The Canadian government has announced amendments to the regulations surrounding the country’s foreign homebuyer ban. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect on Jan.1, as an attempt, the government said...
QUICK HITS The Canadian government has released regulations ahead of a ban on non-Canadians buying residential property, which is set to take effect on Jan. 1, 2023. The regulations outline exemptions for temporary residents who meet certain requirements,...
The shifting housing market is a hot topic of conversation, especially for agents with buyers waiting for a significant drop in home prices before making moves. So, will the broader market continue to transition to more favourable conditions for buyers? According...
QUICK HITS New national data from CREA shows home sales in Canada declined 3.3% month-over-month in November, while new listings were down 1.3%. Compared to November 2021, monthly activity declined nearly 40%, and the average home price was down 12%. According...
With less than a month until Canada’s new foreign buyer ban goes into effect, the real estate industry is still waiting for details about the legislation and how it will be implemented. On Tuesday, Michael Bourque, CEO of the Canadian Real Estate Association,...
