Ont. Housing Minister defends plan to cut development charges, Second trial for Peter Khill continues & What’s a trigger rate & how will it affect your mortgage?

Bill Kelly Show

The Bill Kelly Show Podcast:

Ontario’s housing minister is defending his government’s plan to eliminate and reduce development charges even as municipalities warn the province its approach could significantly increase property taxes.

GUEST: Marianne Meed Ward, Mayor, City of Burlington

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The second trial for Peter Khill, the Binbrook man charged with second-degree murder for fatally shooting an Indigenous man continues today.

Both the defense and the crown agree that 29-year-old Jonathan Styres was shot dead in the driveway of Peter Khill's Binbrook home at about 3am on February 4th, 2016 - and that it was Khill who fired his shotgun at Styres

GUEST: Lisa Polewski, reporter, 900CHML

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We continue the conversation with defense lawyer, Ar Goldkind on Khill trail.

GUEST: Ari Goldkind, Toronto defence lawyer

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The Bank Of Canada estimates half of Canadian homeowners who took out a variable-rate mortgage with fixed payments have already hit their trigger rate.

Hitting a trigger rate means a mortgage holder is no longer paying down any principal on their loan and is only covering interest — a key point that can prompt the lender to force a homeowner to make additional payments.

GUEST: Ian Lee, Associate Professor with the Sprott School of Business at Carleton University