Hello,
I hope this message finds you well. As we transition into the holiday season, it’s essential to stay informed about significant developments that may impact your financial decisions. November was a month filled with noteworthy headlines, and I’m excited to share insights on key topics with you. Let’s dive into the headlines that captured our attention last month.
STVR Regulatory Changes: 
November brought significant changes to the short-term vacation rental (STVR) landscape, particularly in British Columbia. These changes include:
BC Ban on STVRs and Permitting Updates: The British Columbia government implemented a ban on short-term vacation rentals in certain regions and introduced changes to permitting. [Read More]
CRA Cracking Down on STVR Taxation and Compliance: The Canada Revenue Agency (CRA) has taken a proactive approach to ensure taxation and compliance within the STVR market. [Read More]
Strata Short-Term Rental Bylaws: You can explore the official Strata short-term rental bylaws on the Province of British Columbia’s website. [Read More]
Legislation to Deliver More Homes: The BC government introduced legislation aimed at reining in short-term rentals and increasing housing availability. [Read More]
Federal Measures to Impact STVR Profitability: According to reports, the federal government is considering measures using the CRA to make short-term rentals less profitable. [Read More]
Inflation is Falling and Predictions on Rates:
Inflation rates have been in the spotlight, with notable changes in October and November:
Inflation Fell to 3.8% in October and 3.1% in November: Learn about the implications of these changes and expert predictions on interest rates. [Read More]
Bank of Canada’s Macklem on Interest Rates: Bank of Canada’s Governor, Tiff Macklem, shares insights on interest rates and their role in taming inflation. [Read More]
Canada CPI October 2023: Get detailed information on how inflation slowed to 3.1% in October, affecting the Bank’s decisions. [Read More]
Economists React to Inflation Slowdown: Discover expert reactions to the October inflation slowdown and its potential impact. [Read More]
Interest Rates on the Horizon: Benjamin Tal and others share insights on the expected decrease in interest rates. [Read More]
Population Growth – A 50-Year High:
Population growth has been a remarkable phenomenon, outpacing available housing:
Exceeding 40% Growth: The latest figures show that population growth in Canada continues to exceed 40%, putting pressure on housing availability. [Read More]
Solutions and Suggestions: Explore potential solutions, including using public land and converting office buildings into housing. [Read More]
November was indeed an eventful month, with these headlines shedding light on critical topics that impact our communities and the economy. I encourage you to delve deeper into these subjects by following the provided links. Stay informed, and let’s navigate these changes together!
Best regards,
Catherine
Cultivate + Evolve Financial
