With a $12.5 billion deficit, Ontario may have to increase taxes in order to balance the books.

The preferred option for finance minister Charles Sousa is attracting investment into the province through a competitive business environment; but speaking yesterday he wouldn’t rule out tax hikes.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: