foreign homebuyers

Chrystia Freeland announces etension to foreign buyer ban

Federal government extends foreign buyer ban until 2027

February 4, 2024 No Comments

The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

The latest in mortgage news: Feds amend foreign buyer ban

March 29, 2023 No Comments

The Government of Canada has unveiled four amendments to its foreign buyer ban less than three months after the legislation took effect.

The latest in mortgage news: BoC rate hike expectations grow

May 11, 2022 2 Comments

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

The Latest in Mortgage News: Housing Affordability Reaches Worst Level in 31 Years

April 1, 2022 No Comments

Housing affordability in Canada has deteriorated to its worst level in 31 years, according to RBC Economics.

Economic Recovery to be “Prolonged and Bumpy,” Says BoC’s Macklem

June 22, 2020 No Comments

Adopting a more pessimistic tone than his predecessor, new Bank of Canada Governor Tiff Macklem said the country faces a challenging path to economic recovery,

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