Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch
10/8/2024 | Posted in Government and Regulation by Jessi Sandhu
The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary ...
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Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations
9/17/2024 | Posted in Government and Regulation by Jessi Sandhu
The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” ...
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Housing minister says he's trying to convince big cities not to hike development charges
5/22/2024 | Posted in Government and Regulation by Jessi Sandhu
Toronto and Ottawa recently raised the fees despite a warning from Fraser that it would cut them off from future funds ...
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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%
4/16/2024 | Posted in Government and Regulation by Jessi Sandhu
Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks. ...
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Trudeau offers billions to boost homebuilding - with strings attached
4/2/2024 | Posted in Government and Regulation by Jessi Sandhu
Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development charges ...
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Canada reports fastest population growth in history in third quarter of 2023
1/22/2024 | Posted in Canada Living by Jessi Sandhu
Canada’s pace of population growth continues to set records as the country brings in a historic number of temporary residents, largely through international student and ...
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Overview of housing initiatives in the government's Fall Economic Statement
11/21/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
From a crackdown to short-term rentals to new investments to create more housing supply, the federal government made housing a key component of its Fall Economic Statement ...
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Canada's profligate spending forced interest rates higher: Scotiabank
11/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ...
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Struggling mortgage holders could see lenders waive fees under new guidelines
7/6/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
Ottawa has published a new set of guidelines to standardize how Canada’s federally regulated lenders offer mortgage relief to consumers struggling under the weight of higher ...
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Governments shunting 'dirty work' on inflation to Bank of Canada, CIBC says
6/13/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders warned. ...
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CMHC expands Insured Mortgage Purchase Program
3/26/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada beefs up liquidity plan with expanded mortgage guarantee ...
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Canada's COVID-19 Economic Response Plan: Support for Canadians and Businesses
3/18/2020 | Posted in Canada Living by Jessi Sandhu
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. ...
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Ontario stabilizing amid Fair Housing Plan, new mortgage rules - RBC
10/24/2017 | Posted in Ontario Real Estate by Jessi Sandhu
A renewed boost of consumer confidence will make itself apparent in the increased stability of Ontario’s residential real estate market, a few months after the introduction ...
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Banking head speaks out on Toronto real estate market
4/4/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Governments may have to impose more measures to cool Toronto’s housing market if prices remain “overheated” after the spring buying season, said Bank of Nova ...
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Government "very focused" on monitoring housing market: Finance Minister
3/6/2017 | Posted in Toronto Real Estate by Jessi Sandhu
The government remains “very focused” on monitoring the Canadian housing market, Finance Minister Bill Morneau said. His remarks come amid rising prices in Toronto and ...
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Government intervention in Toronto more likely by the day: RBC
1/30/2017 | Posted in Toronto Real Estate by Jessi Sandhu
In a report released last week, the Royal Bank of Canada cautioned that the trends and conditions in Toronto real estate point to the growing possibility of government ...
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