February 2020

Canada must expose hidden company owners to end 'snow washing,' inquiry hears

Posted on Feb 29, 2020

VANCOUVER — Canada must urgently create public registries that reveal the true owners of corporations in order to shed its international reputation as a destination for laundering the proceeds of crime, an inquiry has heard.

British Columbia’s money laundering inquiry was told information from a group of tax fairness groups. They told the money laun...

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Move over Toronto and Vancouver – why rich Chinese are buying up Montreal real estate over other Canadian cities

Posted on Feb 23, 2020

For years Chinese real estate investment in Canada focused on Vancouver and Toronto, but now Montreal is booming for property investment

If you would ask any Canadian citizen a couple years ago, where should I invest in Canada for my real estate, they would usually say Vancouver and Toronto, yet recently this has changed, Chinese peoples investment...

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Duplexes making ‘modest’ inroads into Vancouver housing options

Posted on Feb 22, 2020

In 2019, the city received 86 duplex applications, which translates to about 23 per cent of all redevelopment applications in single-family (RS) zones. 

At the moment when the city council had agreed on allowing duplex in most of the single-family neighbourhoods on a trial basis, the city staff had predicted that due to this, more duplex applications...

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Homebuyers, take note: Canada's mortgage stress test rate is changing in April

Posted on Feb 20, 2020

The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for some buyers to purchase their first home, or owners refinancing their existing mortgages.

This new stress rate is going to have some big changes, these changes will affect people all over Canada. The ne...

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'Strata market in crisis': Some B.C. condo buildings unable to buy insurance

Posted on Feb 16, 2020

Condo Association director knows of 11 B.C. stratas currently unable to secure building insurance. In a normal year, he said, there wouldn't be any stratas in that situation.

More B.C. stratas are reporting unpleasant surprises when they try to renew their condo insurance, with some facing shocking hikes in their premiums while others are unable to...

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Vancouver home supply down again in January as sales rise

Posted on Feb 14, 2020

Homes sales across the Vancouver region rose over 40 percent last month when compared to January 2019. But as sales continue to steadily improve following a long slump, a new challenge is threatening to slow the market recovery: a lack of new listings.

Although January's sales were higher when compared year-over-year, however, January's sales remain...

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