Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada announced on June 5, 2024, that it is lowering the key interest rate by 25 basis points to 4.75%. Following this announcement, the Canadian currency remained stable against the US dollar. This rate cut could have several significant effects on the real estate market and the Canadian currency…
Several exceptions exist to allow non-Canadians to purchase real estate in Canada.
Exceptions: **Rural and Semi-Urban Properties**Non-Canadians can purchase residential properties located outside metropolitan areas, offering opportunities in picturesque and growing regions. **Real Estate Development**Foreign real estate developers may acquire...
Your questions answered about the proposed capital gains tax changes
The federal government’s 2024 budget includes significant new spending on projects and programs — and it’s relying on revenue from a change to the capital gains inclusion rate to help pay for it. So what is this inclusion rate and how does the change...
Canada ranked 2nd best country in the world for 2023
Ranked just behind Switzerland, Canada moved from third to second place out of 87 countries this year as the best country in the world.
