The Manitoba Real Estate Association reported that the province experienced the third-best MLS® home sales numbers. The number of homes sold through MLS® Systems reached 1,522 units in April 2024, up 23.7% from April 2023.

According to a recent Edge Realty report, this is part of a larger trend, as reported in its quarterly market overview for Q1 2024 for Manitoba.

Sales

Sales in the Manitoba real estate...

According to a recent Edge Realty report, Saskatchewan is experiencing a relatively stable housing market, although there are fluctuations and some concerning indicators, such as increasing mortgage arrears.

Sales

In the first quarter of 2024, the number of sales in the Saskatchewan real estate market decreased by 3.1% compared to the previous quarter. However, there was a notable year-over-year increase...

The Canada Revenue Agency (CRA) has introduced a new regulation that requires tenants renting from landlords residing outside of Canada to withhold a portion of their rent and remit it directly to the CRA. The CRA has released a guide to explain the details of the tax-reporting requirements.

Tax Obligations of a Non-Resident Landlord

Those who earn rental income from property in Canada but live outside...