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Average Canadian home now costs more than $500,000, CREA says
Monthly sales data from the Canadian Real Estate Association released Tuesday show the average price of a Canadian home was $503,057 in February. That’s an increase of more than 16 per cent from the same month a year ago.
Canada second only to France in taxing people who make $200,000 a year or more, study finds
Canadians earning more than $200,000 a year will see their federal income tax rate rise to 33 per cent from 22 per cent in 2016. Using the new rate and Ontario’s highest rate of 20.53 per cent, the public think-tank determined Canada’s top, combined personal income tax rate only falls behind France among G7 countries.
Canadian housing markets: Who’s hot and who’s not
On an annual basis, the rise in the national index was the fastest since January, 2012, but, again, driven by Vancouver, as well as Hamilton, Toronto and Victoria.
Forcing banks to shoulder more home mortgage risk still on the table, CMHC says
According to speaking notes posted on the website of the federal housing agency, Siddall told his audience that the CMHC is working with a number of government entities, including the Department of Finance and the Bank of Canada, to examine ways of better distributing risk across the financial system.
Is this the best short-term real estate investment option?
With an average price increase of 8.9% year-over-year in January, Kitchener-Waterloo is a great option for buying and holding. It’s population has also exploded and is expected to do so.
Toronto celebrates new Regent Park centre
Built as part of the Regent Park Revitalization plan, the community centre, which covers 59,000 square feet, features recreation centres, an employment centre and the Nelson Mandela Child Care Centre.
Tougher lending standards coming?
Past bids to cool hot housing markets through mortgage rule tweaking hasn’t worked, according to one economist who suggests the government may look to further tighten the rules.
More and more women joining the real estate market
Recent estimates noted that as much as 25 per cent of home buyers in Canada are women, with approximately 30 per cent of single women and 45 per cent of separated or divorced women having their own homes. This is an unprecedented number of female consumers participating in the real estate market.
5 Home Renovation Tips to Create More Interest among Home Buyers
Here are a few home renovation tips that you should consider before putting your home on the real estate market.
Realty Point Upcoming Seminars
- Saturday, March 19, 2016 – Master Selling Skills
- Saturday, April 2, 2016 – New Agent Orientation Training Seminar
For more information and to register click here.
Location:
Realty Point
240 Duncan Mill Road, 6th Floor, Toronto ON, M3B 3S6
Free Saturday parking on-site.
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