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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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Condo insurance premiums on the rise

Surging condominium corporation deductibles in Alberta and British Columbia caused condo insurance premiums to rise by 16% last quarter from Q3-2019, according to a new report.

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How to maximize your ROI on a Vancouver condo flip

Vancouver has long been Canada’s most expensive real estate market, which can make flipping homes a tricky endeavour. In a city where the benchmark price of a detached house increased by 8.5% year-over-year in October to $1,523,800, condos and townhouses offer the best bang for your buck.

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3D cost-cutting platform revolutionizing real estate sales

The cost of marketing a real estate development in a presentation centre alone easily breaks six figures, but a new cloud-based platform is not only revolutionizing the way people purchase real estate, it’s cutting some of the costs.

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B.C. can still fix flawed anti-money laundering laws: CD Howe

British Columbia’s highly anticipated measures to combat rampant money laundering in the province’s real estate have been rendered toothless by the very government that designed them, charges the C.D. Howe Institute in a new report.

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Jac Condos could appreciate 8 times faster than nearby condos

New condominium launches have decelerated as a consequence of the COVID-19 pandemic, but well-placed, well-priced developments in downtown Toronto proffer opportunities the city’s red-hot market hasn’t seen in years.

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Home renovations spiked during lockdown

Andrea Ross and her husband decided to renovate their home in Toronto’s Davisville Village to make it more functional after learning she was pregnant, and then the COVID-19 pandemic struck.

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Platform touts intricate data points for investors

Imperative to real estate investment are key market fundamentals, including economic opportunities and possible housing supply shortages in any given area, and then making a calculated decision about whether or not a property will have cash flow adequately.

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Job growth decelerated in October: StatCan

Canada’s economy sputtered last month with only 83,600 new jobs created—significantly below the 378,000 unique jobs generated in September—but the number of people who work from home grew by 150,000 in October, according to a report from Statistics Canada.

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Vancouver sales surge amid raging demand for detached homes

Home sales in Greater Vancouver grew by 29% year-over-year in October, with transactions rising to 3,687 from 2,858, according to new data from the Real Estate Board of Greater Vancouver (REBGV).

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GTA home sales surged by 25% in October

Homes sales surged by 25.1% in the Greater Toronto Area last month, marking the fourth straight month of year-over-year increases, according to the latest data from the Toronto Real Estate Board.

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