Despite the new rule only coming into effect in 2023, the CRA somehow took the position that it would RETROACTIVELY target this sale that happened in 2016! 😲🕰️ Despite the new rule only coming into effect in 2023, the CRA somehow took the position that it would RETROACTIVELY target this sale that happened in 2016!…
Read MoreMoving onto the comprehensive market update,we’ve got plenty to discuss, so let’s get started! This May marks a shift in momentum for sale prices, with the Housing Price Index (HPI) decreasing in Detached & Attached homes (including houses, townhomes, and condos) after three months of continuous price increases. Sellers might feel concerned (and understandably so), but there’s…
Read MoreHistoric Church ⛪ Facing Bulldozer for Luxury Housing?! 🏛️😢 This 1927 Presbyterian Church ⛪ in West Point Grey is slated for demolition to make way for new housing developments🏗️🏡. Listed by Colliers for a whopping $10 Million 💰, the fate of this architectural gem hangs in the balance. And with its prime location in one…
Read MoreCANADIAN DEBT = $2,920,000,000,000 !!! Canadians owe nearly 3 Trillion Dollars in debt, topping 130% of our GDP! 💸💸💸 While Canadians have stopped borrowing as much, now that rates are SKY HIGH, we still accumulated a whopping amount of debt, especially over the past 4 years! 😱💰 To put it in perspective, from March 2020…
Read More📈Fixed Rates To Reach New Peak?! With Surging Bond Yields reaching their PEAK for 2024, we’re likely to see fixed rates get pushed up yet again this year! This is definitely not the news most of us want to hear right now, that’s for sure. 💸💥📈 On the variable side, many in the forward rate…
Read More🚨 A Montréal Tenant was just ordered to pay 6 years of withholding tax because his landlord apparently was a NON resident! 😱 The landlord had failed to pay their 25% withholding tax to the CRA so after the CRA couldn’t collect overseas they instead in a totally unprecedented move went directly after the…
Read MoreWould you buy property with 12 total strangers to hack the cost of housing? 🏡 🟢 One lady in North Vancouver did exactly that. Heidi Woodley had a dream to own a cottage in Horseshoe Bay, one of Canada’s priciest areas. 🟠 Oddly enough, a property with EIGHT cottages came up for sale at $3.8…
Read More🔴 You need to earn a whopping $230,000 per year to buy the AVERAGE home in Vancouver, according to ratehub.ca. 💰🏡 This income is based on the average home in Vancouver being $1,183,300. Do you want to know what you’d have to earn to buy the average DETACHED house, valued at $1,972,400? It’s, for lack…
Read More📊 Stats Canada just released new data that shows for the first time in over a decade, More people left BC than those who moved to the province. In 2023 Alberta received a surge of interprovincial migration, gaining over 55,000 new residents, with nowhere else even coming close. In that same year, BC LOST almost…
Read MoreHe claims will help protect renters from being taken advantage of by their landlords. 💥 He wants to nationalize lease agreements and create a law requiring landlords disclose the rental rate history to potential tenants. Trudeau claims that this will be really helpful for renters to negotiate their new rent with their landlords. 💼📜 He…
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