The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...
The Canadian government has announced the investment of over $81.5 million through the Apartment Construction Loan Program for the creation of 159 new rental units in Toronto. The nine-story development at 3101 Bathurst Street Vivant at Bedford Park will be developed...
Dubai’s real estate brokers generated 42,181 transactions during the first half of the year, resulting in commission values of roughly $8.8 billion – a 99% growth rate from the $879 million during the same period in 2024. According to data from the Dubai government,...
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 21-25. Hit and Miss: Right Words, Wrong...
The Ontario Real Estate Association (OREA) announced the appointment of Luigi Favaro as its new CEO, effective Sept. 2. Favaro currently serves as OREA’s vice president of partnerships at OREA. He replaces Tim Hudak, who stepped down last August; Sonia Richards has...
The average Canadian family spent 42.3% of its income on taxes in 2024, according to a new study published by the nonpartisan Fraser Institute. The percentage spent on taxes is greater than the 35.5% allocated to housing, food and clothing combined. Last year, the...
