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New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate

New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate

by Phil Hall | Aug 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s Financial Transactions and Reports Analysis Center (FINTRAC) and the Canada Revenue Agency (CRA) issued an Operational Alert related to related to potential tax evasion within the nation’s real estate market. “Canada’s real estate sector is used by criminals...
Canada Public Land Bank to Feature Federal Properties That Can Support Housing

Canada Public Land Bank to Feature Federal Properties That Can Support Housing

by Phil Hall | Aug 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government announced the launch of the Canada Public Land Bank, which features 56 federal properties identified as being able to support housing. Among the properties within the new entity are five sites that now intended for leasing and ready for...
McDonald’s Plans Over 200 New Restaurants Across UK

McDonald’s Plans Over 200 New Restaurants Across UK

by Phil Hall | Aug 23, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

McDonald’s Corp. (NYSE:MCD) has announced plans to open over 200 new restaurants across the UK over the next four years, a $1.3 billion investment with the goal to create over 24,000 jobs. The new initiative is part of the “McDonald’s at 50” endeavor that highlights...
Body of Missing Toronto-Area Broker Has Been Recovered

Body of Missing Toronto-Area Broker Has Been Recovered

by Phil Hall | Aug 22, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The body of a high-profile Toronto-area real estate broker who was reported missing earlier this month has been identified. The Toronto Star reported Yuk-Ying (Anita) Mui was last heard from by her family on the morning of Aug. 9; Mui’s vehicle, a white 2024...
Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion

Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion

by Phil Hall | Aug 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-headquartered Equitable Bank is rolling out the Laneway House Mortgage, a construction loan designed to help Canadian homeowners finance the building of laneway homes or garden suites on their property. The new loan product will initially be available in the...
UK’s Rate Cut Sparks Homebuyer Inquiries, Sweden Cuts Rates for Second Time

UK’s Rate Cut Sparks Homebuyer Inquiries, Sweden Cuts Rates for Second Time

by Phil Hall | Aug 20, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While Jerome Powell’s Federal Reserve continues to debate whether to cut rates, two central banks in Europe are already witnessing economic progress from their respective rate cuts. The Bank of England’s first rate cut in four years sparked a renewed interest in...
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