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More cities impose vacant home tax to fill empty condos
Published in
May 2023
- Page 11
Despite a recent downturn, many people find Canada’s housing market to be unattainable. This is the reality even though the Canadian Real Estate Association notes the average house price dropped a record 12 percent in 2022. But despite that decrease, the average cost of a house in Canada remains more than $700,000.
This means more Canadians are going to be renting homes for much longer, and some will remain life-long renters. But
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