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205-Unit Affordable Housing Unit to be Built in City of Quebec

205-Unit Affordable Housing Unit to be Built in City of Quebec

by Phil Hall | Feb 10, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s federal government and the provincial government of Quebec announced the construction of Le Philippe Phase 2, a 205-affordable housing complex which will provide a home for low- and moderate-income households in the City of Quebec. The complex will be built...
Canadian Airport Owes $500,000 Property Tax

Canadian Airport Owes $500,000 Property Tax

by Phil Hall | Feb 7, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The new owner of an airport on Newfoundland Island owes $500,000 in property taxes – but the mayor of the town where the airport is based is shrugging off the delinquency while the local chamber of commerce leader is furious. CBC reports Ottawa businessman Carl Dymond...
Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico

Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has voiced its opposition to President Trump’s 25% tariff on Canadian and Mexican goods coming into the United States. Carl Harris, NAHB chairman and a custom home builder from Wichita, Kansas, issued a statement on...
Canada Adds 6 Federal Properties for Transition to Affordable Housing

Canada Adds 6 Federal Properties for Transition to Affordable Housing

by Phil Hall | Jan 31, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government has added six federal properties to the Canada Public Land Bank, with the goal of transitioning the properties into affordable housing. According to a government statement, the properties have the potential to create approximately 1,770 units...

Bank of Canada Announces New Rate Cut

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
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