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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

Competition for low-rise rentals in GTA sparks bidding wars

Parsimonious rental data in the GTA makes tracking hotspots difficult, but stories about leasing bidding wars are commonplace and, according to the president of RESCON.

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Toronto’s C2K initiative is a step in the right direction

We are in the middle of a housing crisis here in the GTA and across Ontario—and Canada for that matter. The cost of building new homes continues to rise. The situation is dire and hampering our economic growth.

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Why real estate investors shouldn’t worry about inflation

Rising inflation is a growing concern, but real estate investors can rest assured that their investments are, at least for the time being, inflation-proof.

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This neighbourhood is Hamilton’s next hot spot

In the coming years, the neighbourhood will also be home to new residential development, including Waterfront Shores, a condominium development that promises waterfront views and proximity to McMaster University.

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Small Canadian cities emerge as luxury market hot spots

“The premium markets in cities like Toronto, Montreal and Vancouver will continue to command international interest, but Halifax and Ottawa are premium markets to watch,” said Anthony Hitt.

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Office leasing improved in Q2: Morguard

Although still early, activity in the office sector has been positive. In Q2, private sector office tenants started making long-term premises decisions, demand for sublease space, especially if furnished, increased for the first time in a year

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Investment-motivated buyers acquiring Cayman Islands real estate

Mortgages on Canadian investment properties are becoming difficult to carry using rental income alone, prompting some real estate investors to look at international property markets.

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Experts at finding private lending solutions

Investors with too many doors sometimes do themselves a disservice when they try expanding their portfolios because lenders typically only look at their income, but not Freedom Capital.

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Bidding wars are back for condos listed in desirable areas

“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year."

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What working from home means for downtown real estate

“Not everybody is going to go back to the office. Even if only 25% of the working population worked from home on a regular basis, that has a significant impact on what’s going to happen in some of the core centres,”

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