Finance
Opinion
Op-Ed: The Capital Gains Hike Hurts Private Landlords, Rental Market
The capital gains tax inclusion rate change affects not just developers, but also small, private landlords, writes Macdonald Realty President Jonathan Cooper.
Jul 17, 2024
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
Award-Winning Lakeside Kelowna Mansion Hits Market For $15.9M
The beautiful home at 20-180 Sheerwater Court in Kelowna won the Home of the Year award at the 2023 Okanagan Housing Awards of Excellence.
Finance
Reaching Financial Freedom: How To Leverage Equity For Retirement (Without Debt)
If you're ready to access financial freedom via your home's equity, without taking on debt, a HESA may be just the path you've been waiting for.
Economy
Housing Affordability Will Improve, But Won't Soon Reach Pre-Pandemic Levels: Desjardins
According to a new report from Desjardins, some prospective buyers may find opportunities in late 2024 and early 2025.
Mortgages
“I'm 50/50 At This Point”: Is Another Interest Rate Cut Coming In July?
We spoke to experts from across the industry, including the Chief Economist at BMO, the Chief Market Analyst at TRREB , and the owner of a leading mortgage brokerage to get their forecasts for the July 24 announcement.
Mortgages
Ontario Mortgages In "Severe Delinquency" Top $1B Total For First Time Ever
In Ontario, the total mortgage balance reaching severe delinquency exceeded $1B for the first time.
Finance
Newly Launched Financing Model Makes It Easier To Access Your Home Equity
The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.
Economy
Record-Breaking Population Growth Means More Expensive Homes: Economists
In 2023, Canada saw its highest population growth since 1957. While immigration is vital to the country's vibrant fabric and social and economic health, simply put, more people means more expensive housing.
Taxes
How The Capital Gains Tax Hike Could Affect Real Estate Development
The capital gains tax inclusion rate is set to be increased from 50% to 66.67% on June 25, 2024.
Mortgages
HELOCs, Reverse Mortgages, and HESAs: Which Is Right For You?
Canadian homeowners have Home Equity Lines of Credit (HELOCs), reverse mortgages, and Home Equity Sharing Agreements (HESAs) available to them — but these options aren’t one-size-fits-all.
Mortgages
What The Interest Rate Cut Means For Canadians: Experts
This morning, Canada’s central bank said it would drop its interest rate by 25 basis points to 4.75%.
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