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The Cullen Commission estimated that in 2019 alone, $5.3 Billion of illicit funds was laundered through the Vancouver real estate market, which increased housing prices by 5%. [104] "The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos. [105]
Most urban centres in Canada have more non-market housing than Calgary, where only 3.6% of all housing in Calgary is non-market. [11] The Calgary Housing Company manages Calgary-owned affordable housing units, which in 2022 consisted of more than over 10,000 units with over 25,000 tenants. This includes near market housing where rents are lower ...
The Affordable Housing and Groceries Act, Bill C-56 (French: Loi sur le logement et l’épicerie à prix abordable) is a proposed legislation tabled in the House of Commons of Canada on 21 September 2023.
The housing market is shaping up for some interesting changes. Although no one has a crystal ball, experts are sharing predictions about what could happen. Read Next: 25 Places To Buy a Home If You...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Real estate has been a roller coaster over the last four years. Home prices surged during the pandemic, followed shortly after by rents, then interest rates soared and stamped down the growth of ...
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