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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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This investor has 725 doors

Andrew Brennan has been an investor since 2008 and today has about 725 doors. The trick, he says, is to build a portfolio in the multifamily sector because commercial mortgages are much easier to obtain than residential mortgages.

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Royal LePage study says owning has more benefits than renting

A new study from Royal LePage has found that homeowners who can afford 20% down payments are much better off in the long run than renters.

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Despite lots of new construction, general costs have spiked

Housing starts in Canada are the highest they’ve been since the 1970s but that isn’t the case in Toronto, where scarce supply is causing home prices to surge.

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Vancouver has critical shortage of industrial space

The industrial vacancy rate in Vancouver has dropped to 0.6% and, unsurprisingly, it’s driving up prices.

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Canada’s housing sector is highly vulnerable: CMHC

Canada’s housing market entered a high degree of vulnerability in the second quarter, says the Canada Mortgage and Housing Corporation.

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Avoid cross-border investment pitfalls

Canadians investing in U.S. real estate might have the right idea, but they’re prone to errors, says a Florida-based expert.

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Detached home sales catch fire in Calgary

The Calgary Real Estate Board’s (CREB) latest statistics revealed the city’s housing market had a strong, if balanced, August, with detached homes leading the way.

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Downtown Hamilton brims with multifamily sector prospects

Hamilton’s smaller multifamily dwellings are still commanding strong rents, but they’re flat in the city’s taller apartment buildings, says a local investor.

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80% of luxury buyers are millennials: Engel & Völkers

Millennials, entering their peak years, and are slated to comprise 80% of North American luxury home purchasers in 2021 and 2022, says a new report from Engel & Völkers.

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Action needed to solve the housing crisis

We are in the middle of a housing crisis, plain and simple, because demand is outpacing supply and, consequently, we’re seeing some very dramatic spikes for the price of homes.

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