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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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What commercial real estate looks like today: Multifamily and office leasing

Amid the uncertainty of the COVID-19 pandemic, the Toronto multifamily sector remains one of the most resilient areas in commercial real estate.

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Proposed revitalization could render Canada’s most iconic street unrecognizable

Yonge St. is easily one of Canada’s most iconic streets, but it better reflects the Toronto of yesteryear. That could change in the next few years.

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Home prices to rise 4-6% in 2021: REMAX

A study by REMAX revealed that that only 6% of sellers in 2020 were influenced by the COVID-19 pandemic, 40% undertook home renovations, and 29% opted for more space.

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Proposed nationwide foreign buyer tax panned

The federal government has proposed a nationwide non-resident property tax for next year, forcing foreign buyers to pay a premium.

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Do landlords have to provide snow removal for their tenants?

We know you may not be a fan of the winter, but sorry landlords; snow and ice removal is your responsibility. These rules are outlined in the Residential Tenancies Act.

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Housing starts could decelerate in 2021: Altus

In Q3-2020, there were 237,300 housing starts in all of Canada, according to Canada Mortgage and Housing Corporation statistics, which is a 22.2% increase from Q2-2020.

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‘15-minute’ neighbourhoods are redefining urban living

The concept of 15-minute cities—which PwC defines as “ensuring that urban residents can meet their daily needs, such as a trip to the grocery store or school, within 15 minutes of their home either by walking or cycling”—is gaining traction in the developer community and transforming urban life.

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‘Turnkey’ investment property coming to Picton

Destination rental properties are exceptional income boosters if they’re in the right locale—places like Prince Edward County, which has emerged as a popular weekend getaway in recent years.

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Vancouver infused with condo rental supply: CMHC

The Empty Homes Tax played a pivotal role increasing condo units in Metro Vancouver’s long-term rental housing pool by 18.9% in 2019, according to a Canada Mortgage and Housing Corporation study.

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