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Carolynne Scoffield https://www.linkedin.com/in/carolynne-scoffield-119b7291, known as the "Savvy Socialite https://www.instagram.com/savvysocial.yyc," has made her mark in Calgary's marketing sphere, defying the setbacks of a serious facial injury sustained due to a Rottweiler attack to become the Marketing Director at Arlington Street Investments https://www.linkedin.com/company/arlingtonstreet/. A decade-long career path through social media has culminated in a widely followed blog, amassing over 180,000 hits at its zenith. Now, she applies her seasoned skills in SEO, analytics, and strategic marketing campaigns across platforms like Facebook, Instagram, LinkedIn, and TikTok. Equally esteemed in academia, Carolynne boasts a Business Administration Diploma with a focus on Digital Marketing from Bow Valley College. Her academic prowess is underscored by a second-place victory in the Dean's Alberta Business Case Competition and the Jason Lang Scholarship award. Concurrently, she's the entrepreneur behind Savvy Socialite, where she empowers small businesses to flourish on social media through community-focused organic growth techniques. Above her professional triumphs, Carolynne treasures motherhood as her crowning achievement. Her daughter represents the pinnacle of joy and inspiration, serving as a pillar of strength and motivation in Carolynne's life, driving her to be an unstoppable force in her industry. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Mick Lautt https://www.linkedin.com/in/micklautt/is an established entrepreneur, currently serving as the co-founder and CEO of SciMar Ltd https://scimar.ca/. As CEO, Mick leads a family-driven business and a team of scientists, business development professionals, and investment relations specialists in developing and unveiling a new scientific approach for the prevention, detection, and treatment of type 2 diabetes. Under Mick’s leadership, SciMar has attracted over 100 investors and developed SciMar NuPa Test, a proprietary diagnostic test meal now in clinical trials. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
In this video interview, https://youtu.be/FBZdt5KgW6E?si=SuPuwoMphybPBsg1 Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation, https://www.linkedin.com/in/gianfranco-terrazzano-3b1358a6/ discusses the carbon tax increase that is coming on April 1. He discusses the impact of the tax on consumers and businesses as well as talking about an alcohol tax hike and at the same time politicians giving themselves raises. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. businessCanada's Number One Podcast for Entrepreneurscarbon taxentrepreneursentrepreneurshipsmall businessTaxationTaxes
In this video interview, https://youtu.be/BqA8uCgR7TI?si=hwVbNeMXJZUS8SABPaula Allen, Global Leader, Research & Client Insights, https://www.linkedin.com/in/paula-allen-2717206/TELUS Health, discusses the latest Mental Health Index and its key findings. Allen talks about how many young workers feel isolated and lonely, the impact that is having on them and on businesses, how many workers are high at risk of mental health, and the importance of an employee feeling valued. PRESS RELEASE TORONTO, March 19, 2024 /CNW/ – Today, TELUS Health released its TELUS Mental Health Index (“the Index”) https://go.telushealth.com/hubfs/MHI%202024/Canada_MHI_January_English_2024.pdfwith reports that examine the mental health of employed people in Canada, the United States, the United Kingdom, Europe, Singapore, New Zealand and Australia. The Canadian report reveals that young Canadian workers under 40 are increasingly feeling isolated and lonely compared to their older colleagues. Further, nearly half (45 per cent) of workers say they do not have relationships with people they trust at work with younger workers more likely to lack trusted relationships. The lack of trusted relationships is a factor in loneliness, which can lead to lower mental health scores and poorer physical health. The World Health Organization (WHO) has declared loneliness to be a pressing global threat, https://www.who.int/groups/commission-on-social-connection with the effects of isolation and loneliness now being recognized and compared to well-known health risks such as smoking, obesity and lack of physical activity. In fact, the US surgeon general is saying that its mortality effects are equivalent to smoking 15 cigarettes a day. “The Index findings reflect a concerning reality, in particular for our younger workers. It also impacts businesses as loneliness and social isolation negatively impact both health and workplace productivity,” said Paula Allen, Global Leader, Research & Client Insights, TELUS Health. “Rapid societal changes, alongside diminishing social support, are taking their toll. Additionally, there are challenges like inflation, housing affordability and job loss risks that are clear stressors, especially at the start of a person’s career when there is typically less financial stability. Organizations can help by focusing on building a culture of trust, which counters isolation, and highlighting their health, personal and financial programs, which offer crucial support.” Efforts to combat the negative impacts of isolation and loneliness on employee health and productivity not only improve wellbeing but also have financial benefits for employers. The TELUS Mental Health Index also found: Thirty-three per cent of workers in Canada have a high mental health risk, 45 per cent have a moderate mental health risk, and 22 per cent have a low mental health risk. One in ten workers in Canada (10 per cent) do not feel valued and respected by their colleagues; this group has the lowest and worst mental health score (49.1), 20 points lower than workers feeling valued and respected (69.1). Women are 50 per cent more likely than men to report that harassment, bullying, unhealthy conflict and other harmful behaviours are not quickly and fairly resolved in their workplace. More than one in seven (15 per cent) rate their company’s culture around mental health as negative. Twenty-one per cent of workers in Canada do not know if their employer provides mental health benefits or their employer does not provide mental health benefits. In January 2024, the mental health scores of workers in various regions were: Canada: 63.5 United States: 70.7 United Kingdom: 64.7 Europe: 62.0 Australia: 63.1 New Zealand: 59.6 Singapore: 62.6 The TELUS Mental Health Index is based on a response scoring system that then turns individual responses into point values. Higher point values are associated with better mental health and less mental health risk. Scores between 0 to 49 correspond with distress levels, scores between 50 to 79 correspond with strain levels and scores between 80 to 100 correspond with optimal levels of mental health. “Creating a supportive and inclusive work environment is not only a responsibility, but also an invaluable opportunity for employers to proactively shape the wellbeing of their teams,” said Dr. Matthew Chow, Chief Mental Health Officer, TELUS Health. “With the physical and mental impacts of isolation now being discussed more broadly, it would be wise for employers to acknowledge it as a health risk and prioritize meaningful social connections to support employee wellbeing. In addition to implementing employee assistance programs and other initiatives to address the mental strain, fostering a healthy and connected workplace environment enables individuals to thrive. This, in turn, leads to improved retention, productivity, engagement and overall better health outcomes.” The January TELUS Mental Health Index also includes important findings related to key psycho-social risks in the workplace. Read the full Canadian TELUS Mental Health Index here. About the TELUS Mental Health Index The data for the TELUS Health Mental Health Index was collected through an online survey in English and French from January 13, 2024 to January 22, 2024 with 3,000 respondents. All respondents reside in Canada and were employed within the last six months. The data has been statistically weighted to ensure the regional and gender composition of the sample reflects this population. About TELUS Health TELUS Health is a global healthcare leader providing comprehensive primary and preventive care services and solutions to improve physical, mental and financial wellbeing for employees and families worldwide. With our advanced technology and dedicated team members, including more than 100,000 compassionate health professionals, we are covering more than 70 million lives in 160 countries. We are on a mission to become the most trusted wellbeing company in the world by building the healthiest communities and workplaces on the planet through simplifying access to care and improving the flow of information between care providers, insurers, employers and individuals. For more information please visit: www.telushealth.com. https://www.telushealth.com Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/ is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #MentalHealth #small business
Marie-Ève Lécine https://www.linkedin.com/in/marieevelecine/, c.o. organisationnel, MBA dédie sa carrière à améliorer la santé psychologique des organisations. Avec plus de 18 ans d’expérience en recherche universitaire et en enseignement sur le stress au travail, une maîtrise en management, une autre en counseling et une troisième en méditation (en cours), elle possède une excellente vision des besoins des organisations et de leurs acteurs. Elle a créé en 2014 : Let It Be Méditation http://www.letitbemeditation.com, une école de formation et de coaching d’affaires entourant la pleine conscience et leadership conscient. Marie-Ève est l’autrice du livre : Entreprendre en conscience et co-autrice de trois guides sur la santé mentale au travail, centré sur la conciliation travail-vie personnelle. Depuis sa création, Let It Be Méditation http://www.letitbemeditation.com/ a formé plus de 1 000 personnes en méditation à travers des formations et des conférences au Canada et en France et plus de 350 professeurs à travers le monde, qui dispensent leurs enseignements dans toute sorte de milieux. Let It Be Méditation est aussi une certification en méditation. Les entrepreneurs sont l’épine dorsale de l’économie canadienne. Pour soutenir les entreprises canadiennes, abonnez-vous à notre chaîne YouTube et suivez-nous sur Facebook, Instagram, LinkedIn et Twitter. Vous voulez rester au courant des derniers podcasts et actualités #entrepreneur? Abonnez-vous à notre newsletter bimensuelle https://www.canadaspodcast.com/newsletter-signup.
