Urban Upgrade & NewInfills

CANADA'S NEW "ANTI-FLIPPING" TAX: WHAT YOU NEED TO KNOW

Posted on Feb 28, 2023 in Real Estate News

On December 15, 2022, Bill C-32 received Royal Assent, which means that the new "anti-flipping" tax has now become law. This new rule applies to any "flipped" residential property sales occurring on or after January 1, 2023.

What is a "flipped property"?
A "flipped property" is a property that is located in Canada, would not otherwise be inventory o...

IS THE HOUSING MARKET HEADED FOR A CRASH?

Posted on Feb 23, 2023 in Real Estate News

National headlines have been talking about a housing market correction lately, and they sometimes use scarier terms like "housing crash" or "housing bust". We've seen major headlines talking about significant price declines already occurring, with stats stating a 20% or 30% price drop is on the horizon, which is jumping out to people and causing co...

HIGH INTEREST RATES HOLDING YOU BACK?

Posted on Feb 15, 2023 in For Buyers

Maybe the time has come to upgrade to a larger home or one that is a better fit for your lifestyle or location. Maybe the kids are gone, and it’s time to downsize to something that works better.

When interest rates start increasing, some people start to feel held back from purchasing a new home, especially if they have a lower rate locked in on th...

COMING SOON: DIGITAL ENERGY LABELS FOR HOMES

Posted on Feb 09, 2023 in Real Estate News

Alberta Ecotrust Foundation has partnered with Lightspark to launch the “Uncovering Real Estate Value through Digital Home Labels” pilot project that will automatically provide the first-ever digital home energy labels for all homes in Calgary and Edmonton.

Alberta Ecotrust Foundation, a charity that leads urban climate change action through their C...

THE BAN ON FOREIGN BUYERS EXPLAINED

Posted on Feb 03, 2023 in Real Estate News

MORE DETAILS RELEASED ON THE FOREIGN BUYERS BAN:

On Wednesday, December 21, 2022 the federal government released the supporting regulations on the Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyers Ban) which includes definitions, exceptions, and enforcement elements to help individuals understand and comply wit...

FEBRUARY 2023 MARKET UPDATE

Posted on Feb 01, 2023 in Market Updates

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.