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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

Canada's economy unexpectedly contracted in Q2

This morning's Statistics Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year.

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Barrie seeing surge of secondary suites

The City of Barrie is one of Canada’s most expensive rental markets. PadMapper determined that one- and two-bedroom apartments in Barrie averaged $1,730 and $1,920, respectively, in July.

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Fraser Valley nearly breaks August sales record

The Fraser Valley Real Estate Board says housing supply hit a four-decade low in August, but that did little to curtail voracious demand that resulted in the second highest sales total for the month in the board’s history.

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Is this Canada's top investment market?

Very affordable housing prices and landlord-friendly laws are conspiring to make Edmonton one of Canada’s top investment markets right now, and the city is attracting plenty of attention countrywide.

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Schools are reopening, but are disused facilities prepared?

Post-secondary learning institutions are slated to reopen next week, and it highlights the importance of maintaining facilities during prolonged periods of disuse, like during the pandemic.

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Could housing policy decide the federal election?

Fifty-seven percent of respondents aged 18-34 in a Royal LePage survey said housing policy will influence who they vote for in the federal election on September 20.

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Mortgage originations driving credit market: TransUnion

Canadians piled on the most credit through mortgage originations, which grew by 37.5% year-over-year in the first quarter of 2021, comprising $96 billion of new mortgage debt.

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Real estate industry responds to federal parties

Unsurprisingly, housing has been a hot issue during the federal election campaign, and the real estate industry hasn’t been shy about chiming in.

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Home upgrades to enhance your sale price

There are quite a few upgrades that augment the overall value of a home being readied for sale, and according to realtor Norman Xu, there’s a rule of thumb to remember.

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Federal funds must flow for housing programs

We are in the middle of a housing affordability and supply crisis in Canada, yet the federal government has been dragging its feet on initiatives to increase the supply.

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