The Bank of Canada and other central banks around the world have artificially lowered interest rates, making investment and risk-taking much cheaper.
In light of public outcry, the B.C. government has tasked a committee to examine real estate practices such as flipping and shadow assignment.
Pour un Grand Montréal plus compétitif – un assouplissement du processus réglementaire de la construction résidentielle
Entre les deux derniers recensements (2006 et 2011), la croissance de la population dans l’agglomération montréalaise a été de 5,2%, surpassant largement la moyenne provinciale de 4,7%.
In an effort to make housing more affordable in Greater Vancouver, B.C.’s latest budget exempts newly-built homes worth up to $750,000 from the property transfer tax.
Local land-use regulations inhibit the building of new homes, contributing to price increases.
Housing markets in Canada’s largest cities are once again the subject of national news, this time because of an increase of the minimum down payments for government-backed mortgages.
Ottawa, where red tape is the thickest, should look across the river to Gatineau, which imposes less of a regulatory burden on building.
Residential development approval timelines in four Capital Region municipalities average one year or longer
If it takes too long to get city hall’s approval for housing developments, the supply of new homes may lag behind demand.
A recent study found that 70 per cent of detached homes listed in Vancouver’s West Side went to Mainland Chinese buyers. But is this a problem?
Like most taxes, the land-transfer tax does more than transfer money from homebuyers to the government—it stifles economic activity and makes moving less attractive.