We have assembled a collection of thought provoking articles, reports, surveys, industry information, and other interesting content for your enjoyment.
by Yvonne von Jena | March 13, 2018
The B.C. budget is introducing two new major taxes on real estate. One is a so-called “speculation tax” that will apply to an estimated 15,000 homes, which mostly targets people who do not pay income tax in the province. The other, billed as a “new tax on luxury homes”, will apply to almost 43,000 homes.
by Yvonne von Jena | February 21, 2018
The provincial government in British Columbia unveiled its 2018 budget, announcing that the 15% tax on foreign buyers will increase to 20% and will be expanded beyond Metro Vancouver. It also will bring in new, concrete measures to "close the loopholes" that allow private lenders connected to launder money.
by Yvonne von Jena | February 12, 2018
In a recent interview with BNN, Evan Siddall, CMHC’s CEO, spoke about how the mortgage rules have affected markets and why he's worried about a rising affordability gap. He told BNN, “Unfortunately, there is a disproportionate effect on a certain generation: young people.”
by Yvonne von Jena | February 8, 2018
High-rise apartments are perhaps one of the most noticeable symbols of urban intensification. The Canadian numbers bear this out. The top 3 are Toronto, London, and Vancouver.
by Yvonne von Jena | February 5, 2018
Quebec’s regulator, the Autorité des marchés financiers (AMF), could apply the same stress testing and mortgage rules to credit unions in its province, as was recently applied to Canada’s big banks by their regulator. Per Reuters, the country’s other provinces with strong property markets (that is, Ontario and British Columbia) are split on whether to require such tougher stress tests for the institutions they regulate.
by Yvonne von Jena | January 23, 2018
The US real estate magazine Inman, recently published an article entitled Piecing together the future: A click-to-buy real estate world. The author, Brad Inman, essentially pieces together what he thinks the US real estate industry might look like in the coming years and the impact it will have on realtors. Summing it up, he says. “I am certain the industry is morphing, quite fundamentally, and not around the edges.”
by Yvonne von Jena | January 11, 2018
OSFI has announced that it will be introducing higher capital requirements for Canadian FIs under Basel 3.
by Yvonne von Jena | January 10, 2018
TORONTO, January 10, 2018—Royal LePage released their fourth quarter House Price Survey. The firm is coining 2017 as ‘the year of the condo’ due to the fact that, according to the Royal LePage National House Price Composite, condominium prices appreciated at the fastest rate of all housing types.