am very grateful that this part of his life is over with.”
Accused election night shooter Richard Henry Bain told a forensic psychiatrist in 2012 he could be judged “crazy” and sent to a mental institution, his first-degree murder trial heard Monday. Bain made the comments in writing to questions posed by forensic psychiatrist Marie-Frederique Allard during an interview on Nov. 9, 2012, a little more than two months after he allegedly started shooting outside the Parti Quebecois election headquarters, killing a lighting technician.
ALSO IN THE NEWS TODAY:
— The Ontario Council of Hospital Unions will release a report on how hospital funding in Ontario is much lower than the rest of Canada.
— Service Alberta Minister Stephanie McLean will discuss new payday lending laws at a Calgary news conference.
— Nike will unveil the new Team Canada hockey jersey in Toronto.