Foreign Investors Banned From Buying Canadian Homes Starting Jan. 1
As of Jan. 1, 2023, foreign investors will be banned by the Canadian government from purchasing non-recreational residential ...
Source: theepochtimes.com
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They purchased homes right before the real estate downturn. Now, they're struggling to close
A group of Ontario residents who purchased pre-construction homes in Brampton at the peak of the recent real estate frenzy say they're now struggling to close on their deals because of a perfect storm of rising interest rates, falling home prices and stricter federal mortgage rules.
Source: cbc.ca
Expert highlights major red flags in Toronto's turbulent housing market
It's been a tumultuous year for Toronto's housing market, with prices, sales, and new listings dropping dramatically with each passing month. For o...
Source: blogto.com
Canada House Prices Set For Sharp Fall In 2023; BoC To Hike 75 Bps On Sept 7: Reuters Poll
Canada's soaring house prices will decline sharply next year, but still not enough to make them affordable as the Bank of Canada is set to continue raising interest rates and keep them higher for
Source: ibtimes.com
Canada's real estate market is cooling. Here's what to expect this fall
After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
Source: obj.ca