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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

Liberal Party appoints designated minister to tackle housing crisis

The Liberal Party of Canada has taken a significant step in recognizing and combating the Canadian housing crisis by creating a new cabinet role, that of the Minister of Housing.

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One in four Ontario property buyers are investors with multiple properties

Teranet released data that revealed that multi-property owners are the largest single buyer category in Ontario.

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Pushback against plans for more housing in the GTA is unacceptable

We’re in desperate need of housing in the GTA. Yet, developers still face roadblocks when they try to take action to boost supply.

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Lumber prices: Canada forecasted for a calmer market in 2022

Prices of lumber skyrocketed to never before seen heights in the past year as the supply chain suffered the effects of the ongoing COVID-19 pandemic.

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Mortgage arrears Canada

Prices on many things have gone up and some are now being forced to go into arrears on their mortgage. But after an explosion of mortgage arrears, things are starting to look better.

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Presentation will teach some of the secrets to raising capital

A presentation will be hosted on Wed. Nov. 3 at 7 p.m. to discuss ways real estate investors can raise capital and finance all of their deals without spending their own money.

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Study estimates over 1,340,000 empty homes in Canada

A study released this week found that in Canada in 2020, there were up to 1,340,364 vacant homes, comprising 8.7% of all homes in the country.

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Mortgage rate forecast: Canada on track for higher rates in 2022

Mortgage interest rates are a huge factor in a real estate investment and can take some work (and some luck) to ensure you get the best interest rate available to you.

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When will the Vancouver real estate bubble burst, if at all?

Vancouver received a top 10 ranking in a global assessment of the worst real estate housing bubbles in the world. It seems Vancouver is currently in a questionable spot.

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1-year in, realtors are fast adopters of PRECs

A year after realtors in Ontario were permitted to create personal real estate corporations (PERCs), uptake has been significantly higher than expected, says their provincial trade association.

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