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The average selling price of a home in Canada decreased by 3.9% year-over-year to $724,800 in July 2024. [74] Sales of new condo units in the first half of the year fell 57% from the previous year, marking the slowest pace in 27 years in Toronto [ 75 ] and all housing inventory in Vancouver increased by 39% compared to the year prior, rising ...
The Seniors Strategy for Canada—an annual NIA report on the state of public policy related to Canada's ageing population— was first published in 2015 when there was a demographic shift in Canada's population as the number of Canadians aged 65 and over increased. In 2015, this demographic outnumbered children under 15. [3]
The 2020 Canadian Income Survey (CIS) released in March 2022 by Employment and Social Development Canada (ESDC) said that there was a substantial decrease in the poverty rate from 14.5% in 2015 to 6.4% in 2020.
When selling a house to pay for senior care, consider the timing, how it may affect eligibility for government benefits, ... In many cases, the proceeds from a home sale are tax-free. An ...
In 2011, about 1.5 million Canadian households or 12.5% of Canadian households were in core housing need, [80] and various levels of governance in Canada were exploring policy solutions to assist challenges faced by the low-income renter and homeowner overburdened with shelter costs.
Our 9-step guide to a smooth, successful home sale. Key takeaways. The process of selling a house can take quite some time, so it’s crucial to plan ahead and stay organized.
No, you don’t necessarily need a real estate agent to sell your house. Selling without one is called a “for sale by owner” transaction, and they are not unusual.
The economic impact of immigration to Canada is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...