Re/Max released an optimistic report this past week, citing that the housing market in Canada is not headed for a cooling down period. One fact that is making the organization lean in that direction is the number of bidding wars starting to pop up in various real estate markets around the country.

The city of Edmonton is blaming the province for the higher property tax its residents will see this year. Originally those residents were looking at a tax hike of about five percent, now it will be nearer to seven percent. Bryan Anderson, city councillor noted that residents were advised their taxes would be going up roughly 5.39 percent. That meant an average increase per property of $93. That was in December.