Comments on: Canadian Provinces Depend On Real Estate Services For Up To 1 In 5 GDP Dollars https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/ Canada’s Fastest Growing Real Estate News Source Tue, 05 Jul 2022 23:51:44 +0000 hourly 1 By: concernedImmigrant https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/#comment-84177 Tue, 05 Jul 2022 23:51:44 +0000 https://betterdwelling.com/?p=21107#comment-84177 In reply to concernedImmigrant.

Or otherwise you will see more and more money sink in this tax haven, especially for the super rich. The more expensive your house is, the bigger tax you will get exempted.

]]> By: concernedImmigrant https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/#comment-84176 Tue, 05 Jul 2022 23:48:38 +0000 https://betterdwelling.com/?p=21107#comment-84176 We need to introduce a cap on principal residence capital gain exemption, just as other OECD countries do. We are the exception not the norm in this regard.

]]> By: Gui https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/#comment-84107 Sat, 02 Jul 2022 18:51:35 +0000 https://betterdwelling.com/?p=21107#comment-84107 Looks like we are toast along with UK, New Zealand, Australia and possibly USA. We can thank the geniuses run central banks fir the last 10 years. It took spain’s GDP 10 years to recover on a nonimal basis, let anone real GDP or per capita.

]]> By: Ron Bruce https://betterdwelling.com/canadian-provinces-depend-on-real-estate-services-for-up-to-1-in-5-gdp-dollars/#comment-84104 Sat, 02 Jul 2022 18:18:53 +0000 https://betterdwelling.com/?p=21107#comment-84104 Billions of dollars are sitting idle in Real Estate, and very little is invested in innovation and new technologies to help Canada compete on the global stage. Yet, gross domestic product (GDP) is counted using Real Estate as a contributor. Lenders, banks, realtors, and all those associated with real estate are unlikely to invent anything. But give them a call if you’re looking for someone to shuffle money at various rates. The real estate casino is always open to place your bets.

]]>