Real Estate News Headlines // September 19th 2016

Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines

CRA to begin review of B.C. real estate speculators

The Canada Revenue Agency has launched a review into the actions of B.C. real estate speculators in light of a Globe and Mail report that uncovered possible tax evasion and fraud.

Toronto Widens Its Lead on Canada's Luxury Real Estate Market as Vancouver Moderates in Fall 2016

Luxury sales to post strongest gains in Toronto and normalize in Vancouver; modest gains sustain Montreal as price declines continue in Calgary, forecasts Sotheby’s International Realty Canada

Vancouver's vacancy tax will rely on owners to declare if homes are empty

Vancouver’s new empty-homes tax, the first of its kind in Canada, will rely on homeowners to declare whether they are living in their properties or renting them out as part of an effort to battle foreign capital, absentee owners and speculation.

Canada should take regional approach to address housing problems: IMF chief

The head of the International Monetary Fund says any government moves to tackle Canada’s housing market should be targeted at specific regions like Toronto and Vancouver, rather than imposed nationally.