Author: homegoal.ca
As of the latest data, Yukon’s real estate market continued to show dynamic activity across residential sales and the rental sector, with rising property values, changing sales volumes, and evolving rental trends across the territory, particularly in Whitehorse. Residential Housing Market In the third quarter of 2024, Yukon recorded a total real estate transaction value of $131.4 million, a slight increase of $322,800, or 0.2%, compared to the same quarter in 2023. This includes $103.6 million in transactions within Whitehorse and $27.8 million in the rest of Yukon. Whitehorse Trends Price In the third quarter of 2024, the average price…
After some confusion surrounding whether or not proposed capital gains changes would take effect this upcoming tax season in the wake of Prime Minister Trudeau’s prorogation of parliament, the Department of Finance Canada is clearing things up for taxpayers.On Friday, Minister of Finance and Intergovernmental Affairs Dominic LeBlanc announced that the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 is being deferred from June 25, 2024 to January 1, 2026.“The deferral of the increase to the capital gains inclusion rate will provide certainty to Canadians, whether they…
Gravy & cheese curds. Tegan & Sara. Denim & denim…there’s only one iconic duo that trumps those to Canadains, and it’s the tightly integrated economies of Canada and the US. Like all bromances, this relationship is going through a bit of a rough patch, with the new American administration threatening to impose 25% tariffs on Canada, but only if we don’t make drastic changes to immigration and stop turning a blind eye to transnational organized crime. If hit with tariffs, Canada’s GDP would take a massive hit and plunge into one of the worst recessions on record. Surprisingly, Canada’s economy…
Millennials are leading the charge as the largest group of homebuyers. According to the National Association of Realtors, 38% of home buyers are millennials. This generation is driving new trends, especially when it comes to home features and design choices. Whether you’re designing or selling a home, understanding their preferences is key. Using data from the National Association of Home Builders (NAHB), we’ve rounded up some of the most sought-after features homebuyers are looking for. Millennial homebuyers want to save energy whenever possible, which is why Energy Star-rated appliances are high on their wish lists when buying a new home. The…
designed by freepik Canada’s luxury real estate market is doing well, despite rising interest rates. This is surprising because many buyers are feeling the impact of higher borrowing costs. Still, the market for luxury homes is staying strong. People are still interested in buying high-end homes in Canada, especially in cities like Toronto and Vancouver. The demand for these top-quality properties has stayed constant, even though higher interest rates are affecting other parts of the real estate market. Even with political issues, Canada’s luxury real estate market will offer good buying opportunities in early 2025. More people are moving in,…
The proptech industry is entering a new era, with AI emerging as a key driver of innovation across the real estate industry, according to a new report from Proptech Collective. The non-profit organization analyzed more than 530 active startups and found that the sector is adapting to market shifts with a sharper focus on efficiency, integration and long-term value creation. AI: A game-changer in proptech AI is reshaping proptech by enhancing automation, predictive maintenance and property management. Companies are prioritizing data governance, system architecture and AI strategy development to ensure responsible implementation. AI-driven tools are also transforming planning,…
Metro Vancouver’s real estate market finished 2024 on a strong note, with significant December sales growth underscoring an improving demand trend throughout the year. However, total annual activity remained subdued compared to historical averages. Sales December 2024 recorded 1,765 residential property sales across Metro Vancouver, for a robust 31.2% increase over December 2023. While this represented a notable improvement, sales remained 14.9% below the 10-year monthly average of 2,074 transactions. Detached home sales jumped 31.4% year-over-year compared to December 2023. Attached properties experienced the sharpest increase, climbing 55.9% compared to a year prior. Apartment sales rose by 23.9% compared to…
A 55-storey mixed-use building offering 12,270 sq. ft of office space and 732 residential units has been proposed for Liberty Village, and it happens to be the tallest building proposal in the southwest-Toronto neighbourhood.The building application was submitted by Liberty Village-based developer Intentional Capital in late January and is currently under review. If approved, the development would replace a number of existing heritage buildings, though certain facades would be retained, along with one building in-situ. Slated for 147-151 Liberty Street and 54-68 Fraser Avenue, the building would tower above its neighbours, the tallest of which reaches a height of eight…
In your home, maximizing space and functionality is paramount. Whether you’re a first-time homebuyer in a condo, a growing family in a townhouse, or simply looking to optimize your living area, multi-purpose furniture is a game-changer. One piece that stands out for its versatility is the multi-purpose couch. These ingenious designs can transform from a comfortable seating area to a guest bed, a storage solution, or even a workspace, making them ideal for smaller homes or those seeking flexible living arrangements. This article explores the benefits of multi-purpose couches, highlights some top picks available online in Canada, and offers tips…
Canada’s newfound reputation as a money laundering hub hasn’t motivated much action. FINTRAC, Canada’s anti-money laundering watchdog, announced only administrative monetary penalties for real estate firms in 2024. All of the firms were located in Toronto and Vancouver, and appear to be entirely over minor compliance issues. Considering the agency took up to 3 years to fine real estate firms over minor filing infractions, the agency doesn’t seem to be motivated to actually crack down. Administrative Monetary Penalties FINTRAC is Canada’s anti-money laundering intelligence agency. Its primary duty is overseeing compliance with the Proceeds of Crime (Money Laundering) and Terrorist…