Tim Weber https://www.linkedin.com/in/tim-weber-9855701b/ is CEO and Co-Founder of Diverso Energy https://www.diversoenergy.com/, which helps developers of multi-family and commercial office buildings achieve sustainability and energy reduction targets without the capital cost. Diverso Energy offers a unique geothermal utility model converting the upfront costs to long-term operational expense. Tim has over 25 years in the HVAC industry with 15 of those focused exclusively on geothermal. With a broad knowledge of HVAC design and applications, Tim is always looking for unique opportunities to remove barriers and gain acceptance for mass market adoption. Let’s find out more. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Carmen Morin https://www.linkedin.com/in/carmen-morin/ (http://carmenmorin.com/)is an award-winning concert pianist, teacher, and entrepreneur. Her orchestral debut at the age of 10 sparked several guest solo performances with orchestras throughout Canada, including a performance tour for the Canadian Embassy. Following her faculty position at her city’s University Conservatory, she launched her commercial music school in 2013. Under her leadership, Morin Music has grown to a multiple 7-figure small business with a team of over 45 staff and faculty. Programs at Morin Music http://morinmusic.ca/ currently provide education to over 1000 students locally in Calgary, and to thousands more around the world through distance education online. As a performer, she was awarded first prize in an international piano competition in Coimbra, Portugal (2018), and her success as an educator has earned her international recognition as the first teacher in Western Canada to be inducted into the Steinway and Sons International Teacher Hall of Fame in New York (2019). She was selected as one of Avenue Magazine’s Top 40 under 40 (2021) and currently serves on the board of directors of Honens, one of the world’s most prestigious international piano competitions. In her business consulting, she focuses on performance-based education and curriculum design, helping founders and industry leaders to codify their expertise and turn it into a profitable and unparalleled educational program. Carmen has recently re-engaged with her academic pursuits and is on the cusp of completing her degree in Psychology. With a keen interest in Performance Psychology, Carmen plans to delve into this specialized field post-graduation in order to explore and enhance cognitive and emotional aspects of performance in various high-pressure domains such as business, sports, and the performing arts. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Benjamin Achache https://www.linkedin.com/in/benjaminachache/ comes from the south of France. Growing up, it came naturally to respect his environment and everything in it. His career path led him to Canada where he was lucky to meet his partner, Arantza while looking for ways to improve our wellbeing. They discovered Marine Phytoplankton and this resulted in MARPHYL®️ http://www.marphyl.com/ Marine Phytoplankton, a line of products dedicated to Phytoplankton. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
In this interview, https://youtu.be/9SIiSU6xwKU?si=EDRj8lHqUd_tWv8q Young Lee, Canada Market Lead for GoDaddy https://www.linkedin.com/in/youngleestevens/, discusses a new report indicating many small businesses, the micro ones, in Canada are flourishing despite economic headwinds. PRESS RELEASE TORONTO, Feb. 22, 2024 /CNW/ — GoDaddy’s annual international research initiative, Venture Forward, has released its inaugural report revealing the state of Canada’s small business landscape. Drawing from data collected from over 770,000 Canadian small businesses, the landmark report offers detailed insights into the opportunities and challenges facing this vital sector of the economy. The findings, published today, indicate a thriving small business (0-9 employees) ecosystem in Canada, as the proliferation of online tools and services means the required startup capital and educational background required to start a business has never been easier to achieve. GoDaddy’s data shows that 58% of online small businesses having been launched with less than $5,000 CAD in initial capital, while only 38% of business owners report completing a college degree showing education level of entrepreneurs doesn’t impact their success or satisfaction levels. Unlocking the economic potential of small businesses The study also highlights the significant returns on investment for small businesses. More than half of small businesses generate over $2,500 in monthly revenue. Furthermore, one in four Canadian entrepreneurs now manage more than one business, underscoring the significance of small businesses to the national economy. Navigating economic headwinds But the broader economic landscape is not without challenges – only 27% of small business owners expressed confidence in the national economy over the next six months. Rising costs in energy (36%), business administration (35%), raw materials (34%), and transport costs (31%) have all been reported to impact their respective bottom lines over the past year. These challenges have contributed to increased stress levels among small business owners. A startling 44% report experiencing high to maximum levels of stress, anxiety, or burnout, with financial concerns (50%) being the most significant factor, followed by work-life balance (40%) and customer issues (21%) also contributing their levels of stress. Optimism and growth: The future of Canadian small businesses In spite of this, Canadian small business owners remain optimistic about the future. An overwhelming 70% express optimism about their business prospects, with almost all (94%), having confidence in their ability to run their businesses. Moreover, more than a third (35%) plan to hire additional employees in the next 12 months, indicating their commitment to growth and expansion. This underscores the importance of nurturing Canada’s small business community, as the prosperity of these businesses contributes to the overall prosperity of their communities. Young Lee, Canada Market Lead commented: “GoDaddy’s Venture Forward data is unique in its ability to capture and analyze small businesses and demonstrates their enormous economic contribution to Canadian life. Despite continued economic headwinds, our data shows that small businesses in Canada are resilient and flourishing. Whilst there is much to be optimistic about, business owners continue to face challenges, most notably in the form of rising costs. “GoDaddy is determined to support and empower Canadian entrepreneurs by offering affordable and easy to use tools to help small businesses get online and grow.” About Venture Forward Venture Forward is a multi-year research initiative, which analyses data from over 770,000 Canadian small businesses – conducted by GoDaddy to quantify the impact of small businesses on the Canadian economy and their local communities. The analysis is complemented by a survey of 4,883 Canadian small business owners conducted in November 2023. About GoDaddy GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy’s easy-to-use tools help small business owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com. PRESS RELEASE TORONTO, Feb. 26, 2024 /CNW/ — Millions of Canadian entrepreneurs are potentially missing out on saving time and money by not harnessing AI for their businesses, according to a new survey by GoDaddy. The research, conducted among more than 500 Canadian small business owners, found that just one in five has used generative AI for business-related tasks, despite most expecting AI to help reduce costs and hours worked. The average Canadian small business owner estimates that generative AI tools could save them $2,600 and around 260 hours per year, while one in four believe the technology can reduce their workload by 500 hours or more annually. GoDaddy’s data shows that a lack of confidence in applying generative AI to business tasks is the main barrier to more widespread use among entrepreneurs. Almost 3 out of 5 (62%) believe that generative AI could help them run and grow their business Half (50%) admit they don’t know how to start using generative AI, citing a lack of easy-to-use solutions for small business owners Three in five (61%) survey respondents have used AI for personal tasks, demonstrating enthusiasm for the technology The Right Solution for Any Canadian Small Businesses To help new and existing small businesses easily take advantage of generative AI, GoDaddy just launched GoDaddy Airo™ in Canada and the U.S. an AI-powered solution designed to help them save time and attract new customers. If someone has an inkling of an idea, GoDaddy Airo™ can recommend catchy domain name options with just a description of their business. Seconds after registering a domain, GoDaddy Airo™ instantly starts generating content for the business, including: Unique, eye-catching logo designs that can be easily customized to fit the business. A fully built website with imagery and content designed to help the business engage and attract customers. A professional email account that strengthens the credibility and prestige of the business. By simply uploading a product photo, an auto-generated custom product description is created for an online store. If a new or existing business wants to grow, it can quickly get plans and recommendations through GoDaddy Airo™ features in seconds, including: Comprehensive email marketing campaigns with suggested content and imagery. Social media calendar with recommendations of when to ideally post. Compelling social media and search engine ads to bring traffic to the business’s website. “Canadian small business owners understand the potentially transformative power of generative AI, yet half of them lack the confidence or knowledge to apply it to their ventures,” said Young Lee, head of GoDaddy Canada. “That’s about to change.” Ways to Learn More See everything GoDaddy is doing when it comes to generative AI by visiting: https://www.godaddy.com/en-ca/offers/airo Small businesses interested in more information can learn from and interact live with Laka Sriram, GoDaddy VP of AI and the leader of design and development of GoDaddy Airo™, during an upcoming Livestream Q&A. About the Survey An online survey was conducted between January 15 and 22, 2024, using an online business panel. Small Business (100 employees and under) owners, Side Hustle entrepreneurs, and Solopreneurs (one individual) were among the 504 total respondents in Canada who participated in the survey. About GoDaddy GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy’s easy-to-use tools help microbusiness owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com http://www.GoDaddy.com. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business https://www.youtube.com/hashtag/business #news https://www.youtube.com/hashtag/news #smallbusiness https://www.youtube.com/hashtag/smallbusiness #GoDaddy https://www.youtube.com/hashtag/godaddy #entrepreneurs https://www.youtube.com/hashtag/entrepreneurs #entrepreneurship https://www.youtube.com/hashtag/entrepreneurship #technology https://www.youtube.com/hashtag/technology #innovation https://www.youtube.com/hashtag/innovation #artificialintelligence https://www.youtube.com/hashtag/artificialintelligence #youtube https://www.youtube.com/hashtag/youtube #podcast https://www.youtube.com/hashtag/podcast
In this video interview, https://youtu.be/UwuyiF_GEEk?si=-x7iJoG5UWWnE47aSarah Stockdale, Founder/CEO of Growclass, https://www.linkedin.com/in/sarahstockdale/ discusses the importance of digital marketing education. PRESS RELEASE TORONTO–(BUSINESS WIRE)–Growclass, /../../CEO%20of%20Growclass,%20discusses%20the%20importance%20of%20digital%20marketing%20education.%20%20%20Sarah%20Stockdale%20%20PRESS%20RELEASE%20%20TORONTO%E2%80%93(BUSINESS%20WIRE)%E2%80%93Growclass,%20an%20award-winning%20course%20and%20community%20specializing%20in%20Growth%20Marketing,%20is%20thrilled%20to%20announce%20a%20significant%20milestone%20in%20its%20mission%20to%20democratize%20digital%20marketing%20education.%20In%20collaboration%20with%20Upskill%20Canada,%20Growclass%20has%20received%20$1.7%20million%20in%20funding%20to%20train%20500%20students%20by%20March%202025%20from%20underrepresented%20communities%20across%20Canada.%20%20The%20funding%20is%20part%20of%20the%20Digital%20Marketing%20Skills%20Canada%20(DMSC)%20program,%20powered%20by%20Upskill%20Canada%20and%20championed%20by%20the%20Canadian%20Marketing%20Association%20(CMA).%20Supported%20by%20funding%20from%20Innovation,%20Science%20and%20Economic%20Development%20Canada%E2%80%99s%20(ISED)%20Upskilling%20for%20Industry%20Initiative,%20more%20than%2015,000%20Canadian%20workers%20will%20benefit%20from%20this%20innovative%20approach%20to%20skills%20training.%20Aiming%20to%20bridge%20the%20digital%20skills%20gap,%20this%20initiative%20will%20provide%20high-quality%20training%20to%20individuals%20in%20underserved%20communities,%20creating%20new%20opportunities%20for%20career%20growth.%20%20%E2%80%9CAt%20Growclass,%20we%20believe%20that%20all%20marketers%20deserve%20an%20incredible%20career%20and%20to%20get%20paid%20what%20they%20are%20worth.%20This%20partnership%20with%20Upskill%20aligns%20with%20our%20mission%20to%20create%20the%20best%20digital%20marketing%20education%20and%20network%20that%20is%20accessible%20to%20all,%E2%80%9D%20states%20Sarah%20Stockdale,%20Founder%20and%20CEO%20of%20Growclass.%20%E2%80%9CBy%20focusing%20on%20underrepresented%20communities,%20we%20want%20to%20support%20and%20arm%20individuals%20with%20the%20skills%20needed%20to%20change%20their%20career%20trajectory%20and%20thrive%20in%20a%20growth%20marketing%20role.%E2%80%9D%20%20LinkedIn%E2%80%99s%202024%20Canadian%20Jobs%20On%20The%20Rise%202024%20report%20listed%20%E2%80%9CGrowth%20Manager%E2%80%9D%20as%20the%20number%20one%20fastest%20growing%20job%20in%20Canada.%20Within%20that%20role,%20the%20current%20gender%20breakdown%20is%2023%20per%20cent%20female%20and%2073%20per%20cent%20male.%20Despite%20growth%20marketing%20being%20a%20lucrative,%20quickly%20growing%20job,%20there%20are%20not%20enough%20accessible%20ways%20for%20women%20and%20underrepresented%20communities%20to%20upskill%20to%20be%20considered%20for%20these%20roles.