Ottawa has announced plans to curb income tax deductions for short term rental property owners as part of a push to get these properties back on the rental market. We asked several Airbnb hosts h…
Tag: housing market
Only consolation for homeowners who lost thousands from housing market cooling is the millions they’ve already made
OTTAWA – An Ottawa family is packing up their belongings and moving to what they hope will be their “forever home,” but they’ll be bringing a slightly smaller pile of cash…
Economists worry sanctions on Russian Oligarchs may depress housing market to point where Canadians can afford to buy homes again
TORONTO – As Canada continues to impose sanctions on the Russian Oligarchs who prop up both the Putin regime and our overinflated housing market, economists warn this may cause a real estat…
REPORT: Experts warn Canada’s bouncy housing market dangerously overinflated
VANCOUVER – After a record-shattering March, experts are warning that the asset valuation of Canadian bouncy property may be drastically overblown, to the point where many young Canadians w…
Vancouver attempts to lower housing prices with series of neighbourhood dejuvenation projects
VANCOUVER – After years of struggling with an inflated market, Vancouver is taking drastic measures by using a campaign of dejuvenation projects to decrease housing prices in the city’s mos…
BC government agrees to reclassify farmland as residential if residents agree to be reclassified as food
VICTORIA – In the midst of skyrocketing real estate and land prices, the government of British Columbia has decided to rezone several agricultural blocks of land as residential but has stip…
Realtors warn that if housing market collapses everyone could one day afford house
TORONTO – After a nearly 30% decline in value, realtors across Toronto are concerned that if the market continues to falter someday in the near future everyone could afford a house. “I don’…
Ontario Liberals combat housing crisis by adding 58 storey condo to Queen’s Park
TORONTO – As part of its plan to open up provincial lands for the development of affordable housing, the Ontario government announced today that the 58 storey condominium they added to the …