Canada’s Throne Speech Helpful to Real Estate Industrty

(ORES)

The Speech from the Throne delivered 3 March 2010 by the Governor General, is in effect Canada’s strategic plan, as prepared by the Prime Minister’s office.

The approach is very much “stay the course” in terms of the economy.

There are some highlights including:

• A freeze on parliamentary salaries
• The stated intention to return to a balanced budget
• A control on federal spending
• An opening of the communications market to foreign participation
• A de-regulation (in part) of the oil and mining industries to encourage investment

While there were no specific matters addressed that would have an impact upon the real estate industry, nevertheless, the stated intention to constrain government spending and ensure the return to fiscal balance will be helpful to the economy overall, and that speaks well for stabilization and future growth of the real estate industry.

Brian Madigan LL.B., Real Estate Broker, is an author and commentator on real estate markets, finances and law
www.OntarioRealEstateSource.com