The foreign home buyer tax that went into effect last August in Vancouver will no longer apply to residents of Metro Vancouver who have a valid work permit, according to Premier Christy Clark. While this appears to be a sudden move, the existing legislation doesn't...

by MBN | 17 Jan 2017 CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill,...

A new government program promises to match the down payment for eligible first-time homebuyers. The BC Government has announced today the BC Home Owner Mortgage and Equity Partnership Program. Under the program, the BC government will match down payment funds of eligible first-time homebuyers up to $37,500...

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations. In making the scheduled announcement, the central bank says while the global economy has strengthened, international uncertainty has negatively affected...

The Government of Canada recognizes the importance of a healthy, competitive and stable housing market for all Canadians, including the many Canadian families who count their principal residence as both their home and single biggest asset. The actions described below are meant to respond to...

Protecting the long-term financial security of Canadians is a cornerstone of the Government of Canada’s efforts to help the middle class and those working hard to join it. Recognizing that for many families, their homes are their most important asset, the Government is taking preventative...

by Ephraim Vecina The current wave of mass hysteria in Canada’s hottest residential real estate markets is overpowering consumers’ ability to consider their options in a rational manner, leading to many would-be buyers overextending themselves financially. “Many people, especially first time home buyers...

by Josh Wingrove Consumer confidence hit a fresh high this year as the number of Canadians expecting a decline in real-estate prices dropped, telephone polling shows. The Bloomberg Nanos Canadian Confidence Index rose to 57.9 from 57.8 a week earlier, reaching the highest level since...

by Ephraim Vecina | 16 Feb 2016 After its announcement in December, the federal government’s latest revisions to mortgage regulations are set to take effect beginning this week, raising concerns of homes moving ever out of reach of an increasing number of households. ...

1. Buyers of newly-built homes worth up to $750,000 will be exempt from the property transfer tax, saving up to $13,000, effective Wednesday (only for Canadian citizens or permanent residents). 2. The new home tax exemption will only apply to people who actually live in the...