Your predictions for 2019

Ever felt like telling the future?

What do you foresee happening to the local economy an housing market in 2019? Where will interest rates go?

The Bank of Canada seems to think we’re not in for hot growth and are keeping rates flat for the moment.

A couple of brokerages predict prices will stay flat or decline only slightly in 2019.

The general consensus and safe bet is to predict a status quo situation.  No major drops or increases in the market.  That sound about right?

Friday free-for-all! December 14th, 2018

It’s the end of another week and perilously close to the end of another year. Let’s do another open topic discussion thread for the weekend!

Here are a few recent links to kick off the chat:

Home prices are economically justified
No major price drops for 2019
Welcome to the 1980s
Detached prices descending rapidly
Victoria mayor concerned about casino laundering
economic outlook dims

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have a fantastic weekend!

CRA Freezing and Seizing Tax Cheat Assets

The CRA is now using ‘proceeds of crime’ provisions to freeze assets and seize property of tax cheats.

Tassé said the proceeds-of-crime provisions can also be used to seize property outside of Canada. For example, if the CRA believes that someone has engaged in offshore tax evasion and used the proceeds to buy a vacation home or a yacht, the CRA could freeze or seize those assets.

Using the proceeds-of-crime provisions also can block tactics used by some tax evaders, such as declaring corporate bankruptcy to avoid paying the taxes, said Tassé.

Read the full article here.