Year: 2024
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Investors Account for 25% of B.C. Homebuyers: A New StatsCan Analysis
Real estate investors made up approximately one-quarter of homebuyers in British Columbia between 2018 and 2020, according to a newly released analysis by Statistics Canada. This data highlights the significant role investors play in B.C.’s real estate market, particularly in major metropolitan areas like Vancouver, Kelowna, and Victoria. Key Insights from the Statistics Canada Report…
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Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
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Average Home Prices in Canada Expected to Increase by 5% in 2025
Canada’s housing market is set for a price surge in 2025, with national average home prices predicted to rise by 5%, according to Re/Max Canada’s 2025 Housing Market Outlook Report. Limited inventory and growing demand, fueled by interest rate cuts and improved consumer confidence, are expected to drive the increase. What’s Driving the Price Increase?…
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Ontario to match GST holiday by removing provincial sales tax on some items
The Ontario government has announced it will match the federal government’s two-month GST holiday by temporarily removing the provincial sales tax (PST) from a range of items not currently covered by provincial rebates. Ontario Finance Minister Peter Bethlenfalvy’s office stated that the move will provide “nearly $1 billion in additional relief for Ontario families” and…
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A Peek Inside This Spacious Mid-Century Modern Home Near Belleville
If you’re looking for a spacious and unique family home with timeless style, this mid-century modern property near Belleville has plenty to offer. Sitting on a peaceful 2-acre lot, this 4-bedroom, 4-bathroom home combines privacy, functionality, and classic design. Listed at $1,195,000, it’s an excellent option for those who value space and character. A Home…
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Federal Government Announces Two-Month GST Holiday to Address Economic “Vibecession”
Canada’s federal government is rolling out a temporary GST holiday to address what Deputy Prime Minister and Minister of Finance Chrystia Freeland has called a “vibecession.” This two-month tax break aims to ease the financial strain on Canadians while boosting consumer confidence. Starting December 14, the goods and services tax (GST) will be removed from…
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Here’s the Income Bracket You Need to Afford a Home in Major Canadian Cities
Canada’s housing market is one of the priciest in the world, leaving many wondering: How much do I need to earn to afford a home in cities like Toronto, Vancouver, or Calgary? The good news? Dropping mortgage rates, higher inventory, and flexible sellers are making homes slightly more accessible. The bad news? Prices in most…
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Luxurious Toronto Bridle Path Mansion Just Listed for $16.5M
If you’ve ever wanted to be Drake’s neighbor, here’s your chance. Nestled in Toronto’s exclusive Bridle Path neighborhood, 15 Tudor Gate is a $16.5M modern masterpiece that epitomizes luxury living. Built by the renowned Rose Park Developments, this stunning home boasts impeccable design, functionality, and breathtaking views of the Canadian Film Institute, making it a…
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Canada’s Inflation Rate Rises to 2% in October, Lowering Likelihood for Large Rate Cuts
Canada’s inflation rate unexpectedly climbed back to 2.0% in October 2024, driven by a smaller decline in gasoline prices and rising grocery costs. This marks the first increase in the annual inflation rate since May, aligning with the Bank of Canada’s forecasts and curbing market expectations for a significant rate cut next month. The news…
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How Much You Need to Earn to Afford Rent in Toronto vs. GTA Suburbs Right Now
If you’re planning to move to Toronto or the surrounding suburbs, understanding rental costs is crucial. The November 2024 rent report by liv.rent shows interesting trends, including a drop in Downtown Toronto rent prices for the fifth consecutive month. Surprisingly, Markham has overtaken Toronto as the most expensive spot for rent in the GTA. Highlights…
Canada Housing Market 