Foreign investors in British Columbia now pay an extra 15% in property taxes. The new tax was aimed at cooling the sizzling Vancouver housing market but there have been some unintended consequences. Don Campbell, Senior Analyst at Real Estate Investment Network, explains and highlights real estate trends across Canada.
Buyer gridlock in Toronto and Vancouver is forcing home owners who want to trade-up to renovate or move outwards. Beata Caranci, Chief Economist, TD Bank Group, looks at the impact of buyer gridlock and surging population on the housing market and the economy.
While the Toronto and Vancouver housing markets continue their record-setting pace, Calgary home prices are dropping. Don Campbell, Senior Analyst, Real Estate Investment Network and author of “Real Estate Investing in Canada,” weighs in on where housing prices in these markets are headed.
