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National Post
National Post
28 Apr 2024


NextImg:Increase in capital gains tax rate could spawn cottage sales boom

The new capital gains tax proposed in the Liberal budget has led to speculation that there might be a flood of cottages entering the market or a push for earlier closing dates as sellers try to avoid a hefty tax bill.

“I am seeing an increase in people wanting to list their properties now that this is going into effect,” said Beth Groom, a broker and owner of Cape Breton Realty.