Changes Made to The Foreign Buyer Ban

Posted on Mar 30, 2023

The Government Amends the Prohibition on the Purchase of Residential Property by Non-Canadians Act Regulations

The federal government, in collaboration with varies organized real estate sectors, has announced changes to the regulations that guide the foreign homebuyers ban. They are effective as of March 27th, 2023.  

The amendment areas are as follows...

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Underused Housing Tax (UHT)

Posted on Feb 21, 2023

The Underused Housing Tax () is a new annual 1% tax on the ownership of vacant or underused housing in Canada. This new tax took effect January 1, 2022 & returns must be filed by April 30, 2023. While the tax was aimed at non-resident property owners, some Canadian property owners will have to file the UHT, whether they owe taxes or not. And...

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Real Estate Update 2022

Posted on Apr 08, 2022

Princeton 1st Quarter Market Update

As we wrap up the winter season and prepare for the spring market, here's how the Princeton real estate market fared during the first quarter of 2022. The first 3 months continued with high demand as buyers locked into their mortgage pre-approval's before interest rates rise further throughout the year. The bigges...

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Lee Mowry Achieves Centurion Award

Posted on Jan 06, 2022

CENTURY 21 Horizon West Realty is pleased to announce that Lee Mowry, REALTOR® with the Princeton office, recently earned the CENTURY 21® System’s CENTURION® Producer Award for sales production in 2021.

The CENTURION producer award is one of the most prestigious Century 21 awards that places them in the top 3 percent across Canada. 

The 2021 CENTURION...

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2021 Year in Review

Posted on Jan 05, 2022 in Market Stats

2021 has proven to be a year of insanity and fatigue that will go down as one of the most challenging years in modern history. From an ongoing and relentless pandemic, to an unbearable heat wave, massive forest fires and torrential flooding... Living through such a tumultuous time has caused a great deal of stress where many of us will be embracing...

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Bank Of Canada Interest Rate Announcement

Posted on Dec 09, 2021 in Economy

December 8, 2021

The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to i...

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