Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
New Canadian banking rules called ‘game changer’ for real estate tax evasion
According to Vancouver Sun,
New Canadian banking rules that took effect July 1 are a “game changer” that could help governments in Victoria and Ottawa fight real estate tax scams exploited by foreign buyers, says a prominent B.C. immigration lawyer.
The detail is here.
Canada’s economy posts ‘blow out’ growth; dollar jumps
According to The Globe and Mail,
Canada’s economy continued its hot streak in May on broad-based growth led by a surge in oil output, stoking the hot Canadian dollar and fuelling more talk of Bank of Canada interest-rate increases.
Statistics Canada reported that real gross domestic product jumped 0.6 per cent in May from April – triple the solid 0.2-per-cent growth that economists had predicted, and matching the strongest single-month growth in the past six years. Compared with 12 months ago, real GDP was up 4.6 per cent – the fastest year-over-year growth since 2000.
The detail is here.
In Canada, bank of mom and dad issues gifts of $24K a pop on average, CIBC poll finds
According to Global News,
Most Canadians with adult children say they’re prepared to help them financially – with gifts worth over $20,000, according to a new CIBC poll.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Davisville Real Estate Listings? Contact Me!
Also published on Medium.