%20%20The%20collaboration%20between%20Growclass%20and%20Upskill%20Canada%20underscores%20a%20commitment%20to%20diversity%20and%20inclusion%20by%20targeting%20underrepresented%20communities%20in%20digital%20marketing%20education.%20The%20initiative%20will%20not%20only%20provide%20essential%20digital%20marketing%20skills%20but%20also%20pave%20the%20way%20for%20participants%20to%20embark%20on%20high-growth%20career%20opportunities,%20contributing%20to%20a%20more%20diverse%20and%20skilled%20workforce.%20%20The%20DMSC%20program%20will%20run%20for%20seven%20weeks,%20with%20a%20goal%20to%20upskill%201200%20individuals%20by%20March%202025.%20%20About%20Growclass:%20%20Growclass%20is%20an%20award-winning%20course%20and%20community%20specializing%20in%20Growth%20Marketing,%20equipping%20marketers%20with%20the%20technical%20skills%20needed%20for%20high-growth%20career%20opportunities.%20Founded%20by%20Sarah%20Stockdale,%20Growclass%20is%20dedicated%20to%20making%20digital%20marketing%20education%20accessible%20and%20inclusive.%20To%20learn%20more%20about%20Growclass%20and%20its%20programs,%20visit%20www.growclass.co.%20%20About%20Upskill%20Canada:%20%20Upskill%20Canada%20is%20a%20national%20talent%20platform%20that%20helps%20fast-growing%20companies%20access%20the%20talent%20they%20need%20to%20compete%20and%20succeed%20globally%20while%20creating%20new%20career%20pathways%20for%20workers%20to%20rapidly%20transition%20into%20high-demand%20roles.%20Upskill%20Canada%20will%20target%20all%20regions%20of%20the%20country%20and%20support%20Canadian-based%20employers,%20with%20a%20particular%20focus%20on%20small%20to%20medium-sized%20enterprises%20(SMEs).%20It%20will%20focus%20on%20strengthening%20key%20growth%20sectors,%20including%20digital%20technology,%20cybersecurity,%20agricultural%20technology,%20advanced%20manufacturing,%20clean%20technology%20and%20biomanufacturing.%20%20%20Mario%20Toneguzzi%20%20Mario%20Toneguzzi%20is%20Managing%20Editor%20of%20Canada%E2%80%99s%20Podcast.%20He%20has%20more%20than%2040%20years%20of%20experience%20as%20a%20daily%20newspaper%20writer,%20columnist,%20and%20editor.%20He%20was%20named%20in%202021%20as%20one%20of%20the%20Top%2010%20Business%20Journalists%20in%20the%20World%20by%20PR%20News%20%E2%80%93%20the%20only%20Canadian%20to%20make%20the%20list.%20He%20was%20also%20named%20by%20RETHINK%20to%20its%20global%20list%20of%20Top%20Retail%20Experts%202024.%20%20About%20Us%20%20Canada%E2%80%99s%20Podcast%20is%20the%20number%20one%20podcast%20in%20Canada%20for%20entrepreneurs%20and%20business%20owners.%20Established%20in%202016,%20the%20podcast%20network%20has%20interviewed%20over%20600%20Canadian%20entrepreneurs%20from%20coast-to-coast.%20%20With%20hosts%20in%20each%20province,%20entrepreneurs%20have%20a%20local%20and%20national%20format%20to%20tell%20their%20stories,%20talk%20about%20their%20journey%20and%20provide%20inspiration%20for%20anyone%20starting%20their%20entrepreneurial%20journey%20and%20well-%20established%20founders.%20%20The%20commitment%20to%20a%20grass%20roots%20approach%20has%20built%20a%20loyal%20audience%20on%20all%20our%20social%20channels%20and%20YouTube%20%E2%80%93%20500,000+%20lifetime%20YouTube%20views,%20200,000%20+%20audio%20downloads,%2035,000%20+%20average%20monthly%20social%20impressions,%2010,000%20+%20engaged%20social%20followers%20and%2035,000%20newsletter%20subscribers.%20Canada%E2%80%99s%20Podcast%20is%20proud%20to%20provide%20a%20local,%20national%20and%20international%20presence%20for%20Canadian%20entrepreneurs%20to%20build%20their%20brand%20and%20tell%20their%20story.%20%20businessCanada an award-winning course and community specializing in Growth Marketing, is thrilled to announce a significant milestone in its mission to democratize digital marketing education. In collaboration with Upskill Canada, Growclass has received $1.7 million in funding to train 500 students by March 2025 from underrepresented communities across Canada. The funding is part of the Digital Marketing Skills Canada (DMSC) program, powered by Upskill Canada and championed by the Canadian Marketing Association (CMA). Supported by funding from Innovation, Science and Economic Development Canada’s (ISED) Upskilling for Industry Initiative, more than 15,000 Canadian workers will benefit from this innovative approach to skills training. Aiming to bridge the digital skills gap, this initiative will provide high-quality training to individuals in underserved communities, creating new opportunities for career growth. “At Growclass, we believe that all marketers deserve an incredible career and to get paid what they are worth. This partnership with Upskill aligns with our mission to create the best digital marketing education and network that is accessible to all,” states Sarah Stockdale, Founder and CEO of Growclass. “By focusing on underrepresented communities, we want to support and arm individuals with the skills needed to change their career trajectory and thrive in a growth marketing role.” LinkedIn’s 2024 Canadian Jobs On The Rise 2024 report listed “Growth Manager” as the number one fastest growing job in Canada. Within that role, the current gender breakdown is 23 per cent female and 73 per cent male. Despite growth marketing being a lucrative, quickly growing job, there are not enough accessible ways for women and underrepresented communities to upskill to be considered for these roles. The collaboration between Growclass and Upskill Canada underscores a commitment to diversity and inclusion by targeting underrepresented communities in digital marketing education. The initiative will not only provide essential digital marketing skills but also pave the way for participants to embark on high-growth career opportunities, contributing to a more diverse and skilled workforce. The DMSC program will run for seven weeks, with a goal to upskill 1200 individuals by March 2025. About Growclass: Growclass is an award-winning course and community specializing in Growth Marketing, equipping marketers with the technical skills needed for high-growth career opportunities. Founded by Sarah Stockdale, Growclass is dedicated to making digital marketing education accessible and inclusive. To learn more about Growclass and its programs, visit www.growclass.co. About Upskill Canada: Upskill Canada is a national talent platform that helps fast-growing companies access the talent they need to compete and succeed globally while creating new career pathways for workers to rapidly transition into high-demand roles. Upskill Canada will target all regions of the country and support Canadian-based employers, with a particular focus on small to medium-sized enterprises (SMEs). It will focus on strengthening key growth sectors, including digital technology, cybersecurity, agricultural technology, advanced manufacturing, clean technology and biomanufacturing. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/ is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Marketing #smallbusiness
In this video interview https://youtu.be/oL0zRRcYFTs?si=AmgdQ6VI0LSBAs2o, Ben McCabe, https://www.linkedin.com/in/benpmccabe/personal finance expert and CEO/Founder of Bloom Finance http://www.bloomfin.ca, discusses the results of a new survey indicating 67 per cent of Canadian homeowners over the age of 55 are concerned that their savings may not suffice to sustain their quality of life through retirement due to the increasing cost of living across Canada. PRESS RELEASE TORONTO–(BUSINESS WIRE)–Today, Bloom Finance Company Ltd. (“Bloom”) is excited to introduce an innovative payment card designed for Canadian homeowners aged 55 and above, enabling them to access their home equity in micro-sized, responsible increments each month. By enabling micro equity access on an as-needed basis, this first-of-its-kind card provides a sustainable solution to homeowners navigating financial challenges in retirement. The Bloom Home Equity Prepaid Mastercard addresses the pressing need for innovation within the financial landscape for Canadians 55+, particularly in meeting the unique requirements of Canadian retirees who own their homes. A recent report conducted by Bloom among members of the Angus Reid Forum revealed that 67 per cent of Canadian homeowners over the age of 55 are concerned that their savings may not suffice to sustain their quality of life through retirement due to the increasing cost of living across Canada. With three-quarters of Canadian retirees owning their homes, Bloom aims to empower this demographic to enhance their quality of life and withstand financial adversities triggered by inflation and the escalating cost of living. Additional findings from the survey include: Nearly half (46 per cent) of Canadian homeowners over the age of 55 are considering taking on part-time work during retirement to combat inflation and the rising cost of living. Only 29 per cent of Canadian homeowners above 55 years of age are considering downsizing or alternative living situations to access their home equity earlier than expected. 6-out-of-10 (59%) Canadian homeowners aged 55 and above agreed that accessing micro-amounts of their home’s equity would significantly help maintain their desired living standard. The Bloom Home Equity Prepaid Mastercard functions like any other payment card at the point of sale, in-store or online. However, with no required monthly payments, it acts as an addition to clients’ spending power. Leveraging Bloom’s unique home equity release structure, the card comes with no monthly bill, and amounts spent by clients do not need to be repaid until they pass away or choose to sell their home in the future. Bloom works with clients to establish sustainable monthly spending limits, promoting responsible home equity access over the long term. “The launch of our Bloom Home Equity Prepaid Mastercard underscores our commitment to providing innovative financial solutions for Canadian retirees,” said Ben McCabe, Founder & CEO of Bloom. “In today’s economic climate, older homeowners are facing unprecedented challenges. Our mission is to provide them with a responsible and sustainable means of accessing the wealth they’ve accumulated, to live more comfortably in their latter decades of life.” “Our clients have been clear that the ability to unlock their home equity when, where and in the quantities they need, is important to them,” explains Hasan Nizami, Head of Product at Bloom. “We’re proud to have developed a product that enables just that, assisting a demographic that historically lacked financial services innovation in Canada and globally.” Bloom is pleased to have partnered with embedded payments firm Berkeley Payment Solutions Inc. on this innovative fintech-backed solution for Canadian homeowners. CEO of Berkeley, Lawrence Tepperman added, “Bloom is doing something really special in Canada and we are honoured to be a part of it.” The launch of the Bloom Home Equity Prepaid Mastercard marks a significant milestone in Bloom’s mission to revolutionize the market for financial solutions for older Canadians. Available initially in Ontario, Alberta, and British Columbia, the Bloom Home Equity Prepaid Mastercard will redefine how retirees manage their finances in the face of economic uncertainty. For more information on the Bloom Home Equity Prepaid Mastercard and Bloom, visit www.bloomcard.ca. About Bloom Finance Ltd. Bloom is a leading Canadian fintech company dedicated to assisting homeowners aged 55 and above in accessing the wealth accumulated in their homes to enjoy more comfortable retirements. Through the integration of cutting-edge technology and innovative product delivery, the company is reshaping home equity access to be adaptable, enduring, and user-friendly. Bloom’s overarching mission is to alleviate financial stress among retired homeowners, enabling them to relish the golden years of their lives. Licensed in ON:13338, BC:MBX600455 and AB. Discover more at www.bloomfin.ca http://www.bloomfin.ca. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/ is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business https://www.youtube.com/hashtag/business #news https://www.youtube.com/hashtag/news #money https://www.youtube.com/hashtag/money #finances https://www.youtube.com/hashtag/finances #retirement https://www.youtube.com/hashtag/retirement #equity https://www.youtube.com/hashtag/equity #homeownership https://www.youtube.com/hashtag/homeownership
