Category: alberta
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Canadian Airbnb Hosts Could Owe Thousands in HST When Selling Their Homes | 2025 Update
If you’re a Canadian homeowner using Airbnb, Vrbo, or other short-term rental platforms, you could be facing a massive tax bill when it comes time to sell your property. A ruling from the Tax Court of Canada confirms that homeowners who frequently rent out their properties for short stays may now owe 13% HST on…
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The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in high-cost markets. If you’re feeling overwhelmed by real estate…
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Vancouver’s Rental Market Shifts: One of the City’s Largest Purpose-Built Projects Seeks Tenants
The completion of Signal, one of Vancouver’s largest purpose-built rental projects, marks a rare moment of opportunity for renters in the city’s notoriously tight housing market. But experts warn this supply surge may not last long. Developed by Intracorp Homes and Oxford Properties, the project includes two towers- 27 and 32 storeys- delivering over 500…
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Alberta Tax Savings to Start in July 2025 Under New Income Bracket Shift
Starting next month, around two million Albertans will begin to see the effects of a new personal income tax system that the Alberta government says will help families better manage rising living costs. The new tax structure includes the introduction of an 8% tax bracket on the first $60,000 of income, which will not only…
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Canadians Are Spending Less Time With Friends – Especially Working Adults, Says StatCan
A new report from Statistics Canada reveals a concerning trend in Canadian social life: face-to-face friendships are declining, particularly among working-age adults. In 2022, only 19.3% of Canadians reported seeing friends on an average day, compared to 47.9% in 1986. The most dramatic drop occurred among those aged 25 to 64, whose likelihood of seeing a friend fell from 42% to just 14% over…
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Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
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One-Third of Canadian Renters Say They Don’t Plan to Buy a Home
As affordability trends begin to shift slightly in Canada’s housing market, a significant number of renters remain hesitant, or straight up uninterested, in making the leap to homeownership. According to Royal LePage’s 2025 Canadian Renters Report, approximately one-third of renters across the country have no plans to purchase a home. While falling rents and softer…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Calgary Still Short 42,000 Homes Despite Record-Breaking Construction Efforts
Calgary may be leading Canada in housing starts, but it’s still nowhere near closing its housing gap. According to the city’s chief housing officer Reid Hendry, Calgary is on track to be short 42,000 housing units by the end of 2025, despite building more new homes than ever before. The update comes from Hendry’s latest…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
Canada Housing Market 