Housing – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Wed, 11 Oct 2023 19:14:15 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Housing – Advisor's Edge https://phoenix.advisor.ca 32 32 Toronto city council debates vacant home tax hike amid budget and housing crunch https://phoenix.advisor.ca/tax/tax-news/toronto-city-council-debates-vacant-home-tax-hike-amid-budget-and-housing-crunch/ Wed, 11 Oct 2023 19:14:15 +0000 https://www.advisor.ca/?p=231645 Mayor Olivia Chow says raising the tax from 1% to 3% will encourage the transformation of vacant homes into rental units

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]]> Why aren’t more advisors incorporating home equity into retirement plans? https://phoenix.advisor.ca/retirement/retirement-news/why-arent-more-advisors-incorporating-home-equity-into-retirement-plans/ Wed, 27 Sep 2023 18:21:04 +0000 https://www.advisor.ca/?p=231195 New research looks at what's preventing advisors from recommending home equity release schemes

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]]> Record population growth persists: StatsCan https://phoenix.advisor.ca/news/economic/record-population-growth-persists-statscan/ Wed, 27 Sep 2023 18:06:50 +0000 https://www.advisor.ca/?p=231208 At current rates, population would double in 25 years

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]]> Feds unlock another $20 billion for low-cost rental construction financing: Freeland https://phoenix.advisor.ca/news/industry-news/feds-unlock-another-20-billion-for-low-cost-rental-construction-financing-freeland/ Tue, 26 Sep 2023 19:24:09 +0000 https://www.advisor.ca/?p=231175 The government is raising the limit on the Canada Mortgage Bonds program to $60 billion

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]]> CRA offers no relief on stiff penalties for late-filing UHT returns https://phoenix.advisor.ca/tax/tax-news/cra-offers-no-relief-on-stiff-penalties-for-late-filing-uht-returns/ Mon, 25 Sep 2023 17:30:54 +0000 https://www.advisor.ca/?p=231094 Tax agency releases underused housing tax self-assessment tool

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]]> Ottawa to remove GST on new rental housing, extends CEBA loan deadline https://phoenix.advisor.ca/tax/tax-news/ottawa-to-remove-gst-on-new-rental-housing-extends-ceba-loan-deadline/ Fri, 15 Sep 2023 12:41:11 +0000 https://www.advisor.ca/?p=230792 The federal government also is calling on grocers to stabilize prices

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]]> Housing gap to restore affordability remains at about 3.5 million units: CMHC https://phoenix.advisor.ca/news/economic/housing-gap-to-restore-affordability-remains-at-about-3-5-million-units-cmhc/ Wed, 13 Sep 2023 16:33:59 +0000 https://www.advisor.ca/?p=230719 The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia

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]]> Interest rate hikes might be over but don’t expect housing market to flare up: BMO https://phoenix.advisor.ca/news/economic/interest-rate-hikes-might-be-over-but-dont-expect-housing-market-to-flare-up-bmo/ Thu, 07 Sep 2023 19:24:56 +0000 https://www.advisor.ca/?p=230501 Softer jobs market, new listings, restrictive mortgage market all work against housing

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]]> Toronto home sales little changed in August, but expect volatility: board https://phoenix.advisor.ca/news/economic/toronto-home-sales-little-changed-in-august-but-expect-volatility-board/ Wed, 06 Sep 2023 16:26:15 +0000 https://www.advisor.ca/?p=230419 Numbers reflect higher borrowing costs and uncertainty about the economy

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]]> Building permits down in Q2: StatsCan https://phoenix.advisor.ca/news/economic/building-permits-down-in-q2-statscan/ Wed, 09 Aug 2023 16:25:57 +0000 https://www.advisor.ca/?p=229559 Increase in residential permit activity ends three straight quarterly declines

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