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No spike in cottage, investment property sales as new capital gains rules take effect

Three women in business suits walk through a set of double door. The woman in the middle front, Chrystia Freeland, wears a set of pearls and a confident smile.

Changes to the capital gains inclusion rate take effect today — and while some real estate experts say the changes are causing anxiety within the industry, a leading real estate association says it hasn’t seen a bump in sales of secondary residences.