For many young professionals chasing the dream of home ownership, “I’ll be renting forever” is a common lament as real estate prices in hotspots like Toronto and Vancouver remain sky-high. But even with good jobs and decent incomes, some 20- and 30-somethings are realizing that renting an apartment or condo is no easy task in these enormously competitive housing markets. “It’s impossible —
Despite drops in sales and prices in Vancouver, a national report has just named the city as the top Canadian real estate market to watch in 2017 and millennials are playing a large part in that. Emerging Trends in Real Estate 2017 suggests investors are continuing to shift from residential to mixed-use projects that combine
The Canada Revenue Agency’s crackdown on tax fraud in the overheated real estate markets of Ontario and British Columbia is bearing fruit, with auditors recovering $240-million in unpaid taxes and $12.5-million in additional penalties over the past 18 months, new figures show. The money is being recovered as auditors focus on several issues identified in
