Changes Made to The Foreign Buyer Ban
Posted on Mar 30, 2023
The Government Amends the Prohibition on the Purchase of Residential Property by Non-Canadians Act Regulations
The federal government, in collaboration with varies organized real estate sectors, has announced changes to the regulations that guide the foreign homebuyers ban. They are effective as of March 27th, 2023.
The amendment areas are as follows...
Underused Housing Tax (UHT)
Posted on Feb 21, 2023
The Underused Housing Tax () is a new annual 1% tax on the ownership of vacant or underused housing in Canada. This new tax took effect January 1, 2022 & returns must be filed by April 30, 2023. While the tax was aimed at non-resident property owners, some Canadian property owners will have to file the UHT, whether they owe taxes or not. And...
Real Estate Update 2022
Posted on Apr 08, 2022
Princeton 1st Quarter Market Update
Lee Mowry Achieves Centurion Award
Posted on Jan 06, 2022
CENTURY 21 Horizon West Realty is pleased to announce that Lee Mowry, REALTOR® with the Princeton office, recently earned the CENTURY 21® System’s CENTURION® Producer Award for sales production in 2021.The CENTURION producer award is one of the most prestigious Century 21 awards that places them in the top 3 percent across Canada.
The 2021 CENTURION...
2021 Year in Review
Posted on Jan 05, 2022 in Market Stats
Bank Of Canada Interest Rate Announcement
Posted on Dec 09, 2021 in Economy
December 8, 2021
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to i...
