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Rural-based Realtors shouldn’t rejoice too soon – last year’s 15.1 per cent increase in farm real estate values reported by Statistics Canada isn’t likely to be repeated in 2014, according to one farm real estate expert.
On Tuesday, REP brought you part one in a series on the hidden costs of cottage investment, specifically related to tax implications. Now, Christine Van Cauwenberghe, the assistant vice-president of tax and estate planning at Investors Group, identifies other expenses for cottage owners and investors to consider before heading into the hinterland.
National housing sales in May increased nearly six per cent over sales in April, largely due to the harsh Canadian winter that delayed the spring season, the Canadian Real Estate Association (CREA) reports.
The Canadian Real Estate Association (CREA) may have predicted a soft June market – at least compared to strong sales in May – but a report from the Toronto Real Estate Board (TREB) is showing the opposite, with increased listings and sales in the first two weeks of the month.
An increasing number of Canadians are now passing family cottages on to children. But there are several challenges associated with cottage ownership that aren’t all sunshine and canoe trips, warn experts.
A particularly bleak winter season may have deferred many house purchases, but the warming market and the still-low mortgage rates have prompted the Canadian Real Estate Association (CREA) to essentially maintain its earlier housing forecast for 2014.
Missing paperwork and tardy replies are becoming more common and Realtors are in danger of losing clients – especially property investors – because of it.
Good news for agents with investor clients in western Canada: the vacancy rate in Canmore, Alta., has dropped to zero per cent.
Mortgage rates are getting even lower, as Bank of Nova Scotia becomes the latest lender to push the envelope, offering a five-year fixed rate of 2.97 per cent.
Condos that investors rent out privately are adding to Canada’s shortage of affordable housing, according to a report by the Organization for Economic Co-operation and Development (OECD).
Global real estate brand continues Canadian expansion with its first Whistler brokerage
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