Taxes
Real Estate News
Removing GST On Rental Builds ‘No Silver Bullet’ For Affordability: Economists
“While the removal of GST on rental construction projects will improve their financial viability — and with it, hopefully spur more development — it isn’t likely to lower rents in short order,” says one economist.
Sep 18, 2023
Money
Important Details Emerge In Feds' Removal Of GST On New Rentals
The Government of Canada announced they would be eliminating the GST on new rental construction yesterday, but did not publish the fine print until hours later.
Money
“It Will Move The Needle”: The Industry Reacts To Feds Removal Of GST On New Rentals
For years, the real estate development industry has identified GST as a simple change that would go a long way towards helping rental development.
Taxes
What Eliminating GST For Rental Projects Could Do For The Housing Crisis
In the midst of Canada's housing shortage, developers, economists, and politicians alike have called for the federal government to ditch — or substantially reduce — the GST payments required on rental housing as a way to make purpose-built rentals more attractive to builders.
Expert: Interest Rates Are Putting The Brakes On Buying
"We aren't quite out of the woods when it comes to further rate hikes, as frustrating as that may be."
Real Estate News
Amid Calls For Review, MPAC Maintains Assessment Process Is "Transparent And Fair"
The Municipal Property Assessment Corporation says its process is "transparent and fair," amidst calls for an independent review.
Taxes
The Canadian Cities With The Highest And Lowest Property Tax Rates
Residential property taxes depend on a home's assessed value and the city's tax rate, resulting in wildly different costs across Canada.
Real Estate News
REBGV's Andrew Lis On Overhauling The Property Transfer Tax, Dangers Of A Flipping Tax
The Property Transfer Tax has been around in British Columbia since 1987 and was intended to affect a small amount of wealthy homebuyers.
Taxes
BC Gov Expands Speculation and Vacancy Tax to New Areas
On Friday, the Province of BC announced that it was expanding the Speculation and Vacancy Tax (SVT) to Squamish, Lions Bay, Duncan, and more.
Taxes
Here’s Where You Can Find The Lowest Property Tax Rates In The GTA
A new report from Zoocasa examines where property owners face the highest and lowest property tax rates in the GTA.
Taxes
Toronto's Largest Property Tax Debtors Owe The City Nearly $40M
Twenty-six corporately and individually-owned properties in the City of Toronto are in arrears greater than $500K.
Taxes
Own Property? Here’s What You Need to Know About Filing Your Taxes This Year
A financial planner and tax expert discuss considerations for primary and income property owners to keep in mind when filing taxes.
Toronto
Toronto May Hike Property Taxes, Cut Services Without Federal Budget Support
Without funding from the federal government, Toronto may remedy its operating budget shortfalls through property tax hikes and service cuts.
Taxes
Here's How Much 10 BC Municipalities Are Raising Property Taxes This Year
Depending on where you live in BC, you may have it better than others when it comes to property taxes in 2023. Or worse.
Load more