Mike Fata http://www.mikefata.ca co-founded Manitoba Harvest Hemp Foods in 1998. From 1998 to 2016, he ran all aspects of the company as Chairman of the Board and CEO. In February 2019 Mike helped guide the strategic sale of Manitoba Harvest to Tilray for $419 million dollars. Mike has dedicated over 25 years studying and practicing natural health, starting in 1995 when he made the life changing decision to lose over 100lbs, and go from 300lbs to his current 180Lbs. He has gained an excellent knowledge of human anatomy, diet, nutrition and natural health lifestyle. Mike is a best-selling author, a keynote speaker, and has been featured on various media countless times regarding natural health, nutrition, hemp foods, organic agriculture, sustainable business, entrepreneurship and mentorship. Mike has won numerous awards; __ __ In February of 2022, as Chairman of the Board Mike completed his third nine figure exit deal with the acquisition of Sol Cuisine by Plant Plus Foods for $125mm cash. Mike is currently Chief Executive Officer of Fata & Associates, Chairman of the Board of Nuts For Cheese, Global Growth Advisor for Mid-Day Squares, Lifetime Member (Past Chairman) of the Canadian Health Food Association (CHFA), Lifetime Member (Past Chairman) of Young Presidents Organization (YPO) and investor/advisor to a portfolio of companies. Mike is a homeschooling father, certified holistic health coach and avid backyard organic farmer. In his free time he enjoys coaching and mentoring natural products industry entrepreneurs. In 2021 Mike launched www.fatafleishman.org http://www.fatafleishman.org/ a free mass mentorship toolbox for CPG entrepreneurs. Mike hosts the Founder to Mentor podcast (a top 5% global podcast), connecting you with world class founders to inspire your personal and professional growth. https://www.mikefata.ca/podcast. Mike’s best-selling book Grow: 12 Unconventional Lessons for Becoming an Unstoppable Entrepreneur released in March 2023. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Aura Ziv https://www.linkedin.com/in/aura-ziv-rnc-cpt-34498812 is a fun loving fitness instructor nutritionist, health coach and founder of Eat Good Feel Good Fitness http://eatgoodfeelgoodfitness.com/. She focuses on making her clients feel good and creating health food products that are good for you and taste amazing at the same time. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Celebrated for her butchery skills and simple approach to food you will recognize Connie DeSousa from her appearances on Top Chef Canada, Top Chef All Stars and most recently a judge for Food Networks Fire Masters. She is one of Canada’s most celebrated female chefs with both an empathetic, yet fierce, approach to her work, life and fitness. Connie is driven to succeed. Once she sets her sights on a goal, she accomplishes it. An avid runner, Connie recently completed the NYC marathon and achieved her personal best as she sprinted across the finish line. Connie’s ambition stemmed from her humble roots, growing up in Erin Woods community in SE Calgary with her Irish mother and Portuguese father who worked hard to achieve success. Cooking was infused into a young Connie as was her love for sausage making and large family get-togethers where food was what brought them around the table. Graduating from the top of her culinary class, she met her mentor, John Jackson https://www.linkedin.com/in/charcut/, and instantly she knew they had a partnership for life. Connie has challenged herself to compete in many culinary competitions around the world, including the prestigious Chaîne De Rotîsseurs in South Africa, placing 4th in the world, and participated in the World Culinary Olympics in Germany. Working internationally, staging at well-known restaurants around the world, mastering nose-to-tail butchery, cultivating relationships with farmers and artisan producers, and challenging the social norms of women in the professional kitchen Connie has dedicated countless hours to her craft. Now, a mother, co-owner of several successful restaurants and businesses, mentor to young chefs and women in the industry, as well as a fitness advocate, and community ambassador, Connie’s success relies on finding absolute balance. In every challenge Connie approaches she desires to fit more minutes in every day, but still manages to defy time and space. An accomplished chef and co-owner of several award-winning restaurants and businesses, John Jackson has been a leader and a mentor to so many young chefs and entrepreneurs dedicating his time to changing lives and nourishing those around him. Growing up in Saskatchewan, he started cooking at the young age of 15, out of necessity, where he realized that, in a kitchen, social status did not matter and the way to get ahead was to focus, and work hard. He set out on a steady, ambitious career path, travelling and working in some of the world’s most well-known restaurants, attaining success with his many awards, nominations and notable achievements. John studied sausage-making in Italy’s Marche and later landed at the St. Regis in New York. At 29 years of age John was given the opportunity to open the prestigious Mobil 5-star St. Regis Hotel in San Fransisco, California. After the successful opening of the St. Regis, John continued to open multiple restaurants under the Starwood name including the Lagoon by Jean George in Bora Bora. In 2009, it became clear that it was time to return to home to Calgary. Along with his wife, Carrie, and co-chef, co-owner Connie Desousa, they opened CHARCUT Roast House https://www.charcut.com/ where they pride themselves in bringing an evolved, but simple approach to dining in the truest Canadian farm-to-table fashion. The restaurant was quickly named Canada’s Best Restaurant and continues to top the list. After CHARCUT https://www.charcut.com/, came the opening of charbar https://www.charbar.ca/ in 2015, an Argentine-inspired restaurant with Italian and Spanish influences where the parilla wood-fired grill warms in the heart of the restaurant. Located in the Historical building along the Bow River in the re-established East Village of Calgary, the Simmons quickly became the focal point for cyclists, runners and families exploring the Riverwalk community, and was named Calgary’s best new restaurant for 2015. The most resent adventure is just hatched CHIX Eggshop a "Fast-Fine Diner" which is a quirky, nostalgic, counter service–only breakfast and lunch spot with skillfully crafted and quickly served dishes alongside super hip craft beverages and cocktails. John’s passion for food and business is strong, but his love for cycling is what drives him in the search for balance, with over 14,000km each year (never had a driver’s licence) John finds a way to ride everyday even in the -40c temperatures throughout the winter months. John is active not only cycling races and commuting but also riding for a cause. He formed a team of riders "The Canadians" that participate each year in the No Kid Hungry "Chefs Cycle" a 480km ride over three days crushing childhood hunger. His magnetic energy is contagious, sharing encouraging and passionate stories to fuel those around him shifting our culinary landscape into a positive and empowering one of balance. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
In this video interview, https://canadaspodcast.com/article/video-economy-compelling-young-canadians-to-explore-alternative-ways-to-purchase-a-home-re-max/Samantha Villiard, Regional Vice President, RE/MAX Canada https://www.remax.ca/on/samantha-villiard-p100050938-ag, discusses a new report indicating young Canadians are seeking alternative ways to buy homes in the country due to higher interest rates, the price of housing and the high cost of living. PRESS RELEASE TORONTO, Feb. 27, 2024 /CNW/ — Economic factors, including the high cost of living, high interest rates and the price of housing, are prompting one-third of Canadians to explore alternative ways of entering the housing market (32 per cent), according to a Leger survey commissioned by RE/MAX Canada. When asked to consider the future, almost half of Canadians say they would keep non-traditional methods of buying a home in the mix (48 per cent). A new RE/MAX report titled Alternative Home Ownership Models: Trends in the Canadian Housing Market https://www.remax.ca/on/samantha-villiard-p100050938-ag examined 22 cities across Canada and assessed trends in non-traditional home-ownership models, including co-ownership with friends and family, rent-to-own scenarios, and purchasing homes with additional units or suites for income potential, as opposed to more traditional avenues. “Canadians from coast to coast are grappling with affordability challenges, but at the same time, their desire to achieve home ownership remains strong. This is prompting many to seriously consider alternative ways to get their foot in the door, where it might not be feasible under the traditional ownership model of a single person or couple purchasing with between five and 20 per cent down,” says Christopher Alexander, President of RE/MAX Canada. According to Leger research commissioned by RE/MAX in late 2023, the majority of Canadians believe home ownership is the best investment they can make (73 per cent). This sentiment has remained consistent with a 2022 survey, indicating that despite economic turbulence, Canadians still see value in home ownership. “With high interest rates plateauing, and potentially lowering in the latter half of 2024, now may be a good time to consider getting into the market, especially for those who have been taking a ‘wait-and-see’ approach,” says Benjamin Tal, Deputy Chief Economist of CIBC World Markets Inc. “Despite some interest rate reprieve in 2024, Canada is still dealing with an affordability crisis due to a lack of inventory and increasing demand, which will persist until the country addresses the problem adequately. Considering this, creative solutions like co-ownership may be an option for many Canadian home-buyers looking to achieve the dream of home ownership.” Non-traditional home ownership models are also emblematic of a new, modernized chapter in what it means to be a “homeowner,” an identifier more often associated with an individual or a couple. “But creativity in the home-buying process is a workaround, not a solution to Canada’s affordability crisis. Like modern, innovative home-buyers, our governments must be more strategic and visionary in how we can use existing lands and real estate to drive our housing supply to allow for a greater diversity of housing for all Canadians,” says Alexander. “Despite ongoing affordability and supply crises, Canadians still dream of home ownership, and as they wait for governments to come together to create a cohesive, national housing strategy, they’ve become innovative and resourceful in achieving this dream.” According to a Leger survey commissioned on behalf of RE/MAX Canada, 48 per cent of Canadians would consider purchasing a home using an alternative model. Among Canadians, 22 per cent would purchase under a rent-to-own scenario; 21 per cent would consider co-ownership with a family member that isn’t a spouse or partner; and 17 per cent would consider purchasing a home intending to be the primary tenant and renting out a part of the home to someone else. There’s also a cohort of Canadians that is open to the idea of non-traditional home ownership but is not sure what the process would entail (49 per cent). Of those who are open to this idea, the majority (59 per cent) believe working with a Realtor who could advise on how to navigate the non-traditional purchasing journey would be beneficial. Additional Insights According to the Leger survey, 13 per cent of current homeowners purchased a home in a non-traditional way. Demographically, young (aged 18-34) homeowners (25 per cent), and BIPoC Canadians (27 per cent) are significantly more likely to have purchased their home using an alternative method. Likewise, young (aged 18-34) Canadians (70 per cent), BIPoC Canadians (72 per cent), and Canadians with children under 18 (71 per cent) who would consider non-traditional home-ownership but are not sure what the process would entail, are more likely to agree that working with a licensed Realtor who specializes in non-traditional home ownership situations would be beneficial in their home-buying journey. Regional Market Insights RE/MAX Canada brokers and agents across the country provided insights into non-traditional home-buying trends in their local market. According to the network, 71 per cent of regions surveyed noted a slight uptick in non-traditional home-ownership situations. Western Canada RE/MAX brokers and agents in Vancouver, Victoria, Kelowna, Calgary, Edmonton and Winnipeg, have reported income/secondary suites, joint tenants, and tenants in common as the most common non-traditional home-ownership models1, however, secondary suites are the most popular choice among home-buyers in 2024. Kelowna is an outlier and listed reverse mortgages as its second most common alternative ownership model. Secondary suites are used to generate income by renting to a tenant, or for intergenerational housing. More affordable cities in Western Canada, such as Saskatoon, Regina, and Nanaimo are not observing the same trends. In Edmonton and Winnipeg, increased immigration has sparked an uptick in home-buyers seeking properties with secondary suites and intergenerational accommodations. By comparison, in more expensive markets such as Vancouver, Kelowna and Victoria, brokers and agents are reporting a growing popularity of income suites for income potential or to mitigate mortgage costs. In Vancouver, many buyers who purchase a home with a secondary suite are doing so for additional income to help with mortgage costs. Victoria is also experiencing an increase in co-ownership with friends or family within the last two years due to high prices. This trend is anticipated to continue in Western Canada markets, with areas experiencing the biggest influx of newcomers from out of province and internationally seeing the biggest shift toward non-traditional ownership models. For instance, Winnipeg is anticipating an increase of between 10 to 12 per cent of first-time home-buyers entering non-traditional home ownership setups, whereas Victoria is anticipating an increase of only two to five per cent. Ontario Ongoing affordability and supply issues, coupled with increased migration, have caused non-traditional home-ownership models to increase over the last year in markets such as London, Toronto, Brampton, Mississauga, Sudbury, Hamilton–Burlington and Oakville. According to RE/MAX brokers, the top three non-traditional home-ownership models are tenants in common, secondary suites and joint tenants. In London, Brampton and Mississauga, home-buyers are increasingly searching for properties with secondary suites to accommodate intergenerational households. In London, parents commonly purchase homes with their children to operate as an intergenerational family unit and assist with childcare and household expenses. By contrast, in Mississauga and Brampton, which are experiencing an expanding immigrant population, secondary suites are intended to accommodate extended family members or to generate rental income to support the costs of growing extended families. According to the RE/MAX broker in Hamilton–Burlington–Oakville, sales data in the region that looks at ownership composition has many agreements with multiple names on purchases, meaning there are likely a variety of instances of joint ownership. Multigenerational buyers have also increased in the region, anecdotally, by approximately 300 per cent over the last five years. This is especially prevalent among families, with co-ownership or shared equity among parents and/or even grandparents. Likewise, these regions are seeing an uptick in reverse mortgages, especially among older residents to either get the property they want or use the funds in another investment. In Ontario cities such as Brampton, Mississauga and London, municipal governments have recognized the benefits of secondary income suites and have implemented supportive policies to encourage their development through streamlined approval processes and relaxed zoning restrictions. Brokers reported the number of Canadians entering non-traditional home-buyer situations in markets like London, ON