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
Canada Mortgage and Housing Corp. says the spread of affordability issues to real estate markets beyond Vancouver and Toronto will lead it to issue its first “red” warning for the national housing market. “CMHC has recently observed spillover effects from Vancouver and Toronto into nearby markets,” the federal Crown corporation’s president and CEO Evan Siddall said in a column published in the Globe
