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Canada amends foreign homebuyer ban regulations

Canada amends foreign homebuyer ban regulations

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...
Canada’s shifting real estate market

Canada’s shifting real estate market

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...
Canadian home sales down in November: CREA

Canadian home sales down in November: CREA

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...