In an attempt to address the ongoing housing supply and affordability crisis in Canada, the federal government announced earlier this month that the Prohibition on the Purchase of Residential Property by Non-Canadians Act – otherwise known as the foreign buyer ban – will be extended for an additional two years. The Act was previously set […]
Tag Archives: housing
With a new year now underway, Canadians can expect to see a variety of changes coming to federal, provincial and local government housing legislation in 2024. From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. Several of these policies promise to […]
National home prices close out 2023 above prior year, despite continued slowdown in market activity Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada Fourth quarter highlights: TORONTO, January 15, 2024 – According to the Royal LePage House Price Survey released today, the aggregate[1] price of a […]
TRREB: Elevated Borrowing Costs Taking a Toll on Housing AffordabilityTORONTO, ONTARIO, December 5, 2023 – High borrowing costs and uncertain economicconditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023.Sales were down on a year-over-year basis, while listings were up from last year’s trough insupply. With more choice in the market, […]
Alasdair Douglas 