Affordability in Canada is a hot-button issue in several housing markets across the country. Property prices increase and affordability decreases as the population flocks to major urban centres. For instance, the Greater Toronto Area’s population is … Read More
The latest numbers have been released by the Toronto and Greater Vancouver real estate boards—and they reveal prices and sales continued to surge in March. Toronto, unsurprisingly, remains the fastest-growing real estate market in Canada as … Read More
The Government of British Columbia is making some changes to the tax on foreign homebuyers in Metro Vancouver.
It certainly hasn’t been a slow start to 2017. As a new U.S. president takes office, the Brexit’s aftermath unfolds, and Canada’s housing market continues to scorch, the coming year promises to be full of changes … Read More
With the introduction of British Columbia’s mortgage assistance program to help first-time homebuyers, you may be curious as to what an average mortgage payment in Vancouver looks like. According to the Canadian Real Estate Association (CREA), … Read More
Red tape is a key detriment to the availability of affordable housing, according to the Fraser Institute. The public policy think tank says higher-end communities are using red tape and development charges as a tool to … Read More
A new tax on foreign buyers seems to be having a negative effect on Metro Vancouver’s housing market as sales plunged by 26% in August.
British Columbia’s provincial government got to work and made significant changes that are expected to have a major impact on the housing market. Those changes, as well as the usual excitement about real estate, made up … Read More
There’s strong evidence of overvaluation in the country’s housing market, according to a Canada Mortgage and Housing Corporation (CMHC) report.
The federal government will establish a working group to study the current state of Canada’s housing market and provide policy recommendations, Finance Minister Bill Morneau announced on Thursday.