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...

by Justin da Rosa | 16 Dec 2015 The Federal Reserve announced its benchmark rate target Wednesday afternoon and, as expected, raised the target for its benchmark rate. “Given the economic outlook, and recognizing the time it takes for policy actions to affect future...

by Justin da Rosa | 11 Dec 2015 New down payment rules will go into effective February 15, 2016. “The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities...

Rob Carrick The Globe and Mail Published Thursday, Sep. 24, 2015 7:06PM EDT This one’s for the housing true believers out there. You’re the buyers who keep pushing house prices higher in cities such as Vancouver, Toronto and Hamilton. Incomes are edging higher in these cities, prices...

October 20, 2015  Robert McLister  The Liberals’ new majority gives them all the power they need to influence Canada’s mortgage market. Interest rates, mortgage policy and affordable housing initiatives will all be affected. Here’s some of what the mortgage market...

By Randall Palmer and Leah Schnurr The Bank of Canada kept its key interest rate at 0.5 percent on Wednesday, declaring its previous two rate cuts were still stimulating an economy that is benefiting from solid household spending and a firm U.S. recovery. It posted the important...