and Toronto, ON, is anticipated to increase between eight to 10 per cent, and in Mississauga and Brampton, it could be as high as 35 per cent with a five per cent year-over-year increase moving forward. Like Western Canada, while multi-generational living is on the radar in more affordable Ontario cities, such as Ottawa, the number of buyers is minimal. Independent living is still affordable in Ottawa, and the region is attracting more young families than its more costly counterparts. Montreal In Montreal, a lack of inventory paired with affordability issues, has caused an uptick in buyers looking towards non-traditional methods of home ownership. This trend is expected to continue. When home-buyers in Montreal do opt for non-traditional purchasing models, the most common forms are co-ownership/co-equity, tenants in common, and income/secondary suites. Secondary suites specifically, are becoming more popular, but according to the RE/MAX broker in Montreal, present legislation must be amended to make these suites more accessible to the general population. Due to ongoing affordability challenges in the area, it’s anticipated that Montreal could see a 10 to 15 per cent increase in home-buyers exploring creative solutions to engage with the housing market this year. Atlantic Canada In Atlantic Canada, some brokers reported an increase in joint tenants, co-ownership/co-equity and a rise in popularity of homes with in-law suites for additional income potential. In Moncton, NB and Halifax, NS, a lack of inventory is ongoing, resulting in buyers becoming more creative in how they purchase homes and the type of home they short-list. Similar to Ontario regions that are encouraging the development of secondary suites, in November 2023, the City of Moncton proposed a $10,000 grant for adding a basement apartment, garden suite, or second housing unit on a residential lot, which could further encourage residents to purchase homes with additional suites. Similarly, Halifax has seen greater flexibility from the municipal government to develop secondary suites. In Charlottetown, P.E.I, there has also been an uptick in buyers in the region entering non-traditional forms of home-ownership, with income/secondary suites, followed by co-ownership/co-equity and rent-to-own being some of the most common forms in the region. Affordability is another factor driving trends in alternative home ownership methods in Halifax. According to the RE/MAX broker in Halifax, families and friends purchasing homes together and living together has been a trend to mitigate costs for a while and it’s expected to continue – and even increase in 2024 due to current inflation and interest rate climates. Brokers in Moncton, NB, and Halifax NS are anticipating seeing approximately five to 15 per cent of buyers enter non-traditional home ownership situations in 2024. While the RE/MAX broker in Charlottetown, P.E.I., is anticipating five to 10 per cent. Due to the relative affordability of St. John’s, NF, compared to other Canadian regions, non-traditional home ownership is currently not a trend. Advice to Buyers: Research, research, research: Research Realtors, lenders, lawyers and mortgage brokers with experience in non-traditional home-ownership agreements. Get informed on the benefits and drawbacks of non-traditional home-ownership models before you start your buying journey. Understand the tax implications: Non-traditional home-ownership models often include different tax impacts and benefits. Consult a tax professional and weigh the taxes you may or may not be subjected to prior to entering any non-traditional models of home ownership. Learn about the different forms of home ownership and choose the one that’s right for you and your situation: For anyone looking at rent-to-own, structure the agreement and the monthly payments such that the lender will accept it to fund a mortgage utilizing that as your down payment in the future. This is the most common way that rental buyers lose their money, sometimes negligently by the seller or landlord, and sometimes intentionally setting them up to fail to keep their cash. It’s not a one-size-fits-all solution: While demand for secondary suites has seen an increase in many Canadian regions, and does offer potential income benefits, RE/MAX brokers caution buyers that these suites do come with barriers to entry, specifically timing. It may take owners a while to break-even on the income potential of secondary suites. About the report: This report includes data and insights provided by RE/MAX brokerages. RE/MAX brokers and agents are surveyed on market activity, local developments and trends. About Leger Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,522 Canadians was completed between January 19 and January 22, 2024, using Leger’s online panel. Leger’s online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size (1,522) would yield a margin of error of +/- 2.5 per cent, 19 times out of 20. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario-Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children’s Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca. Mario Toneguzzi is Managing Editor of Canada’s Podcast. https://www.linkedin.com/in/mariotoneguzzi/He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. 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In the course of the interview, the conversation delved into the entrepreneurial insights of Moufeed Kaddoura https://www.linkedin.com/in/moufeed/?originalSubdomain=ca. The emphasis was on a crucial element of entrepreneurial success – an unyielding passion for one's chosen venture. Throughout the discussion, Moufeed underscored the importance of finding a passion that consumes one's thoughts and actions, highlighting the pivotal role that genuine love for the chosen path plays in sustaining long-term commitment. Moufeed articulately expressed a deep connection between personal passion and its broader societal impact, contending that the true brilliance of scientific achievements lies in their tangible benefits to people. As Moufeed's entrepreneurial journey unfolded, they shared insights into their pivotal role in establishing a health company, emphasizing the mission to bridge the gap between scientific innovation and practical application in healthcare settings. Ultimately, Moufeed's entrepreneurial narrative revolves around an unwavering commitment to bringing science and innovation to the forefront of clinical practice, all driven by a profound love for the meaningful work they engage in. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Calgary entrepreneur Tammy Phan https://www.linkedin.com/in/tammy-le-phan/ is the Founder and owner of luxury consignment platform Luxe Du Jour https://ldj.com/. Since 2016, Luxe Du Jour has cultivated a vibrant community of over 40,000 ‘bag addicts’ engaging in the buying, selling, renting and restoration of luxury bags and accessories. Luxe Du Jour has two corporate offices in Calgary, Alberta and Irving, California, along with additional subsidiary international locations in Malaysia, Hong Kong, and Thailand. Luxe Du Jour started in 2016 with the intent to bring sustainability to the luxury market. Luxe Du Jour promotes a shop, rent, revive approach to circular fashion, extending the life of luxury items while striving to offer the lowest consignment rates in North America. Luxe Du Jour has expanded its services through Luxe Bag Spa, Luxe Bag Rental and the new app, providing a one-stop shop for clients. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Smile Organic Co. https://smileorganic.com/ est le fruit d’une idée originale de la naturopathe Delphine Boillot https://www.linkedin.com/in/delphine-boillot-6266211a, avocate corporative et mère de trois enfants qui a créé cette entreprise il y a 6 ans lorsqu’elle ne trouvait pas d’alternative saine et nutritive au lait pour ses enfants. Si « la nécessité est mère de l’invention », alors Delphine est une mère dont la mission consiste à mettre sur le marché une gamme variée de produits alimentaires, de suppléments et de collations à base de plantes pour les enfants. Chemin faisant, deux femmes sensibles aux questions de santé ont rejoint Boillot, en l’occurrence, la dentiste et chirurgienne Sophie Godbout, mère d’un fils et d’une fille et Katia Pacioretty, mère de cinq enfants (ensemble, elles ont 10 enfants!). Les entrepreneurs sont l’épine dorsale de l’économie canadienne. Pour soutenir les entreprises canadiennes, abonnez-vous à notre chaîne YouTube et suivez-nous sur Facebook, Instagram, LinkedIn et Twitter. Vous voulez rester au courant des derniers podcasts et actualités #entrepreneur? Abonnez-vous à notre newsletter bimensuelle https://www.canadaspodcast.com/newsletter-signup.
In this video interview, https://youtu.be/njCIzqWiG5E?si=vctm7DSA-tbi3PRHAndrew Carros, Chief Operating Officer of Engel & Völkers https://www.linkedin.com/in/andrew-carros-personal-real-estate-corporation-99a14b18/, Vancouver, discusses how rising costs are driving mom-and-pop house flippers out of the real estate market. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homes #Housing #Investment #Real Estate
In this video interview, https://youtu.be/u2xc3JFLJ6g?si=u4TwH6KLvpaqU62SGrady Semmens, a communications specialist in Calgary https://www.linkedin.com/in/grady-semmens/, discusses his passion for cold water therapy and a world record attempt upcoming in Calgary for a man spending time in ice. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. businessCanada's Number One Podcast for EntrepreneursCold WaterentrepreneursentrepreneurshipHealthsmall business
In this video interview https://youtu.be/bUPHlFuJD-g?si=h2_fjWCK1eTpixNo, Bradlee Whidden, Western Policy analyst, https://www.linkedin.com/in/bradleewhidden/Canadian Federation of Independent Business, discusses the latest Alberta’s 2024 Property Tax Report and its impact on small businesses in the province. FULL PRESS RELEASE Calgary, February 13, 2024 – According to the Canadian Federation of Independent Business’ (CFIB) Alberta’s 2024 Property Tax Report, municipal property taxes have continually increased for businesses over the last five years. The report shows that without municipal action property tax fairness is expected to get worse for businesses owners, who already bear the burden of property taxes. In the report, CFIB defines the property tax rate ratio as the difference between the tax rate paid by businesses and residents. The tax fairness ratio is defined as the difference between the share of property taxes paid by businesses and their share of property assessment. “Small businesses across the province have seen property taxes steadily increase over the past few years, representing the most direct cost from municipal governments and must be paid regardless of revenue,” said Andrew Sennyah, Alberta senior policy analyst. “Municipal governments continue to raise property taxes to make up for increased spending. Compared to residents the impact of increasing property taxes affects business owners more, which is why we are calling on municipalities to commit to property tax fairness.” Over half (53%) of Alberta small business owners identified property taxes as the most harmful tax or cost for their business, more than any other province in Canada. Additionally, almost three quarters (74%) say their municipal government is not paying attention to small business issues. CFIB is calling on all municipal governments to reduce spending and commit to property tax fairness. Key findings from the report include: Property taxes are expected to grow at a faster rate than municipal spending in most of Alberta’s largest municipalities. Businesses pay a property tax rate ratio three times higher than residents in Alberta’s four largest cities. Leduc had the best property tax fairness ratio at 1.18 while Calgary had the worst tax fairness ratio at 2.68. In Calgary the tax rate ratio is expected to increase to 5.07 by 2027, triggering provincial intervention by violating the Municipal Government Act. In Calgary and Edmonton, a 2% tax shift over four years (8% total) would save the average business property $28,415 compared to a cost increase of $1,031 for the average residence. “Alberta small businesses continue to shoulder a significant portion of municipal property taxes while using less municipal services,” concluded Sennyah. “Alberta small businesses are facing the same economic hardships felt across the province and real leadership is needed from municipal governments to ensure the survival and growth of our local economies.” Read the full report here. https://www.cfib-fcei.ca/en/research-economic-analysis/path-forward-municipal-property-tax-fairness-alberta?hs_preview=vKCkFVJx-156077598261 Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/ is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #CFIB #entrepreneurs #entrepreneurship #smallbusiness #Taxes
With a 10x growth from 40-400 franchises in the past decade Cathy Thorpe https://ca.linkedin.com/in/cathythorpe CEO of NurseNextDoor https://www.nursenextdoor.com/ is a classic example of a founder bringing in a driven entrepreneur to build a business. Cathy Thorpe brings over two decades of leadership experience in the retail industry to Nurse Next Door. Cathy joined the company in 2014 with the mission of growing the business across North America. Cathy has achieved her goal by pushing boundaries to deliver measurable results and by disrupting the home care space. Cathy has been recognized for delivering strong results in the business community across North America. Nurse Next Door was awarded Canada's most admired corporate culture by Waterstone in 2018 and was ranked #50 on Entrepreneur’s Franchise 500 list for 2018. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Nancy Nasr https://www.linkedin.com/in/nancy-nasr-abaa5124 is the Founder of Think Stunning https://www.thinkstunning.com/, a boutique located in Southcentre Mall that offers Women, Baby, and home accessories made and designed by women. In 2017 with a vision of helping women feel great about themselves with fun and stylish accessories, Think Stunning became a brick-and-mortar store. Each accessory is carefully curated and crafted, and it tells a story written by the incredible women she has had the privilege to collaborate with, each bringing a unique touch to its collections. Think Stunning has overcome many challenges, and has moved with resilience to adapt to different markets. In essence, Nasr is creating a movement by giving women a platform to shine and offering exceptional products. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
