The BC government recently passed its home flipping tax which was proposed earlier this year. Changes take effect on January 1, 2025. The tax, governed by the Residential Property (Short-Term Holding) Profit Tax Act, applies to residential properties held for less than 730 days. This initiative aims to discourage property speculation and promote long-term housing stability, aligning with the BC government’s...

An updated Provincial Planning Statement (PPS) going into effect in Ontario has many long-overdue and important revisions to help the province reach its goal of building 1.5 million homes by 2031.

For the most part, it is a blueprint that will build upon earlier housing-supportive policies and consolidate them into a single land-use policy document. The framework will give municipalities more flexibility...

During periods of real estate market challenges, many investors get anxious, but it’s important to maintain a long-term perspective. It’s easy to get swayed by ‘doom and gloom’ reports, or try to make quick profits, but sustainable real estate success requires patience, a clear strategy, and a commitment to a longer time horizon. 

Avoiding the Trap of Short-Term Gains

Many investors are tempted...