Capital Gains Tax 2024

Currently the market sentiment may be reflecting the Canadian Federal Government announcement that the Capital Gains Tax will be increasing and take effect June 25, 2024.

After that announcement there were a rash of new listings, possibly Sellers who are trying to complete a sale before the effective date.

Also there must be investors deciding whether or not a higher tax is still enough incentive to invest in real estate.

It appears that the market is tipping in favour of home Buyers.

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