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The bottom line is that buying real estate in Canada is very easy. From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that…
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When a non-resident sells Canadian real estate, he/she is required to pay the appropriate amount of taxes on any capital gain. The normal Canadian tax rates will be applied to 50% of the gain. However, a non-resident is required to pay an estimate of the tax before…
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Real Estate News – Brought to you by Ben Officer
Ottawa, ON, July 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month. Highlights: National home sales edged back 0.2% month-over-month (m-o-m) in June. Actual (not seasonally adjusted) activity ticked up 0.3% year-over-year (y-o-y). The number of newly… View More >read more
Here are the June 2019 real estate stats that were just released. These are the 2 clickable links to open the .pdf files: June2019CMAStats June2019YEGStats Homes sold faster and prices ticked higher somewhat, compared to May 2019. Green sheet is Edmonton stats,...read more
NOTE: The Alberta Government has postponed these changes to January 01, 2020:...read more