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Vancouver empty homes tax explained

The empty homes tax is a yearly tax applied to any homes or properties in the Vancouver area that are left unoccupied for more than six months in a given tax year.

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Calgary market remained strong in Q3 and investors are taking notice

Despite a marked slowdown from the hectic first half of the year, Calgary has no shortage of activity in its residential market.

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How much does new home construction cost in Canada?

For many people, building their own homes is a solution to help them get exactly what they want. While it is totally viable option, it is a very different process than buying a resale home.

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News

CMHC says these markets have ‘high degree of vulnerability’

Economic fundamentals don’t explain the country’s escalating housing prices and that’s indicative of vulnerability, says CMHC.

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Canadian housing prices slated to rise in 2021: Royal LePage

Average home prices in the region are slated to hit $990,300, according to Royal LePage’s 2021 forecast, while low-rise houses are anticipated to reach $1,185,800.

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Petition seeks provincial inquiry into the handling of Fortress Real debacle

Angry investors who've lost millions are demanding an inquiry from the Ontario regulatory agency to investigate the company at fault.

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GTA’s red-hot luxury property market poised for a makeover in 2021

Toronto's luxury housing market is expected to see changes in 2021 as the demand for larger terraces and balconies increases.

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Proposed vacancy tax worse news for reeling condo market

The City of Toronto’s proposed tax on vacant homes has been reproached for the damage it could do to the city’s already-reeling condo market.

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COVID-19 pandemic has catalyzed decentralization: RBC

Although 2020 will soon be in the rear-view mirror, the changes it ushered in will remain into 2021 and beyond, according to a forecast from RBC Economics.

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Toronto’s best and worst performing condo unit types

Toronto’s condo market may be softening, but not all unit types are performing badly, according to a new report from Realosophy Realty.

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Micro unit financing made easy

The big banks are chary about financing micro-units (500 sq. ft. and below) because they’re rarely end user-occupied, and nearly always purchased as income properties.

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Institutional investors in ferocious competition for rental stock

Toronto’s multifamily residential buildings have been in hot demand among institutional investors who are locked in bidding wars with each other.

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National real estate market stayed red-hot in November

The nation's real estate market sales surged by 32.1% last month compared to November 2019.

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