The federal government of Canada is taking action to address the housing crisis, investing in measures to increase housing supply.Some provinces are pushing back against these measures, arguing they give too much control to the federal government.

Feds Invest in Housing Supply, but Affordability Questions Remain

Provinces must implement measures to build more housing and meet BC initiative requirements.
These requirements involve:
- Making investments in housing
- Building on various types of land
- Streamlining approval processes

Build in Canada: Provinces Target Housing Solutions

Tax credits lower your income tax, typically computed at the lowest tax bracket rate, which is ~15%.
Popular Refundable Tax Credits
- GST/HST Credit
- Canada Workers Benefit 
- Canada Child Benefit 
- Canada Carbon Rebate

How Do Tax Credits Work in Canada?

Canada Housing Trends Market Update

Budget Announcement:

- Trudeau's budget, focusing on affordable housing, is set for release on April 16.
Government Land Use:

- Strategies may include building homes on government property to increase affordable housing supply.

Countdown to Change: Canada’s Budget Deadlines Set the Stage

1. Address any unresolved debt and work on improving low credit scores
2. Discuss savings and establish a budget
3. Pre-approval sets a realistic budget and boosts offer strength
4. Improve credit scores before house hunting

2 Hearts, 1 Home: Tips for Partnered Home Buying

BoC expected to hold interest rates steady in the upcoming announcement, with forecasts leaning towards future rate cuts later in the year.Economic indicators show weakness in the Canadian economy, including declining GDP per capita and insufficient job creation.

Bank of Canada: Anticipating Rate Cuts Later in 2024

The BOC expects a rebound in the housing market this year, with a projected increase in real GDP tied to housing.
While the Bank has held rates steady, forecasters predict cuts as early as April or June.

Housing Bounce Back in Mid-Q2? Bank of Canada Cautious

Deposit:
- Ranges from 5% to 20%, paid in instalments during construction.

Phantom Rent:
- Occupancy fees paid between moving in and official ownership.
Condo Reserve Fund:
- Contribution required at closing.

Cooling Off Period:
- 10 days for reconsideration.

Buying a Pre-Construction Condo on an Instalment Plan: Key Points

Industry experts offer insights on Canada's Real Estate market in 2024, anticipating interest rates to influence prices.They suggest policy changes to enhance housing affordability and efficiency, predicting returns based on historical trends.

Experts Place Their Bets on the State of Canada's Market in 2024

Move-in ready homes: 
Wealthy buyers prefer homes that are move-in ready and don't require renovations.
Low-maintenance features: 
Homes with easy-to-maintain materials and landscaping are in demand.

5 Types of Homes the Rich Will Buy in 2024

The housing market is picking up in 2024 with mortgage rates going down.
Buyers are coming back to the market, and bidding wars are reappearing.

Know the New Rules of Selling a Home in 2024

Tech-heavy smart homes: 
Homes with functional smart features like smart lights and voice-controlled appliances.


Natural disaster-resistant homes: 
Homes built to withstand extreme weather events such as floods and fires.

5 Types of Homes Expected to Soar in Value in 2024

Efficient use of space: smaller houses that make good use of every square foot.
Open layouts: to make a small house look bigger and more functional.

5 Home Features Middle-Class Buyers Demand in 2024

Set a timeline: Start prepping your home well before you plan to list.
Determine upgrades: Take on only projects your house really needs not everything.

2024 Home Selling Tips to Get Top Dollar

Canadian trust owners of cottages must file a UHT return for 2022, but there is no tax payable.
The filing deadline is April 30th, 2024.

Key Tax Considerations for Canadian Cottagers

Shop around for budget-friendly materials when adding paint, siding, flooring and fixtures.
Handle appropriate tasks yourself such as junk removal, decor and even laying DIY-friendly flooring.

How to Save Money on a Home Addition

1. Low ROI:

- Many renovations don't pay off in increased home value, resulting in a potential loss of money.
2. Nothing Wrong:

- If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.

Skip the Reno: When to Sell Your House as-Is

Ensure utilities are on freeze post-purchase to manage energy use during moving.
Replace old light bulbs and appliances with energy-efficient ones for long-term savings.

6 Frugal Tips for First-Time Homebuyers

New construction homes offer customization opportunities.
Embracing energy-efficient technologies leads to sustainability, lower utility bills, and increased home value.

Exploring the Pros of Buying a New Construction

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