The Competition Bureau is continuing its investigation into the Canadian Real Estate Association’s (CREA) policies surrounding real estate commissions and the REALTOR® Cooperation Policy. The Bureau recently obtained a Federal Court order requiring CREA to provide documents and records as part of an ongoing examination into possible anti-competitive conduct in the real estate sector.

The Bureau is examining...

House hacking can be a great way for Canadians to begin their journey into real estate investing. By renting out part of their primary residence, homeowners not only make their home more affordable but also gain valuable experience managing tenants and properties. This strategy offers aspiring investors a cost-effective way to enter real estate by generating income from their own home, eliminating the...

In a move to tackle the issue of derelict properties, the City of Edmonton has announced a prorated tax forgiveness program aimed at incentivizing property owners to rehabilitate or redevelop neglected homes. This initiative is part of a broader strategy that includes the introduction of a new tax subclass, which imposes a property tax rate nearly three times higher than the normal rate on derelict...