Canada’s largest bank might be your landlord in the not-so-distant future… if they aren’t already, at this point. The RBC Global Asset Management (GAM) Canadian Core Real Estate Fund entered into an agreement to buy half of a real estate portfolio from Quadreal this week. The deal comes as more investors are crowded out of […]
One of Canada’s top issues this election is housing, and as usual, we’ve been getting a lot of questions by email. Instead of answering each email individually, we’re going to cover what feels like our regular election platform breakdowns. In separate pieces, we’ll drop an unbiased look at the policies promised, and the intended (or […]
Greater Toronto and Vancouver real estate price growth further decelerated last month. Both boards reported the rate of annual growth fell in August. Surprisingly low inventory, typical during election periods, helped to firm prices though. It may even be enough to return the trend to growth this month. At least for the near-term. Greater Toronto […]
Canadian real estate agents and brokerages are accused of working against their clients. Not by some rando either, but the claims came from the Real Estate Council of Ontario (RECO). The provincial regulator wrote the industry to explain they found clients were directed based on commissions. This tactic means some buyers may have bought real […]
Canadian real estate and capital gains taxes are once again in the spotlight. This week the NDP’s Jagmeet Singh promised to crack down on “big money” house flippers. This strategy largely involves hitting them with a 75 percent capital gains rate. Owners feel this will unfairly target them. Supporters think this will encourage more productive […]
Canadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP journalist Ian Young about the report in 2016. He waited half a decade for […]
Prime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s election kicked off, everyone’s been arguing about housing. More specifically, […]
The Canadian election is ramping up, and housing is becoming the hot button issue. Media pundits have been claiming it’s a relatively small issue, that just happens to be very loud these days. Crunching the numbers for eligible voters in BC and Ontario, that doesn’t appear to be the case. The majority of eligible voters […]
One of Canada’s largest real estate associations was less polished than usual.. Earlier today, the ruling Liberal Party of Canada (Liberals) announced their housing platform for the election. Amongst the new proposed tools to tackle soaring home prices was a ban on blind-bidding. The Ontario Real Estate Association (OREA), a lobby group for Realtors in […]
Foreign speculators looking to buy a home in Canada might encounter a few hiccups in the next few years. The country is in the middle of a snap election, and housing is the hot topic — especially foreign ownership. Just this morning, the ruling Liberal Party announced they would ban non-resident buyers. This is the […]
