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Is bureaucracy responsible for housing affordability woes?

Housing is top of mind for Canadians with the federal election less than a week away, but unless political parties cut the red tape responsible for the chronic undersupply of housing in key markets, the affordability woes will persist.

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Boutique condo hosting RSVP-only event this Saturday

Riverwalk Niagara is hosting an RSVP-only event this Saturday at the Scotiabank Convention Centre in Niagara Falls where attendees can benefit from an incentive-laden package.

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Investors, take note: Calgary needs more secondary suites

Homes with illegal secondary suites have proliferated in Calgary during the last few decades, but with the city ready to crack down in January, investors need to know how to be on the right side of these changes.

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News

Investors should be wary of rising building costs

CREA reported a 38% year-over-year increase in housing prices in May mainly due to supply and demand issues, and the rise of material and labour costs.

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Canada's jobs recovery resumed in June as lockdown began to ease

Restrictions are expected to continue easing through the summer, which should mean more solid gains over the next couple of months. Here's where the bulk of job gains were seen.

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Webinar will explore how to flip assignments properly

Ryan Coyle, a seasoned investor and co-founder of Connect.ca Realty, will be hosting a webinar on July 22 from 2-3 PM to discuss the benefits flipping condo assignments holds for investors.

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How to capitalize on single-family investment properties

According to this real estate broker and university instructor, investors who can secure single-family investment properties outside of the MLS will have a better time carrying it.

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Canadian investors bullish on U.S. multifamily market

Canada comprised 32% of international investment in the U.S. between the first quarters of 2020 and 2021, the largest share of any country according to a new report by Marcus & Millichap.

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Canada’s luxury market sales robust in first half of 2021

The Greater Toronto Area’s luxury market outperformed all others in the country during H1-2021, with sales over $4 million surging by 276% year-over-year.

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Is it time to openly embrace housing auctions?

“Unfortunately, for too many, the current real estate market is a frustrating game of musical chairs, with more and more people circling a fewer amount of chairs,” said OREA’s CEO Tim Hudak.

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Calgary’s commercial market rebounded in Q1

Buoyed by marked increases of first dose vaccinations throughout the province, there were 162 transactions in Calgary’s commercial real estate market in Q1-2021 (a 22% year-over-year increase).

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The lowest mortgage rate in Canada’s history is here

CanWise Financial is offering a 0.98% five-year variable rate mortgage that’s being made available to homebuyers who have less than 20% for their down payments.

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Expect persistent erosion of housing affordability: RBC

RBC is expecting the condo market to see an affordability issue as the demand for housing continues, even in smaller cities and rural areas. Here's what else they're saying.

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