In this video interview, https://youtu.be/VBJDzcqrLGY?si=ZbYKCOpcbeqmxRYPKaren Yolevski, COO of Royal LePage, https://www.linkedin.com/in/karenyolevski/talks about the impact the extension of the foreign homebuyer ban will have on the real estate market in Canada. The federal government has announced a two-year extension on the ban of foreign nationals buying homes in Canada, as housing affordability concerns continue to trouble Canadians across the country. In 2022, the federal government passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which bans foreign investors from buying non-recreational residential property in Canada. The Act was previously set to expire on January 1st, 2025, and has been extended to January 1st, 2027. Given that housing affordability has not greatly improved since the Act’s implementation, Royal LePage believes that an extension to the foreign buyer ban will not make a material difference on bettering access to housing for Canadians. “We do not foresee an extension to the foreign buyer ban resulting in a drastic improvement to housing affordability. Non-Canadian property ownership makes up a small percentage of the overall housing market, therefore a ban on such ownership is not likely to improve access to housing in a material way,” said Karen Yolevski, COO, Royal LePage Real Estate Services Ltd. “Given the imbalance between available inventory and buyer demand, the best way to solve Canada’s housing crisis is to significantly increase supply.” Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homeownership #Homes #Housing #RealEstate #small business
In this video interview, https://youtu.be/Q5yrr9m6COg?si=aDm8RMtrK01XfFmIChris Alexander, President of RE/MAX Canada https://www.linkedin.com/in/christopher-alexander-4170a736/, discusses the real estate company’s latest 2024 Tax Report and the impact of taxes and other rising costs on housing affordability in the country. FULL PRESS RELEASE TORONTO, Feb. 6, 2024 /CNW/ — While land transfer taxes and new property assessments in key markets appear to have little effect on the surface, eroding affordability levels are slowly shifting migration patterns and changing the landscape in major Canadian centres, according to a new report released today by RE/MAX Canada. RE/MAX Canada’s 2024 Tax Report https://blog.remax.ca/taxes-contributing-to-shift-to-more-affordable-canadian-housing-markets/examined key markets in six Canadian provinces, including Vancouver, Calgary, Winnipeg, Toronto, Montreal and Halifax, and found governments at all levels are collecting billions from Canadian homebuyers through levies and development fees on new construction, as well as land transfer and property taxes on residential properties. Tax rate increases, in tandem with record-high housing values and mortgage rates, have sparked a post-pandemic exodus from the country’s most expensive markets, contributing to a significant uptick in interprovincial migration numbers in Alberta and Atlantic Canada in 2023. While some homebuyers were content to move outside of core markets within their province, close to 60,000 Canadians found their answer to the current housing crisis in Alberta and, to a lesser extent, Nova Scotia, New Brunswick and Prince Edward Island. According to Statistics Canada’s Quarterly Demographic Estimates, Provinces and Territories Interactive Map, interprovincial migration doubled over already-strong year-ago levels in the first three quarters of 2023 in Alberta, with the province welcoming 45,194 people, compared to 22,278 during the same period in 2022. Alberta gained the most interprovincial migrants in the third quarter of 2023, with the highest influx coming from Ontario (6,262), followed by BC (5,269), Saskatchewan (1,579) and Manitoba (1,316). Nova Scotia also saw more than 5,000 new residents in the first three quarters of 2023, following an influx of close to 10,000 interprovincial migrants during the same period in 2022. New Brunswick’s net interprovincial total was almost 4,500 in the first three quarters of 2023, while Prince Edward Island posted a net interprovincial increase of just over 1,000. All other provinces noted negative net interprovincial numbers, with more people leaving than arriving. Source: Real Estate Board of Greater Vancouver (REBGV), Calgary Real Estate Board (CREB), Toronto Regional Real Estate Board (TRREB), Quebec Professional Association of Real Estate Brokers (QPAREB). Local boards provided by RE/MAX brokers. *Benchmark Price for all properties in December **Non-residents pay five per cent deed transfer tax in Nova Scotia ***First-time Home Buyer exemption/rebate applied to Vancouver and Toronto/GTA “Given today’s housing market realities, it comes as no surprise that buyers are willing to travel across the country to achieve home ownership,” says RE/MAX Canada President Christopher Alexander. “In addition to affordable housing values and extensive job opportunities, Alberta is well known for its position on taxation, with no provincial sales tax and zero land transfer tax on residential real estate. Cash-rich buyers from provinces such as Ontario and British Columbia are aware that the sale of their property in Toronto or Vancouver will stretch that much further in Alberta or Atlantic Canada’s major centres. And for first-time buyers, it’s an opportunity to get into the market at an affordable price point and gain equity, as opposed to paying down someone else’s mortgage by renting.” According to the Fraser Institute’s 24 Facts for 2024 Report, https://blog.remax.ca/taxes-contributing-to-shift-to-more-affordable-canadian-housing-markets/the average Canadian family pays 45.3 per cent of its income to taxes – more than the 35.6 per cent spent on necessities of life. Regressive tax policies are also to blame for the changing migration patterns. Land transfer taxes were introduced across Canada in the 1970s as a method of generating revenue for municipalities, regardless of income. The highest land transfer taxes are found in Toronto, where buyers pay a municipal land transfer tax as well as a provincial tax. On January 1, 2024, Toronto upped the ante, introducing a luxury tax on home sales over $3 million. While the existing municipal land transfer tax (MLTT) essentially remains the same under $3 million, homebuyers that cross the threshold will find a sliding scale of taxes that range from 3.5 per cent on sales over $3 million to 7.5 per cent on sales over $20 million. On an average-priced home in the city, buyers can expect to pay close to $40,000 in taxes. “When you think about what a $40,000 tax bill payable upon closing could do if it was applied to a down payment, it’s clearly time to incentivize the first domino,” says Alexander. “The first order of business should be revisiting the first-time buyer rebate/exemption in Toronto and Vancouver, because at $400,000 and $500,000–$525,000 respectively, they’re woefully inadequate given the average or benchmark price of properties in those cities.” A survey conducted by Leger on behalf of RE/MAX in mid-2023 found that more than one in four Canadians (28 per cent) agreed the land transfer tax has impacted their decision to participate in the housing market. The home-buying decisions of young Canadians were particularly impacted, with 40 per cent of Gen Z and 35 per cent of Millennials agreeing that the land transfer tax has played a role in their pursuit of home ownership, compared to 26 per cent of Gen X and 21 per cent of Baby Boomers.* As a result, there is a growing wave of younger people who are choosing to leave major centres and provinces to attain home ownership. Not surprisingly, some of the fastest-growing municipalities are inside or close to urban areas, according to Statistics Canada 2021 Census. For example, East Gwillimbury in the Greater Toronto Area experienced the greatest increase in population between 2016 and 2021 with a 44.4-per-cent uptick; Langford, outside of Victoria, BC, and Southern Gulf Islands just outside Vancouver, were up 31.8 and 28.9 per cent respectively; Niverville, on the outskirts of Winnipeg was up 29 per cent; Carignan just outside Montreal was up 24.1 per cent; while Wolfville, Nova Scotia was up 20.5 per cent. New and proposed property tax reassessments are also creating confusion in markets across the country, including Toronto, Montreal and Halifax, with some properties assessed above recent sale prices. The Province of Ontario has yet again postponed its reassessment. With the Municipal Property Assessment Corporation (MPAC) still operating at levels assessed in 2016, new assessments in the province for the years 2023 and 2024 will likely be significantly higher when distributed. The burden is even higher on new home construction within Canada’s most expensive markets. In Toronto, for example, taxes, levies and development fees on new condominiums – the first step to home ownership for many Canadians – is estimated to account for approximately 25 to 30 per cent of the overall purchase price. On a unit priced at $717,000, the average price for a condominium in Toronto at year-end, that accounts for roughly $180,000 to $215,000 paid by the purchaser. New low-rise housing is no exception. Based on a study by Altus Group, the Building Industry and Land Development Association (BILD) found that government fees, taxes and charges added $222,000 to the cost of an average, new single-family home in the Greater Toronto Area (GTA) in 2019 – three times higher than in major U.S. markets such as San Francisco, Miami, Boston, New York City, Chicago, and Houston. “The goal should be to make home ownership more accessible, not less,” says Alexander. “Taxation is contributing to the demise of the Canadian dream, with home ownership across the country falling from peak levels reported in 2011, and it will continue to decline unless there is some intervention. A greater supply of affordable housing in major centres will have a sizeable impact on keeping the dream alive. However, if we don’t heed the call, we risk continued out-migration of our youth.” Rising tax levels and quality of life have become a growing concern in cities throughout North America as well. Driven by domestic out-migration, more than 600,000 people left New York State for Florida, Texas, and other low-tax states in 2020 and 2023, according to US Census Data. Internal Revenue Services (IRS) data show the state lost an estimated $45 billion in taxable income between 2020 and 2023. Florida, on the other hand, welcomed more than 700,000 people during the same period, as the state’s favourable tax structure proved irresistible to buyers. “Clearly, public policy is contributing to a myriad of issues – with affordability front and centre – and there’s no relief in sight,” says Alexander. “Shelter is a basic human need, yet accessibility is becoming increasingly problematic as government reliance on the housing sector as a means of funding creates a greater divide. Affordability and opportunity are key to healthy and sustainable real estate market activity and a vibrant economy. As such, the potential economic impact of ongoing out-migration on the future of individual provinces should raise alarm bells.” Market by Market Overview** Greater Vancouver The tax burden weighs most heavily on buyers in markets such as the Greater Vancouver Area where housing values are amongst the highest in the country. Yet first time, move up, and downsizing buyers remain determined to move forward, regardless of tax implications. In fact, home-buying activity in the Greater Vancouver Area is off to a strong start in 2024, as buyers who’ve sat on the sidelines throughout 2023 re-enter the market en masse. The imbalance between supply and demand has prompted a flurry of multiple offers on properties at affordable price points. While land transfer taxes are the cost of doing business in Vancouver and purchasers have come to begrudgingly accept that reality, property taxes are amongst the lowest in the country. High interest rates were the greatest impediment to home-buying activity in Vancouver throughout 2023, with the threat of ever-rising mortgage rates creating havoc in the market. With the expectation of an end to quantitative tightening, homebuyers are hoping to get into the market before values climb once again. Evidence of the trending has been apparent over the past two months, as fixed rates have now come down about one half of a per cent. Inflation appears to be heading in the right direction, although slower than originally anticipated. The first-time buyer’s rebate has proven inadequate in a market that had an average benchmark price of $1,168,700. Few first-time buyers qualify at the current $525,000 threshold. Properties up to $499,999 are eligible for a full tax exemption while properties priced from $500,000 to $524,999 are eligible for partial repayment. There are currently 43 properties listed for sale under $525,000 in the City of Vancouver. The full land transfer tax is obligatory on property priced at more than $525,000. Surprisingly, the first-time buyer’s exemption on new construction is considerably higher, with exemption available on homes priced up to $750,000. While buyers are faced with the additional cost of a government sales tax (GST) on their new home, there’s really no reason the threshold of $750,000 shouldn’t be applied equitably. Unfortunately, the higher cost of living in the province is driving movement out of the province, with many young families and retirees heading for neighbouring Alberta where BC dollars go a lot further. Data compiled for the first nine months of 2023 by the Statistics Canada Quarterly Demographic Estimates: Provinces and Territories Interactive Map showed a decline in net interprovincial migration numbers, with British Columbia registering close to 6,000 people leaving BC. Years ago, the trend had been to move to the Okanagan to take advantage of lower prices, but in recent years, strong migration levels have accelerated housing values in cities such as Kelowna, Kamloops and Penticton. Net international migration numbers for the same period show more