Canada’s getting serious about housing supply… or at least trying to make you think it is. The Government of Canada (GoC) made its economic statement yesterday, including a plan to tax non-resident homeownership. The tax, which may be rolled out within the next year, sounds aggressive. However, two of the country’s most populated regions already have non-resident taxes...Read More

  This year no one could predict what would lie ahead for the housing market during the novel Coronavirus pandemic that spread across the globe like wildfire. For many, Canadians lost their jobs and were trying to live off government-assisted programs while trying to juggle their bills, but for others, they were presented with a great opportunity to dip their toes in the real estate market ...Read More

219 Milverton Blvd. People clamouring for space are pushing prices higher in the Toronto-area real estate market as buyers compete for properties. But some buyers are becoming wary of the bidding wars that have propelled prices to new records in the Greater Toronto Area. Leslie Battle, an agent with Royal LePage Real Estate Services Ltd., recently sold a three-bedroom house in the city’s eas...Read More

Why Canada’s Condo “Insurance Crisis” Should Make Investors Nervous   Canadian condo investors are facing another risk – rising insurance premiums. The event, which the industry is calling the “condo coverage crisis,” saw premiums rise at the end of last year. This trend of higher rates is expected to persist into the future, as replacement value...Read More

  A federal financial regulator announced Mondayit is winding down COVID-19-related relief for banks offering deferred mortgage payments, a move the watchdog says comes as lenders are in a better spot to start offering “business-as-usual alternatives” again to cash-strapped customers.  The Office of the Superintendent of Financial Institutions (OSFI) has allowed federally r...Read More

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Read in Maclean's: https://apple.news/AYF7nzAjLQPy0vL5omKjAuQ ...Read More

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