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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

Toronto Condo & Rent Prices Still Declining

Rental prices have been down $200-$400 on average in Toronto compared to this time last year and may continue to decline in 2021 until things open up again

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Open Houses Banned Amidst Second Wave In Ottawa, Toronto, Peel & York Region

Open houses are appointment-only as COVID-19 numbers spike again as of Saturday, October 17. Virtual meetings should be opted for instead.

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Big Bonus Awaiting REALTORⓇ Who Delivers Buyer Of $13.8 Vancouver Condo

Potentially record-breaking $500,000 bonus going to the REALTORⓇ of the buyer of this $13.8 million condo in Vancouver’s Japanese-inspired new development on Alberni Street.

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Are Condo Prices Really Dropping In Downtown Toronto?

As more people continue to work from home, they’re making their way to the region’s suburbs, causing the downtown hub’s condo prices to decrease by 14 per cent compared to this time last year.

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What’s Happening With The Commercial Rent Relief Program In Canada?

As CECRA, which was widely criticized, ended in September, what will the new Canadian Emergency Rent Subsidy bring to the table for tenants struggling to pay rent?

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Looking To Invest In The Square One District Area?

One of the largest mixed-use developments in Canada is currently underway. The Square One District Condominiums are estimated to complete in the summer of 2024 with units in the first tower already up for grabs.

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Canada’s Largest Banks Have Over 500,000 Mortgage Deferrals

75 per cent of Canadian homeowners are struggling to pay their mortgage due to COVID-19 with approximately $1 billion worth of payments being deferred monthly.

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CECRA extended for the last time

The federal government said the program will not last beyond September

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OSFI makes changes to deferral landscape due to improvements in Canadian economy

The regulators says it is shepherding a gradual return to pre-pandemic regulatory policy

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