Canada extends ban on foreign ownership of housing amid housing affordability crisis – WION

In response to growing concerns about housing affordability, Canada has taken a significant step by extending the ban on foreign ownership of Canadian housing for an additional two years. Deputy Prime Minister Chrystia Freeland announced the extension, emphasising the government’s commitment to addressing worries about Canadians being priced out of housing markets across the country. […]

Federal government extends foreign buyer ban on Canadian homes to 2027 – Vancouver Sun

Article content OTTAWA — Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said Sunday, the latest in a raft of measures aimed at addressing housing affordability concerns that have dogged the governing Liberals for months. Chrystia Freeland announced the extension in […]

Canada extends ban on home purchases by foreign buyers through 2026 – Vancouver Sun

Article content Canada has lengthened a ban on foreign homebuyers for two additional years as the country’s real estate market begins to show signs of a rebound, stoking concerns about the cost of shelter in cities like Vancouver and Toronto. Prime Minister Justin Trudeau’s government first prohibited non-Canadians from buying residential real estate in 2022, […]

This Week’s Top Stories: Canadian GDP May Delay Rate Cuts & Record Unsold Condos – Better Dwelling

Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Vancouver Laundering Model That Inflated Home Prices Moves To Toronto   Greater Toronto is increasingly showing signs a money laundering technique known as the “Vancouver Model” has moved there. A casino was hit with an $80k anti-money laundering fine after a patron flagged […]

The Toronto Special triplex’s case as the multi-family dwelling solution: Canadian real estate news for February 2 – The Globe and Mail

Open this photo in gallery: Home of the Week, 120 Rosedale Valley Rd., unit 405, Torontoshoot1space.com Here are The Globe and Mail’s top housing and real estate stories this week and one home worth a look. Take The Globe’s business and investing news quiz Leon’s Furniture plans to build new neighbourhood with nearly 4,000 housing […]

Former YTV child actor’s Northern Ontario real estate empire files for insolvency – The Globe and Mail

A sprawling real estate investment enterprise in Northern Ontario run by a former child actor has filed for creditor protection as it struggles to pay off debts of $144-million, largely from hundreds of individual private lenders including some who used retirement funds. Court records show that Robert “Robby” Clark – a U.S.-born actor who as […]

Transformation in Canada’s luxury real estate market: Sotheby’s 2023 recap and outlook for year ahead – REM | Real Estate Magazine

On Wednesday, in its Top Tier Report: 2023 Year in Review, Sotheby’s released its findings on last year and comparisons of different home types in Canada’s major metropolitan markets. Throughout 2023, Canada’s metropolitan luxury real estate market witnessed a shift in buyer behavior and negotiating power amid various challenges. Despite economic shocks, interest rate hikes […]

Canadian Mortgage Credit Experiences Slowest Growth Since 2001 – Better Dwelling

Canada is experiencing record population growth but unusually slow mortgage growth. Bank of Canada (BoC) data shows that outstanding residential credit growth slowed even further in November. It marked the slowest rate observed by Canadians in over two decades.  Canadians Owe $2.26 Trillion In Residential Mortgage Debt Canadian mortgage credit continues to advance despite elevated […]

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