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...

If we are to put a significant dent in the housing crisis, we must tear down the overabundance of ridiculous and unnecessary barriers as well as bureaucracy and red tape standing in the way.

Despite recent positive policy shifts, substantial obstacles still hinder housing development. Varied and substantial layers of regulation and approvals surrounding housing only add to costs.

Developers looking...

Calgary has been the subject of discussion lately, with the city council’s decision to go ahead with blanket rezoning. How much impact this will have on the market will remain to be seen. 

In the meantime, however, the CMHC released its Spring Housing Market Outlook. While the rezoning changes could lead to greater housing diversification with denser housing in the future, once it takes effect...