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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

This is yet another pandemic-driven housing trend

The pandemic has catalyzed a lot of real estate trends, one of the lesser known of which is multigenerational living in luxury abodes. Three generations are the most common in Sino- and Indo-Canadian communities.

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Why don’t insurance companies discount green upgrades?

Green home upgrades are growing in popularity, but anyone expecting a break on their home insurance premiums as a result might have to hold their breath a little longer.

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OREA slams Liberal Party for election pledge

The Liberal Party of Canada’s election promise to end blind bidding is being excoriated by OREA which accused the sitting government of trying to “criminalize the ability for hardworking Canadians to choose how to sell their homes.”

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Would NDP’s 30-year amortization help housing affordability?

With the federal election looming on September 20, the NDP have proposed reintroducing a 30-year amortization on high-ratio mortgages, but the president of Mortgage Architects has an even more radical idea.

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This Toronto neighbourhood is a known flood zone

Shamil Shamilov and his wife lived in Toronto’s Midtown neighbourhood a few years ago where houses and the city’s infrastructure are older and where the couple experienced two ghastly floods.

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Detached homes cost $1 million in 54 of 60 TRREB areas

Out of 60 areas covered by the Toronto Regional Real Estate Board, only six had detached homes priced below $1 million, according to an analysis by RE/MAX.

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Canadian inflation hits highest reading in two decades

Canadian inflation picked up sharply in July, rising to its highest level in 20 years. This morning's Statistics Canada release showed that the consumer price index surged to a 3.7% year-over-year pace.

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There’s more to an investment property than its cap rate

Real estate investors often think that cap rates alone are the greatest determinant of a prospective property’s value, but that isn’t the case.

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The slowdown in Canadian housing continued in July

Existing home sales fell 3.5% on a month-over-month basis in July, marking the smallest of the four consecutive declines since March. Today, CREA released statistics.

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Blockchain, tokenization converge on global property market

According to a report from Moore Global, blockchain tokenization has emerged as a megatrend in international real estate and is being taken to a whole new level.

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