Foreign ban burns builders

Real estate developers say new rules aimed at boosting the housing supply may actually have the reverse effect.

Inflation and housing

Inflation is coming down, and the reason may lie in what’s happening in housing. 

How to steal a house

Stealing a house sounds like a difficult task, but recent scams show us it’s actually frighteningly easy.

Home prices tank

If you think of Canada’s housing market like a roller coaster, we’re at the part where the cart turns over the top of the drop, and you can’t help but wonder: “Why did I get on this thing?” 

Foreign home buyer ban may do little to lower prices

The federal government unveiled the details of a two-year ban on foreign home buyers set to kick in on January 1st (and as last-minute Christmas shoppers, we really get leaving the announcement to the very last minute).

What happened: The regulations will bar non-Canadians (anyone who isn’t a citizen or permanent resident) from purchasing houses in Canada for the next two years, with some exceptions.

Flip or tax flop

Starting in January, profits from sales of houses occupied for less than a year will be 100% taxable as income—barring certain exceptions, like death or work relocation.

The mortgage market is feeling the heat

The pain of rising interest rates is starting to spread across the housing market, and more people may soon find themselves facing larger monthly mortgage payments.

A failing fight against homelessness

In 2017, the government launched its National Housing Strategy to create more affordable housing, which includes a sub-plan aimed at cutting chronic homelessness in half by 2028.

Five years in, are the feds any closer to this goal? The short answer: No one knows. 

Real estate prices are (kind of) healing

Is it the beginning of the end of Canada’s real estate downturn? RBC thinks so.

Getting a mortgage isn’t getting any easier

As interest rate hikes drive up borrowing costs and, in turn, lower housing prices, many Canadians are asking for a break when it comes to their mortgage qualifying rate. 

Canada’s top financial regulator responded with a firm: “Nah, we’re good.”