From 50% to 66.7% Last April the federal government announced that the capital gains tax would be increased, and to take effect on June 25, 2024. This change includes increasing the capital gains inclusion rate from 50% to 66.67% for capital gains over $250,000 annually for individuals. The Increase Remains a Proposal Yet here we […]
Price Stability for Four Months in Niagara The Overall Benchmark Price for the Niagara Region at the end of December 2024 was $633,300. In December of 2023, the benchmark price was $618,400. That’s a 2.4% increase. However, the benchmark price peaked at $815,900 back in March of 2022, and compared to December that signifies a […]
MLS Benchmark Prices by City NOTE: The Niagara Association of REALTORS is currently transitioning to a new MLS system and is working with two different databases. So accurate sales stats will not be available in this addition. The following chart shows the CREA benchmark prices for the last 4 months and December ‘24 vs. […]
Homeownership is so much more than a financial decision. There are two major questions on buyers’ minds in today’s market: Though prices have been decreasing for a few months, How Low Will Prices Go? Interest rates have increased considerably, and though the rate held in the last BOC announcement, the question is: When will rates start […]