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Is bureaucracy responsible for housing affordability woes?

Housing is top of mind for Canadians with the federal election less than a week away, but unless political parties cut the red tape responsible for the chronic undersupply of housing in key markets, the affordability woes will persist.

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Boutique condo hosting RSVP-only event this Saturday

Riverwalk Niagara is hosting an RSVP-only event this Saturday at the Scotiabank Convention Centre in Niagara Falls where attendees can benefit from an incentive-laden package.

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Investors, take note: Calgary needs more secondary suites

Homes with illegal secondary suites have proliferated in Calgary during the last few decades, but with the city ready to crack down in January, investors need to know how to be on the right side of these changes.

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This mortgage agent breaks down federal parties' pledges

The governing Liberal Party’s election promise to introduce a new tax-free home savings account that would function much like RSPs and TFSAs to help first-time buyers is a welcome pledge, says Christelle Mwamba, an agent with Mortgage Scout.

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Younger investors driving secondary, tertiary markets

Investment property purchases are fast becoming the domain of millennials and Generation Z, who see more value in secondary and tertiary markets. They’re particularly active in the Niagara region.

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Are cash offers for your home risky?

Homeowners should beware of buyers soliciting them with cash offers, says the president of Right at Home Realty. It can be problematic for all-too-trusting homeowners and here's why.

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Home prices will flatten in 2022: RBC

The winter buying frenzy in Canada’s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from RBC Economics.

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Bank of Canada responds to weak Q2 economy—holding policy steady

The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate, estimating the first rate hike in the second half of 2022.

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Don’t outlaw blind bidding, alter it: broker

Blind bidding in the homebuying process has been called into question recently, with the prime minister of Canada even making an election promise to outlaw it.

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Unexplained wealth orders touted to fight money laundering

Talk of a beneficial ownership registry would prevent numbered companies from owning real estate and deal a major blow to would-be money launderers, say two Toronto-based lawyers.

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Tight supply drove up home prices in August: TRREB

TRREB is reporting strong sales for the month of August and noted that tight supply conditions have driven the benchmark price of a home in the region up by 17.4% compared to the same month last year.

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Canada's economy unexpectedly contracted in Q2

This morning's Statistics Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year.

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Barrie seeing surge of secondary suites

The City of Barrie is one of Canada’s most expensive rental markets. PadMapper determined that one- and two-bedroom apartments in Barrie averaged $1,730 and $1,920, respectively, in July.

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