City of Vancouver Aims to Launch Online Development Permitting Tools, Cutting Down Review Time

In an effort to streamline the City of Vancouver's permitting processes, the local government has announced the upcoming launch of two digital tools: the Project Requirements Exploration Tool (PRET) and eComply. These tools, developed in collaboration with Australian software company…

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Co-signing for a Commercial Mortgage in Canada: Key Considerations, Pros and Cons

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Introduction: Co-signing for a commercial mortgage is a significant financial decision that requires careful consideration and expertise. In Canada's dynamic business landscape, professionals and experts must understand the implications, advantages, and disadvantages of co-signing for a commercial mortgage. This blog…

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April Sees a Resurgence in Home Sales as National Average Home Price Raise Back Above $700,000

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The Canadian housing market is seeing a resurgence as home sales spiked by 11.3% in April compared to the previous month. This surge in activity, according to the Canadian Real Estate Association (CREA), indicates that the prolonged slowdown in the…

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Read more about the article 5 Things You Need to Know About Canada’s New Tax-Free First Home Savings Account (FHSA)
Canada's New Tax-Free Savings Account For First Home (FHSA)"

5 Things You Need to Know About Canada’s New Tax-Free First Home Savings Account (FHSA)

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Canada’s newest registered savings plan, the tax-free first home savings account (FHSA), officially launched on April 1st, 2023. The FHSA allows prospective first-time homebuyers to contribute up to $40,000 and save on a tax-free basis towards the purchase of their…

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Read more about the article Recent Update on Canada’s Foreign Buyer Ban!
Update on Canada's Foreign Buyer Ban!

Recent Update on Canada’s Foreign Buyer Ban!

In an effort to address housing affordability concerns, the Government of Canada introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, a two-year ban on foreign buyers. However, industry stakeholders raised concerns about some of the details…

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