Browsing Tag

residential properties

Advocates say Nova Scotia budget neglects affordable housing crisis

The Canadian Press Mar 24, 2023

HALIFAX — Housing advocates in Nova Scotia say the provincial budget neglects people struggling with affordability and those on the edge of experiencing homelessness.The government's budget, tabled Thursday, allocates $21.6 million to…

Real Estate

Nova Scotia keeping rent cap until end of 2025, but higher increases to be allowed

Lyndsay Armstrong - The Canadian Press Mar 23, 2023

HALIFAX — The Nova Scotia government will extend a cap on rent hikes, but it plans to ease the restriction at the end of the year to allow increases of up to five per cent.The amendments announced Wednesday by Service Nova Scotia…

Real Estate

Nova Scotia identifies 37 provincially owned parcels of land suitable for housing

Keith Doucette - The Canadian Press Jun 1, 2022

HALIFAX — A total of 37 parcels of provincially owned land have so far been identified as suitable for housing developments, Nova Scotia's housing minister announced Tuesday.John Lohr said five of the sites are ready for proposals from…

Building

Toronto Community Housing and Tridel request rezoning of Regent Park

Building Apr 22, 2022

Toronto Community Housing Corporation (TCHC) and Tridel Builders Inc. have filed a rezoning submission with the City of Toronto, requesting an increase in the density of development in the Regent Park Phases 4 and 5 lands.The increased…

Real Estate

New non resident property taxes in Nova Scotia forcing tough decisions on homeowners

Lyndsay Armstrong – THE CANADIAN PRESS Apr 19, 2022

HALIFAX – Michelle Keall says she is considering selling her home in Nova Scotia because of the provincial government's new tax on non-resident property owners imposed to ease the housing shortage.``I feel like I'm being penalized,''…

Real Estate

Nova Scotia’s finance minister defends two new taxes on non-resident property owners

Keith Doucette — The Canadian Press Apr 11, 2022

Two new taxes targeting non-resident property owners are necessary to help Nova Scotians gain access to housing at a time when vacancy rates are extremely low, Finance Minister Allan MacMaster said Friday.But it's still an open…

Real Estate

Nova Scotia Realtors question whether tax on non residents will ease housing shortage

Danielle Edwards – THE CANADIAN PRESS Apr 5, 2022

HALIFAX – New tax measures aimed at non-resident property owners announced in Tuesday's Nova Scotia budget are sending the wrong message, Realtors in the province say.As of Friday, non-residents who buy a property and do not move to the…

Real Estate

Does the budget address N.B.’s affordable housing shortage?

Jim Dumville, Local Journalism Initiative Reporter Mar 28, 2022

RIVER VALLEY SUN New Brunswick Finance and Treasury Board Minister Ernie Steeves tabled an $11.3 billion budget on Tuesday, March 22, focusing on tax cuts and relief for renters.As expected with all budgets, the government's fiscal…

Real Estate

Record-breaking apartment transactions drive overall Q1 Vancouver CRE investments

Building Jul 22, 2021

According to a recent Altus Group ‘Insights’ blog post, commercial real estate investments in the Vancouver market area saw an active first quarter in 2021. In total, $2.7 billion was transacted in Q1 2021, marking a 15% increase from Q1 of…

Real Estate

Manitoba’s soaring sales

Temur Durrani, Local Journalism Initiative Reporter Jan 8, 2021

WINNIPEG FREE PRESS`2020 was a banner year for business.''That's a perplexing statement for anyone to make, given the havoc throughout Canada's economic landscape thanks to the COVID-19 pandemic. But there's one industry that won't…

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