Canadian real estate investors expecting lower rates aren’t the only ones who got good news yesterday. Statistics Canada (Stat Can) data shows the rent component of the Consumer Price Index (CPI) slowed sharply in April. In a research note to investors, BMO explained the monthly move wasn’t the only data point to indicate a slowdown […]
Canada made yet another material misrepresentation of the facts when pitching higher taxation. After experiencing sharp criticism regarding the data and statements used to justify an increase in capital gains taxation, the Liberal Party of Canada (LPC) is doubling down. In a new video delivering the “facts” on the capital gains issue, the party’s leader […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Capital Gains Change Targets Boomers More Than The Rich Canada’s Budget 2024 includes measures sold as a way to target the rich, but that may not be the case. The budget proposes raising the capital gains inclusion by 50%, with the […]
Canada’s largest provincial economy is unlikely to be the driver of an economic boom any time soon. The Financial Accountability Office (FAO) of Ontario released its economic and budget outlook for 2024, and it was not very rosy. The non-partisan government agency, tasked with providing the public with independent analysis and forecasts of the economy, […]
Canadian renters are getting a rough introduction to the country’s foreign investor problem. The Canada Revenue Agency (CRA) just informed tenants they’re on the hook for any unpaid taxes their non-resident landlord may owe. In a bizarre decision, the nation’s tax authority is telling tenants who pay rent to non-resident landlords to withhold a portion […]
Canadian real estate prices are starting to perk up after a mild correction, but still have a ways to go. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark, or typical, home climbed in April. However, the mild increase wasn’t as notable as the continued sideways trend of home prices. Buyers […]
Canadian policy makers claim they’re cracking down on the rich, but they know it’s not the case. Budget 2024 will raise the capital gains tax, stating only a small number of the wealthiest taxpayers will be impacted. Statistics Canada (Stat Can) data provided to policymakers shows that’s not the case, impacting 7x the number implied. […]
The Canadian economy surprised with huge job gains last week. Statistics Canada (Stat Can) data shows tens-of-thousands of jobs were added in April. Despite a near-record gain, BMO warned investors the market isn’t as healthy as it sounds. Canada’s booming population growth meant the job gains failed to meet minimum requirements. As a result, the […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bubble Contagion? Eastern Canada Home Prices Retain The Frothiest Growth Canadian real estate prices surged after rate cuts in 2020, and began correcting after rate hikes in 2022. Eastern Canada, where home prices saw the sharpest growth, didn’t follow the same trajectory […]
Canada found the solution to making study permits coveted again—imposing limits. After applications slowed and the housing crisis intensified, Immigration Refugees and Citizenship Canada (IRCC) announced it would tighten its study permit process. Shortly afterwards, application volumes surged, with the current year on track to be the busiest ever. Just the first two months of […]
