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Housing is Driving The Canadian Economy

Q4 economic growth was much stronger than expected. This could help explain why interest rates have risen so fast recently and could portend a more optimistic statement from the Bank of Canada next week.

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Home sales fell again in May, but don’t get used to this

Despite buying activity decelerating in May, the average selling price still crept up by 1.1% month-over-month to reach a record $1,108,453 thanks to new listings decreasing in April.

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Hamilton’s ‘hidden gem’ properties

"There’s a hidden gem: mixed-use commercial properties in downtown Hamilton that might be able to be converted into residential properties."

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Canadians’ credit debt is shrinking, but mortgages surge 26%

Mortgage originations grew by 25.8% year-over-year in the first quarter of the year as a result of interest rates falling to record lows. That also caused home prices to increase by 31.6% in March.

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Vancouver’s affordability woes amplified by supply shortage

"We’re expecting something in the neighbourhood of 200,000 people over the next five years, but we’re only completing 11,000 homes a year."

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New tool lets landlords ‘bank check’ prospective tenants

Landlords now have a more efficient way of determining renter suitability with this new tool called Rentify. Here's what the CTO and co-founder has to say.

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Careful what you wish for: rate hikes aren’t the answer

A poll conducted last month revealed interest rates will cool the housing market, but that's not all that will happen. Here's what experts have to say on the matter.

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Canada’s second-fastest growing city is a bull market

“In February 2020 from a month earlier, we saw numbers that were unprecedented with serious growth and a market that was still moving very quickly."

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Skilled trades shortage could undermine home construction in Ontario

Between 2021 and 2030, it’s anticipated Ontario will need 1,378 new certified bricklayers but only 545 are expected to complete their training and 3,630 new welders in the same period but only 610 are expected to become certified.

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Stress test changes take effect today, but don’t worry

There are ways to avoid the stresses of the new stress test qualifications that were introduced. This expert is recommending using alternative mortgage lenders.

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Tax breaks for innovation are a neglected route to growth in the real estate sector

SR&ED is administered by the Canada Revenue Agency (CRA) and can be worth hundreds of thousands of dollars. The key is recognizing how to qualify.

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Will paying rent with cryptocurrencies catch on?

Vancouver-based rental platform liv.rent is accepting Bitcoin rent payments, the company just announced, with landlords receiving funds in Canadian dollars.

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June 11-13 conference teaches agents how to be top-10 in their city

Are you a real estate agent looking to improve your marketing tactics? Learn more during this virtual conference hosted by Craig Proctor from June 11-13.

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