A new survey by Habitat for Humanity found housing affordability tops the list among Canadians when it comes to making their lives better.
Read more: https://bit.ly/3ECJsaK
Category Archives: Canada
The CRA is already challenging real estate transactions ahead of new anti-flipping rules
Canada’s new anti-flipping rules for residential real estate are scheduled to come into force on Jan. 1, 2023, and are designed to “reduce speculative demand in the market place and help to cool excessive price growth.”
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Banks seek workarounds to avoid mortgage default for struggling variable-rate borrowers
Canadian banks are attempting to ease the burden on homeowners who can’t keep up with the rapid rise in interest rates by extending mortgage amortizations and, in some cases, adding unpaid amounts onto the loan principal, tools that can stave off default in the short term but that may come with longer-term consequences.
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The speedier evolution of rental disputes arrives with more government funding
Accessing justice for tenants and landlords is coming by way of a hiring spree and the funds to do so.
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Strata groups pan province’s plan to lift rental restrictions
Rules restricting 55-plus and short-term rentals will be left alone if they are already in a strata’s bylaws.
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Posthaste: Why one of Tiff Macklem’s biggest critics is worried he won’t hike rates high enough
Bank of Nova Scotia economist Derek Holt is one the Bank of Canada’s loudest critics on Bay Street. Holt bayed angrily when governor Tiff Macklem opted against raising interest rates in January, rightly so in retrospect, as Macklem later conceded that he probably should have moved against inflation sooner.
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Draft proposes 6.2 per cent property tax increase in Nanaimo
Nanaimo’s preliminary budget for next year proposes a property tax lift of 6.2 per cent.
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Yellowknife to get 3 new rental apartment buildings, says developer
Yellowknife is set to get three new rental apartment buildings in the next few years, according to a developer behind the projects.
Read more: https://yhoo.it/3EYcHGb
Canadian oilpatch expects 15% increase in wells drilled next year
As a strong year for the oilfield services sector wraps up, the Canadian oilpatch is expecting a brighter outlook — and a 15 per cent jump in drilling activity — in 2023.
Read more: https://bit.ly/3AIWVwr
Canada’s economy quickens in October, upending forecasts for tepid growth
Canada’s economy recorded a flurry of activity last month, according to preliminary data, potentially casting doubt over the extent of an expected slowdown in the fourth quarter.
Read more: https://bit.ly/3XqP9AX