than 150,000 immigrants, net emigration and net non-permanent residents entering the province in the first three-quarters of 2023. Methodology for Residential Property Transfer Tax First $200,000 – taxed at 1 per cent $200,000 – $2,000,000 – taxed at 2 per cent $2 million to $3 million – taxed at 3 per cent Over $3 million – taxed at 5 per cent Calgary Home-buying activity continues at a frenzied pace in the Calgary area as affordable housing values and lower tax rates incentivize an increasing number of out-of-province buyers to move to Alberta. In the first three quarters of 2023, the province welcomed just over 45,000 interprovincial residents, according to the Statistics Canada Quarterly Demographic Estimates: Provinces and Territories Interactive Dashboard. During the same period, net international migration rose by almost 100,000 people, including new immigrants, net emigration, and net non-permanent residents. Buyers from Ontario and BC remain most active in the province, with the vast majority settling in the City of Calgary where the average price at year end 2023 hovered at $539,313, according to the Calgary Real Estate Board. Home ownership in the city can be attained for as low as $350,000, with the condominium apartment category seeing the highest year-over-year increase in sales in 2023. Younger buyers as well as retirees and investors are behind the push for housing. Tight market conditions persist throughout the city, however, with local buyers vying for prime properties with cash-rich purchasers from Ontario and British Columbia. As a result, many seasoned local buyers have moved to the sidelines in the latter half of 2023, choosing not to participate in the frothy market. Entry-level buyers, representing approximately 20 to 30 per cent of the market, are driving activity between $350,000 to $650,000. Those first-time buyers that have scrimped and saved for a down payment are largely targeting two-bedroom, one bath condominium apartment properties priced between $350,000 to $400,000. First-time buyers are fortunate enough to have some help from the bank of mom and dad are typically seeking single detached starter homes in the $500,000 to $650,000 price range. Land transfer taxes are non-existent in Alberta, although most buyers pay a registration fee around $300. There are no provincial sales taxes. The combination of lower taxes, affordable housing, and greater job opportunities are expected to continue to draw purchasers from out-of-province, many of whom have been priced out by rapidly rising housing values and taxes in their own provinces. Zero Residential Property Transfer Tax – All properties, all price points Winnipeg A significant uptick in housing sales and values in the last six weeks of 2023 has set the stage for home-buying activity in Winnipeg in 2024. Listings that had lingered on the market were quickly snapped up, some in multiple-offer situations, between mid-November and mid-December. The same momentum has been noted in the first two weeks of January as the potential for an end to the Bank of Canada’s stance on quantitative tightening grows increasingly likely after four rate pauses in a row. There has been a considerable increase in the number of renters getting into the market, in large part due to rental rates that look more like mortgage payments at present. First time buyers, many of whom are new to the country, would rather own their homes than paying off someone else’s mortgage. As such, the land transfer and property taxes are just part of the process, despite property rate taxes that are amongst the highest in the country. The vast majority of first-time purchasers are coming to the table with at least two percent of the property’s value set aside for land transfer taxes and closing costs. For move up buyers, they’ve generally factored the land transfer tax into the equation. However, at higher price points, from $750,000 to $1 million, buyers may put their decision to move on pause, opting to renovate instead. Seniors, particularly those who have lost partners and live alone, may choose to age in place rather than undertaking the additional costs, not to mention the stress of a move. The greatest activity remains at lower price points, where inventory levels are particularly low. Winnipeg is one of the most affordable housing markets in the country with an average price in 2023 hovering at just over $400,000 (approximately $5,700 in land transfer tax). Most first-time buyers are looking at properties priced between $350,000 and $450,000. Trade-up buyers are typically active between $500,000 and $750,000. Like other parts of the country, overall housing stock in the city remains low. Yet, net international migration, comprised of immigrants, net emigration, and net non-permanent residents, added an estimated 36,000 to Manitoba’s population in the first three quarters of 2023, according to Statistics Canada Quarterly Demographic Estimates: Provinces and Territories Interactive Dashboard. Population growth is expected to contribute to housing market activity in Winnipeg in the year ahead, bolstered by an anticipated fall in interest rates in the second or third quarters. Methodology for Residential Land Transfer Tax 0 – $30,000 – No Tax $30,001 to $90,000 – 0.5 per cent $90,001 to $150,000 – 1 per cent $150,001 to $200,000 – 1.5 per cent $200,000 and above – 2 per cent Greater Toronto Area After a flurry of home-buying activity at luxury price points in the final quarter of 2023 in Toronto Proper due to upcoming changes to the city’s 2024 land transfer taxes, the housing market has slowed in the Greater Toronto Area. Sales are currently trending on par or slightly ahead of year-ago levels, with economic concerns and high interest rates leaving many buyers sitting on the sidelines. While the Bank of Canada (BOC) held firm on rates in January for the fourth consecutive time since its July 2023 rate hike, inflation remains high, placing the BOC in a challenging position. That said, there are signs that quantitative tightening is drawing to a close and some economists predict rates will start coming down by mid-year. With the promise of lower rates on the horizon, the spring market is expected to be active, with trade-up buyers leading the charge, cashing in on equity gains realized over the past decade. Unlike years prior, this spring market will be characterized by a greater selection of homes available for sale and less competition in the marketplace. Sales in the spring will ideally position seasoned buyers with a three-month closing to potentially dovetail with interest rate cuts. First-time buyers, however, will continue to struggle to achieve home ownership, given a continuation of tight inventory levels at entry-level price points from $500,000 to $1,000,000. That, combined with the government stress test that adds an additional two percentage points to existing rates is hurting those who’ve been able to accumulate a down payment and transfer taxes but are unable to qualify at today’s rates plus two per cent. The unfortunate fact is that many potential homebuyers are already paying rates similar to a mortgage on their rental units while inflation continues to eat away at their savings. The 416 area-code remains popular with younger buyers who want to be close to shops, restaurants and transportation. The additional municipal land transfer tax fails to deter this segment of the market. However, for those starting a family, the 905 area-code generally offers greater affordability and one less transfer tax. Hybrid workplaces have also made moving north, east, and west of the city an easier transition, requiring only one or two days a week travelling on the GTA’s busy highways. For existing homeowners located in the city core, the expense of a move with its associated municipal and provincial land transfer taxes and closing costs have prompted some to consider renovation. By upgrading their home, making cosmetic changes to kitchen, bathrooms and flooring, homeowners are adding value to their properties down the road. While renovation can have its own challenges, it is an option that many are taking given the high cost of moving. Ongoing conversations regarding a 10 to 16 per cent increase in property taxes are another issue that stems from a city that is burdened by rising costs and a stagnating downtown core. Fundamentally regressive taxing punishes the city’s most vulnerable homeowners – its seniors – many who are on fixed incomes. Taxes are based on the value of the property but have nothing to do with income. While the only certainties in life are death and taxes, there needs to be better solution to the current structure. Taxation is not actually deterring most buyers from getting into the market, but it is somewhat hampering, especially at entry-level price points. The current structure allows for a full rebate of municipal and provincial land transfer taxes of up to $400,000 for first-time buyers. There are currently close to 250 “properties” listed for sale under the $400,000 price point, the vast majority of which are parking spaces, lockers and vacant land. Although buyers are still active in the Toronto market, there are those that are moving to areas outside of the GTA where housing values are lower. And, in the first three quarter of 2023, there were more people leaving the province than arriving, with net interprovincial migration numbers down by just over 32,500, according to Statistics Canada Quarterly Demographic Estimates: Provinces and Territories Interactive Dashboard. While interprovincial migration has been offset by close to half a million immigrants, net emigration, and net non-permanent residents, it’s clear the cost of living in Ontario – with its high housing values and tax base – is resulting in migration to other areas of the country. Methodology for Municipal Land Transfer Tax on Residential Properties Up to $55,000: 0.5 per cent Up to $250,000: 1 per cent Up to $400,000: 1.5 per cent Up to $2 million: 2 per cent $2 million Up to $2.999 million: 2.5 per cent $3 million to $3.999 million: 3.5 per cent $4 million to $4.999 million: 4.5 per cent $5 million to $9.999 million: 5.5 per cent $10 million to $19.999 million: 6.5 per cent $20 million plus: 7.5 per cent Methodology for Provincial Land Transfer Tax on Residential Properties Up to $55,000: 0.5 per cent Up to $250,000: 1 per cent Up to $400,000: 1.5 per cent Up to $2 million: 2 per cent More than $2 million: 2.5 per cent Montreal While higher interest rates and the threat of a possible recession seriously hampered home-buying activity in Montreal over the past year, housing taxes –in the form of a welcome tax and property tax—proved to be a negligible part of the equation in 2023. The sentiment is largely due to Montreal’s affordable housing market, where average price at year-end 2023 ($574,845) remains well below other large Canadian markets such as Toronto and Vancouver. Buyers can expect to pay a welcome tax of close to $8,000, payable upon closing, based on the 2023 year-end average. First-time buyers, defined as those who have never owned a home, are not eligible for a rebate but can receive the Quebec Home Buyers Tax Credit on their tax return. Set by the city, property tax rates currently run at approximately 0.63000 per cent in Montreal, adding another $3,183 to the annual cost of home ownership, based the average price. A recent update to property assessments have made headlines in Quebec as the province moves to bring assessments in line with today’s housing values. The new assessments have, however, caused confusion in the market, particularly given that some homes have been assessed above recent sale prices. After a dismal 2023, renewed momentum is expected to characterize home-buying activity in Montreal in 2024. Properties appear to be moving at a faster pace than year-ago levels while showings and open houses are growing busier. First-time buyers are cautiously optimistic, entering the market at price points ranging between $450,000 and $750,000. While condominiums are the first step to home ownership at lower price points in the city, first-time buyers willing to move farther afield may find small, detached homes priced around $750,000. The trade-up market has been impacted by an abundance of offers conditional on the sale of the buyers’ home within 30 days in recent months. Many of these offers are falling through as buyers fail to sell their homes and new buyers lie waiting in the wings. As a result, existing homeowners are choosing to sit tight, hesitant to sell first for fear that they won’t find another suitable home. Yet, they are also hesitant to buy first and go through the motions, only for the deal to die after 30-days. As a result, some buyers will choose to renovate their property, instead of embarking on a move. The promise of lower interest rates down the road is bringing some comfort to buyers and sellers. Once rates start to decline, which could potentially happen as early as April, home buying activity is expected to gain traction. The market at present, however, remains tenuous, with any unexpected development having the potential to disrupt the whole market. Methodology for residential land transfer tax in Montreal 0.5 per cent on the first $58,000 1.0 percent between $58,900 and $294,600 1.5 per cent between $294,600 to $552,300 2.0 per cent between $552,300 to $1,104,700 2.5 per cent between $1,104,700 to $2,136,500 3.5 per cent between $2,136,500 to $3,113,000 4.0 per cent on homes priced over $4,113,000 Halifax Regional Municipality (HRM) With housing market uncertainty seeping into January 2024, homebuyers in Halifax are banking of the prospect of lower interest rates down the road to revitalize home-buying activity. Demand remains relatively healthy in hot pocket areas, where well-priced properties are selling in short order, but in areas where greater selection exists, turnover is slow. Given the current high interest rate environment, many buyers are choosing to stay in place until the first interest rate cut is announced. Once that occurs, it’s expected that buyers will enter the market in full force, hoping to get in before prices increase. Immigration and in-migration have factored into the housing equation, with both ramping up significantly since 2020. According to Statistics Canada, Nova Scotia’s population rose five per cent