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Province's School Tax Deferral Plan For Cottage Owners Makes Little Sense

The Manitoba govenment's plan to allow a deferral of a portion of school property taxes in 2010 and 2011 isn't any great favour to cottage owners, according to Dave Crabb, the president of the Mnaitoba Associaton of Cottage Owners (MACO).  "It's another case of tinkering, and it's not a fiscally responsible way of handling it," he added. Manitoba Finance has advised cottage owners that they ...

CREA's Chief Economist Explains The Revision For The 2010 Resale Housing Forecast

TORONTO -- Rapidly changing market conditions have led the Canadian Real Estate Association to lower its forecast for housing sales this year. The Ottawa-based group, which represents 100 boards across the country, now says 2010 sales will not be as strong as previously forecast and by next year prices will begin falling. CREA expects 490,600 sales through the Multiple Listing Service in 2010, ...