Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
The Cullen Commission inquiry into money laundering in British Columbia began this week as the provincial government seeks a solution to the use of real estate and gambling industries by tax evaders and organized crime gangs.
The British Columbia Real Estate Association made its opening statement to the inquiry and called for greater co-operation between federal and provincial organizations to tackle the problem.
"We are committed to working with government to better understand this issue and address any pre-existing vulnerabilities within our sector," says BCREA CEO Darlene Hyde. "It is our hope that by working collaboratively we can steer a path forward that strengthens consumer protection measures and limits illicit impact on the housing market".
Hyde says that she hopes the inquiry will result in a clear evidence-based assessment of the scale of money laundering in BC real estate.
BCREA has already stated several recommendations:
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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Many Torontonians and GTA investors perceive Windsor in a different light. But the reality is, it's a growing city that has much to offer investors, homebuyers, students, immigrants, and retirees alike.
While Calgary has continued to increase in popularity, prices have remained steady unlike in markets like Toronto and Vancouver. It holds many benefits for investors.
The Scott McGillivray Real Estate Fund helps people understand passive real estate investing. Scott McGillivray himself has been speaking to people about how to invest in real estate for over 15 years.
From February 2022 to April 2022, there have already been significant price decreases. However, that doesn't mean affordability is around the corner.
According to OSFI, the real estate market in Canada has seen a massive run-up resulting from low-interest rates and supply/demand imbalances.
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