between 2016 to 2021, settling in at just under 970,000, with the provincial government committed to doubling the population to two million by 2060. In 2023, more than 5,300 interprovincial migrants and over 20,000 immigrants moved to Nova Scotia in the first three quarters of the year – the vast majority settling in Halifax – according to Statistics Canada Quarterly Demographic Estimates, Provinces and Territories Interactive Dashboard. The increase came as a surprise, driving upward momentum in housing values, as buyers from other provinces and countries arrive flush with cash, outspending the average Halifax buyer in large part due to stronger buying power. Inventory levels have improved significantly over one year ago, but less than 1,000 homes are currently listed for sale. First-time buyers in the Halifax housing market are finding it particularly stressful as of late to compete for homes in the sweet spot – priced from $350,000 to $500,000. Some are moving between one and two hours outside of Halifax to take advantage lower house prices. With remote work increasingly accepted, the necessity to be located in Halifax has waned. Halifax urbanization and development in recent years is also a factor, with traffic, construction, and increased congestion prompting buyers to look at areas outside the Halifax Regional Municipality. Taxation has played a greater role in the market this year, as new reassessments mailed out in January reflected strong growth in housing values over the Covid years. Residential assessments are up about 20 per cent over last year, one of the largest increases in the history of the province. Numbers vary by community or municipality, with Halifax up 21.1 per cent. In addition, the new reassessments will not be capped after the sale of a home, which could see property taxes increase further for the next buyer. Deed transfer tax at 1.5 per cent on the purchase of a home in Halifax is an on-going hardship for first—time buyers, although there has been a first-time buyer plan in place that allows first-time buyers to repay the debt over a longer period. This is woefully inadequate at a time when it’s important to incentivize the first domino. However, unlike other major areas of the country, housing values are still relatively affordable here. First-time buyers are laser focused on home ownership as rental rates rise. Many spend years saving 10 to 20 per cent down payments, only to be told they owe another 1.5 per cent upon closing, in addition to all other closing costs. The combination of reassessment and the deed transfer tax have also prompted some buyers to stay in place, especially at higher price points. Many are choosing to renovate rather than move. For non-residents, Nova Scotia charges a five per cent Provincial Deed Transfer Tax. Prices were up over 2022 at year-end 2023, sitting at $552,700 (up from $536,700 one year prior). Supply issues, like other parts of the country, exist and while development fees and approvals are slow and far between, there are more condominiums and freehold properties being added the city’s housing stock. However, its estimated that the Halifax market is still 30,000 to 35,000 units short of what the city needs, given the governments vision for growth. Under the present conditions, there’s no question that prices will continue to rise in the year ahead, with sales rising in tandem with falling interest rates. Methodology for Deed Transfer Tax in Nova Scotia Deed Transfer Tax in the Halifax Regional Municipality for residents is 1.5 per cent on purchase price. Deed Transfer Tax in Nova Scotia for out of province/country buyers is 5 per cent on purchase price. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homes #Housing #RealEstate #smallbusiness #Taxes
In this video interview, https://youtu.be/XQ0LEyrUzKc?si=mI__69V4vH3PE7Am Cal Jungwirth, Director of Permanent Placement Services https://www.linkedin.com/in/cal-jungwirth-222b8017/ with Robert Half, discusses some new research indicating more than four in 10 professionals today are looking for a new job. He talks about the reasons for that and what companies need to do to attract and retain people. PRESS RELEASE Despite an uncertain economy leading to less turnover in the labour market recently, the demand for skilled talent remains high, which is good news for the Canadian professionals looking for new opportunities. According to new Robert Half research, https://press.roberthalf.ca/2024-02-06-Many-Workers-Planning-to-Change-Jobs-While-Demand-for-Skilled-Talent-Continues 42 per cent of workers have already started looking or plan to look for a new job in the first half of 2024, up slightly from 41 per cent in July 2023, but down from 50 per cent in December 2022. Professionals Most Likely to Make a Move February 2024 July 2023 Gen Z 67% 64% Marketing and Creative 67% 51% Millennial's 57% 49% HR 72% 42% Workers’ Main Motivators With inflation and cost of living top of many people’s minds, it’s no surprise that salary is the largest motivating factor. When asked what would lead them to look for a new position, workers cited: A higher salary (47%) More advancement opportunities (32%) Better perks and benefits (31%) A job with more flexibility (31%) What’s Making People Stay? Though slightly more professionals are seeking new roles compared to 6 months ago, the number is down from where it was a year ago. Some of the reasons behind this are: Their current job offers a level of flexibility that they aren’t willing to lose (38%) They feel fulfilled in their current role (36%) They feel well compensated for their work (30%) Demand is High for Skilled Workers Our research shows that over half (54 per cent) of hiring managers are actively seeking talent for new roles, mostly to support company growth, and organizations are primed to move ahead with strategic initiatives. However, competition for professionals with in-demand skills remains high. Most managers (64 per cent) say it takes longer to hire now than a year ago, and they risk losing skilled people to competitors if they don’t speed things up. For more information about The Demand for Skilled Talent, visit our report here. About the Research The online survey was developed by Robert Half and conducted by an independent research firm from October 27-November 17, 2023. It includes responses from more than 765 workers 18 and older in finance and accounting, technology, marketing and creative, legal, administrative and customer support, human resources, and other areas at companies with 20 or more employees in Canada. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/ is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #Employment #entrepreneurs #entrepreneurship #Jobs #Labour #smallbusiness
In this video interview https://youtu.be/MXqij0366ko?si=Id5qwzt6kWkwcYyR, Dan Kelly, President of the Canadian Federation of Independent Business, https://www.linkedin.com/in/dan-kelly-ab44909/ discusses the money the federal government has not returned to small businesses from the carbon tax. PRESS RELEASE Toronto, February 8, 2024 – The federal government has been sitting on $2.5 billion in carbon tax revenue collected since 2019 despite repeated promises to return it to small businesses in Ontario, Manitoba, Saskatchewan and Alberta, says the Canadian Federation of Independent Business (CFIB). The federal government pledged to return 10% of carbon tax revenue back to small businesses, farmers and Indigenous people but has returned almost zero since the tax began. On top of that, the carbon tax is increasing to $80 per tonne on April 1. “This is particularly troubling as the tax was expanded to all four Atlantic provinces in July of last year. There is no mechanism in place to return a dime to small businesses paying the federal carbon tax in eight provinces,” said CFIB president Dan Kelly. “No wonder some Indigenous organizations are taking the federal government to court.” Making matters worse, CFIB estimates small businesses actually pay 40% of the costs of the carbon tax, yet they are only supposed to receive up to 10% of the revenue once Ottawa gets around to figuring out a way to return the dollars as promised. “While the federal government charges carbon taxes to all small businesses, they plan to rebate only a select few in emissions-intensive and trade-exposed sectors, whatever that means,” Kelly added. Finally, CFIB is very concerned that the federal government may have already decided to lower the allocation for small businesses in order to pay for the changes made last fall to double the rural consumer rebate. “The Deputy Prime Minister’s office confirmed the changes will be funded through an ‘excess allocation in future years,’ which we interpret as the 10% that is supposed to be returned to small business,” Kelly said. “Canada’s carbon tax system is a mess and is deeply unfair to Canada’s small businesses who are the second largest payer of the levy after consumers. It’s not surprising that a strong majority of small firms are now opposed to the federal carbon tax regime.” While Canada considers the future of the carbon tax system, CFIB is urging the federal government to: Immediately return the $2.5 billion owed to all small businesses in Ontario, Alberta, Manitoba and Saskatchewan. Immediately develop a simple rebate formula to return 10% of ongoing carbon tax revenue to small businesses across all eight provinces on a quarterly basis, with a plan to raise it to 40%. Reject the Senate amendments and expedite the passing of Bill C-234 to exempt natural gas and propane used for on-farm activities, as originally drafted. Freeze the carbon tax at its current level. Exempt all heating fuels, including natural gas. “With the new year bringing new costs, we’re calling on Ottawa to take some concrete action and do more to help small businesses facing financial hardships. The government can show small firms that it’s listening to them by freezing the carbon tax while fixing the broken carbon backstop system,” said Corinne Pohlmann, Executive Vice-President of Advocacy at CFIB. CFIB has launched a petition to ensure the voice of Canada’s small businesses is heard in Ottawa. Small businesses can sign CFIB’s petition calling for carbon tax fairness https://link.mediaoutreach.meltwater.com/ls/click?upn=rWhfMMIZ3nNBQUEeSKM1cholloOBPrT2Ztm4rG6TiAzkXwjQvfa9FF-2BbeBnYTXSPfJTDjIyOml5iY7PiDG06xN4phuoErHC9GE25E6aH8QgbzXTuyZEf-2FwNFISbwQ-2BySb-2BJpwo4i8noWiU6cp-2Fvu52841sz2s-2FUqsH034NZzd4NbmDENExg43vHUQuCDZ5F1aENpaNY3ZMA0uGLj3HqHcdfiAyveLrCamq3X3XFXF6o-3DYS4w_VBhl8qDqdsVZvfgioVnTDT6JwUh9HR7hjTAo-2FryPZVYRcOzvEIrjPCiJQg-2FiP-2F8gLe-2F9PBj0p8AJwQhdDQJNdTv6TSiyvOU9-2BT2CL7hcpoaH-2F8jbKm-2F827LEXmy7qAB0mPABxr-2FLEgTFzVr3Lu5Y1et8kXfwfA0m-2FEw0iQB4o0KzLNEe-2FxPj-2FtT6t9dSkI6cNZ9yY9jPlK2jKSYRWTtHoHzYc5ze3d6Fe0t4ogMSPpa-2Bbge19PennBChlj0Pq3dxOVFsfhW7egFwo94Fn5sZA-2Fzwjed7IST1mcYti7cxy1Yc97dVmYCSArWigVFLP0aixFLCwQXjvEj-2FIScDS86vZsRZ6gS3y-2FzNrt74Ij9774lsY62z1G5Ea-2BZUN-2B1btJEwXluiQddCa6LvSOkucgn-2BgQ-3D-3D. Mario Toneguzzi https://www.linkedin.com/in/mariotoneguzzi/is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube - 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. business https://canadaspodcast.com/content_tag/business/Canada's Number One https://canadaspodcast.com/content_tag/canadas-number-one/carbon tax https://canadaspodcast.com/content_tag/carbon-tax/CFIB https://canadaspodcast.com/content_tag/cfib/entrepreneurs https://canadaspodcast.com/content_tag/entrepreneurs/entrepreneurship https://canadaspodcast.com/content_tag/entrepreneurship/small business https://canadaspodcast.com/content_tag/small-business/Tax https://canadaspodcast.com/content_tag/tax/
Karen Richard https://www.linkedin.com/in/iamkarenrichard/ is a recovering pediatric Speech-Language Pathologist, kid-lit lover with a nerdy heart, and the CEO and co-founder of Made Live https://made.live. Based out of Vernon, BC, Made Live is an AI-assisted end-to-end children's book publishing platform dedicated to simplifying the publishing process for aspiring authors. Transitioning from a career in speech-language pathology, where books were pivotal tools for developing language skills, Karen ventured into writing and self-publishing her own work. Confronted with the complexities, inefficiencies, and gatekeeping prevalent in the industry, she was inspired to forge a new path and the creation of Made Live. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
James Szojka https://www.linkedin.com/in/james-szojka-07771269/ started Yard Dawgs Lawn Care in 2014 as a tuition pay-off plan. Being allergic to grass, it was supposed to be a couple of years and summer only job. But after graduating from university, he decided to give the business a full year of his attention to see what would happen as he did love the industry and building a team. He went all in on the company's niche: making lawns green, weed free and healthy. Fast forward to 2024, the company is operating with 17 trucks, and it is planning to take care of over 6,000 clients this upcoming season. He's become obsessed with being the best lawn care company in the city, and now has the goal of being Canada’s largest lawn care company. During the winter months and now throughout the year he also runs "The Dirt Life" channel on YouTube, which focuses on coaching others to in starting their own lawn care companies. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
Gary Lamphier https://www.linkedin.com/in/gary-lamphier-7347011a/, Principal of Lamphier Communications, was a business journalist for 34 years at various major international, national and regional newspapers. He covered virtually all major industries and key companies in Canada. He's been a corporate communications consultant for more than 10 years. He explains the importance of storytelling in both these industries and discusses the Alberta economy. Entrepreneurs are the backbone of Canada’s economy. To support Canada’s businesses, subscribe to our YouTube https://www.youtube.com/canadaspodcast channel and follow us on Facebook https://www.facebook.com/canadaspodcast/, Instagram http://instagram.com/canadaspodcast, LinkedIn https://www.linkedin.com/company/canadas-podcast/ and Twitter https://twitter.com/canadaspodcast. Want to stay up-to-date on the latest #entrepreneur podcasts and news? Subscribe https://canadaspodcast.com/newsletter-signup to our bi-weekly newsletter
