Don’t let a vacation property dream become a tax nightmare

Make sure clients look into foreign property ownership restrictions and taxes, the political climate and the process for buying and selling real estate. … In addition to exchange rates, clients should consider currency restrictions once they sell the property and try to bring the proceeds back to Canada.
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Rising interest rates, inflation to cause more volatility in 2018

Canada's economic boom in 2017 surprised economists and supported strong labour numbers. Yet, inflation also … Another issue to consider is real estate markets remaining overpriced “not just in Canada, but also in Sweden, Australia and Norway,” says de la Durantaye. As interest rates rise, this …
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Halifax 4th in ranking of millennial hot spots

In a recent study of millennial preferences by self-described international real estate search portal Point2Homes, Halifax comes in fourth place among the hottest cities for millennials in 2018. The Point2Homes analysts investigated the 85 largest Canadian cities and went through nine criteria for each: …
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Former Member Of Rock Band The Ataris Charged In $27-Million Real Estate Scam

A rock musician has been charged with running a telemarketing real estate scam that netted $27 million in seven years. People reports Michael Davenport, currently a member of Versus The World, and formerly a bassist for The Ataris, was indicted last month on charges of conspiracy to commit fraud, …
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Kingston makes top-10 list of best places for millennials to live

According to a new ranking by real estate portal Point2 Homes, Kingston is the eighth best city in Canada for millennials to live. The survey looked at the country's 85 largest municipalities. In addition to home affordability, Point2 Homes also looked at eight other criteria including incomes, health care, the …
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What to Consider Before Making a Real Estate Investment

The Ontario Securities Commission's Investor Office has developed a multimedia feature article to help investors better understand investing in real estate. There are many ways people can invest in the real estate market without buying and maintaining properties on their own. But while real estate can …
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Bank of Canada hikes interest rate again, but warns of NAFTA fallout

Canada's economy, which remains highly dependent on debt-fuelled spending and real estate activity, could be upended as interest rates move higher, argued David Madani, an economist at Capital Economics in Toronto. He said the Bank of Canada is underestimating the hit to borrowers from higher …
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