Real estate news across Canada

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  Bloomberg

  Short Sellers Step Up Bets Against Office Owners on Bank Turmoil

  (Bloomberg) -- Money managers have stepped up their bearish bets against office landlords, wagering that the US regional banking crisis will slash the availability of credit to property owners that were already suffering from the pandemic and rising interest rates.Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysRussia Seeks 400,000 More Recruits as

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  Yahoo Finance Canada

  Three ways to save on capital gains tax when selling a secondary property

  Some relatively simple calculations could save a homeowner thousands in taxes when the principal residence exemption is allocated properly.

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  Bloomberg

  Unusual $828 Billion Loan Market Magnifies Housing Risk in Korea

  (Bloomberg) -- South Korea’s property market risks an accelerated slide triggered by quirks in renting practices, an outcome that would put its sputtering economy under more pressure and test the confidence of investors already spooked by recent financial sector turmoil.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeJack

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  Bloomberg

  US New-Home Sales Unexpectedly Rise, Showing Some Stabilization

  (Bloomberg) -- Sales of new US homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidShort Seller Hindenburg Says ‘Another Big One’ Coming SoonCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeJPMorgan Sold $10 Mi

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  CBC

  Calgary tenant advocacy group demands 2% cap on increases as rents soar

  With her latest rent increase, Vanessa Badger has only $300 left in her monthly budget for her family of three to live on. She learned in February that her rent will soon go up $200 — to $1,200 a month. She gets $1,500 a month from Alberta Works. "The first thing that went through my head was, 'Where am I going to get my son's lunches?'" said Badger, who moved to Calgary four decades ago from Sturgeon Lake, Alta. "The rent is increasing dramatically, and it's making it harder for us low-income p

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  Yahoo Finance Canada

  Canada's rental shortage could quadruple in 4 years: RBC

  With high immigration levels and more would-be homebuyers sidelined, Canada needs to ramp up purpose-built rental construction, the report says.

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  Bloomberg

  Extra Space Storage Weighs Offer for Rival Life Storage

  (Bloomberg) -- Extra Space Storage Inc. is weighing making an offer for Life Storage Inc., the real estate company that rejected a takeover proposal from Public Storage earlier this year, according to people familiar with the matter. Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsBomb Threat Called In to New York Court Where Trump Hearing HeldA New Chapter of Capitalism Emerges From the Banking CrisisStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets Wr

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  The Canadian Press

  Canadian home sales expected to pick up in spring but inventory still lags

  TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home. Long hours in the small space while Forsey was pregnant and toiling away from home during the COVID-19 pandemic, along with a visit to a neighbour who was selling their "beautiful" place that was "the perfect size," convinced the couple to start their new home hunt recently.

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  CBC

  New affordable housing plans give 'hope for the future' for those on waitlist

  Two housing developments planned for Windsor would see 30 new units come online amid strong demand for affordable housing. The units are being built through $7.8 million in new funding from the Canada Mortgage and Housing Corporation's Rapid Housing Initiative. Windsor council passed a motion Monday allowing both projects to move forward, and approving $2.8 million in city reserve funds to supplement the federal contribution, along with approving operational costs for one of the developments tha

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  CBC

  Former Vancouver detective warns against rental scams after home listed online without his knowledge

  When Paul McNamara's friend was looking for a New Westminster, B.C., home to rent on Rentals.ca, the friend was surprised to see a house he had visited before — McNamara's. The friend called to ask why, but McNamara was equally shocked. The listing featured 30 photos of the former Vancouver Police Department officer's two-level, three-bedroom, 4,000-square-foot heritage home, 25 kilometres east of Vancouver — including photos of his teenage daughter's bedroom. "It really feels like you've had an

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