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Real Estate

How undervaluation of Vancouver sites could cost millions in property taxes

How undervaluation of Vancouver sites could cost millions in property taxes

VANCOUVER — Retired architect Michael Geller says he's always keen to restore some "justice" to Vancouver's real estate scene. So, when he noticed an official BC Assessment valuation of about $6.
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Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.
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Vancouver city council approves divisive Commercial-Broadway towers

Vancouver city council approves divisive Commercial-Broadway towers

Public hearing reveals starkly different views on plans for Safeway site
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Prefab momentum grows in B.C. as federal housing push takes shape

Prefab momentum grows in B.C. as federal housing push takes shape

With experience, task force and industry capacity, leaders in the province say B.C. is poised to take advantage of financing
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Federal government slow to reduce, modernize its office space

Federal government slow to reduce, modernize its office space

OTTAWA — The federal government has moved slowly to reduce its office space, a new report by Canada's auditor general said Tuesday.
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B.C. judge rules against owners of floating homes on Crown land

B.C. judge rules against owners of floating homes on Crown land

Judge cites housing crisis but upholds province's trespass, seizure notices
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GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

OTTAWA — The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.
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Opinion: Ottawa wants to invest in housing, but is there any steak behind the sizzle?

Opinion: Ottawa wants to invest in housing, but is there any steak behind the sizzle?

Political theatrics are no substitute for smart, scalable housing policy. Governments must stop sidelining the private sector.
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Tech tenants keep firm grip on Metro Vancouver office space, says report

Tech tenants keep firm grip on Metro Vancouver office space, says report

Cushman & Wakefield report shows tech outpacing all other sectors as the largest source of office demand in the region
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Average asking rents fall annually for eighth straight month to $2,129: report

Average asking rents fall annually for eighth straight month to $2,129: report

TORONTO — The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases. The monthly report from Rentals.
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