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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

Infill development could yield 176,074 units more units

The projection for rental housing demand in Ontario has doubled in a few short years to create a supply gap north of 40,000 units, driven by a propitious economy, falling homeownership rates and mass immigration, according to a report from Urbanation and the Federation of Rental-housing Providers of Ontario (FRPO).

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COVID-19 turns cottages into hot commodities

Following trends seen in New York and London, people are leaving the Greater Toronto Area for spacious pastures, but unlike the former two cities, a pattern unique to the GTA has emerged.

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Why you should refinance your mortgage now

Historically low interest rates have been the impetus for a homebuying frenzy that’s swept much of Canada, but it’s also presented a unique, if a once in a lifetime, opportunity for real estate investors.

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What investors can do in lieu of mortgage deferrals

Many real estate investors took advantage of mortgage deferrals that were offered at the beginning of the COVID-19 pandemic, and while they thought they had received reprieves, they, in fact, opened up another can of worms.

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Land assessments make or break developers

When he ran Mutual Gain in 1990 as a cost consultant for banks, Mike Bowering often spoke in front of the Ontario Home Builders’ Association, where attendees wanted to hear about lumber and other construction costs.

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Canada’s housing market is slumping: REIN

Despite headlines to the contrary, Canada’s housing market is in the early stages of a slump, claims a new report from the Real Estate Investment Network (REIN).

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Toronto supplanted as Canada’s most expensive 1-bedroom rental city

Renting a one-bedroom apartment in North York nets landlords $25 more a month than in Toronto, making it Canada’s most expensive city for that type of rental, according to a new report from Rentals.ca and Bullpen Research & Consulting.

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Strong October real estate market could decline in November

Canadian homes sales declined marginally by 0.7% in October from a month earlier, but actual activity compared to a year ago increased by 32.1% because of how many people have chosen to upgrade their households, likely as a result of the COVID-19 pandemic, according to the Canadian Real Estate Association.

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Construction industry remains robust during hard times

The health and safety of workers is, and remains, the most important concern of the Residential Construction Council of Ontario (RESCON).

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Waterfront living comes to Port Credit

Port Credit has, in a few short years, exploded into one of the GTA’s most popular destinations, and with a slew of dining and live music options, to say nothing of easy access to Lake Ontario’s placid waves, why wouldn’t it be?

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