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Justin Trudeau - Chrystia Freeland - Canada bans foreign home buyers for two years to cool market - fox29.com - Usa - state California - Canada - Russia - county Ontario - Ukraine - Ottawa, county Ontario
fox29.com
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Canada bans foreign home buyers for two years to cool market
Justin Trudeau, Canada's prime minister, left, and Chrystia Freeland, Canada's deputy prime minister and finance minister, hold copies of the federal budget in Ottawa, Ontario, Canada, on Thursday, April 7, 2022. Freeland is imposing a one-time windf Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.The government announced a two-year ban on foreign home buying as well as higher taxes for people who sell their home within a year, though both measures include multiple exceptions including for permanent residents and foreign students.RELATED: California home prices have more than tripled in these citiesThe budget also includes billions for new housing and measures to help Canadians trying to get into the market, including a new savings account and changes to the first-time home buyers tax credit.The government is under pressure to cool an overheated market after prices climbed by more than 20% last year, while rental rates have also been rising.The federal Liberal government is also promising $500 million Canadian (US$397 million) in additional military aid to Ukraine as well as more humanitarian and financial support to Kyiv in response to Russia’s invasion.RELATED: First-time homebuyer? Real estate experts offer advice in crazy marketCanada responded to months of pressure from the NATO military alliance and others by promising more than $8 billion Canadian (US7.2 billion) in new military spending over the next five years.
Peter Bethlenfalvy - Health sector asks for Ontario budget investments beyond hospitals - globalnews.ca - county Ontario
globalnews.ca
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Health sector asks for Ontario budget investments beyond hospitals
Ontario’s next budget will set a roadmap for recovering from COVID-19, perhaps doubling as the Progressive Conservatives’ election platform, and many stakeholders are asking the government to shore up the health system by looking beyond hospitals.From hospitals, to long-term care, to laboratories, the health sector bore much of the brunt of the pandemic’s impact.The government pumped more than $5 billion into hospitals to add 3,100 beds since the start of the pandemic and the Ontario Hospital Association said those were welcome investments. Ontario COVID-19 numbers: Province reports 228 people in intensive care Now, to maintain financial stability for hospitals as they restart surgeries and procedures delayed by the pandemic and continue to manage other COVID-19 pressures, they require a 3.5 per cent increase in base operating funding, or $735 million, the OHA said in its pre-budget submission.In addition, the hospital association is seeking dedicated funding for reducing the surgery backlog, and continuing funding for additional beds that was committed over the past two years.The Progressive Conservative government is extending its own deadline for delivering the next budget to April 30, which is around when the campaign for the June 2 election will begin.A spokeswoman for Finance Minister Peter Bethlenfalvy said he “understands the importance of investing in health care to create a more sustainable system in Ontario.”Contributing to the pressures in hospitals is the need for greater funding elsewhere, the OHA noted.
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