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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]
REIT [1] Traded as (TSX) Profile Major tenants/properties Allied Properties REIT AP.UN: Office Artis AX.UN: Diversified: Artis REIT Residential Tower: Boardwalk REIT
Selling a house to pay for senior care doesn’t have to result in a hefty tax bill. In many cases, the proceeds from a home sale are tax-free. An individual can exclude up to $250,000 of the ...
Canada's demographic landscape has undergone a profound transformation in recent decades, marked by a notable shift in age distribution. [4] The proportion of seniors, defined as individuals aged 65 and over, has surpassed that of children under 15, signaling a significant demographic shift. [ 3 ]
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.
If you sell your house for $300K, you will need to add up your closing costs, mortgage payoff amount, Realtor commissions and other fees, then subtract that total from $300K to determine your net ...
REITs emerged in Canada when the Canadian Income Tax Act in 1995 allowed REITs to qualify as closed-end trusts, [60] with the first REIT established in Canada being in 1997 in Toronto. In the 15 years between 2000 and 2015, the ownership of Toronto apartments was increasingly concentrated among REITs, institutional investors, private equity ...