Homebuyers
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Investors flee Toronto condos as market shifts to 1st-time homebuyers: reportToronto’s cooling condo market is pushing out investors and opening the door for first-time buyers as prices drop and power shifts to buyers.EconomyOct 23
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Nova Scotia Realtors want province to drop planned increase to deed transfer taxThe Nova Scotia government's plan to double the deed transfer tax for non-resident homebuyers should be reconsidered, says the province’s Realtors association.EconomyMar 14
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August was slow month for homebuyers in N.B.The Canadian Real Estate Association reports that August was a slow month for homebuyers in our region. One local real estate spokesperson predicts the market will soon heat up in New Brunswick, while another expert highlights that factors influencing market trends are quite complex. Anna Mandin reports.CanadaSep 23, 2024
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Homebuyers must save decades before buying in Ontario’s largest cities: reportA study says gaps in saving timelines between singles and couples seeking to buy a starter home are getting larger across Ontario, particularly in pricier markets.CanadaFeb 27, 2024
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Sales surged on cheaper detached homes in some big markets — then came rate hikesInterest rate hikes have prompted buyers to "step back," but RE/MAX Canada executive VP Elton Ash said with the lack of inventory of houses there may not be a big pricing change.CanadaAug 22, 2023
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Ontario to expand deposit insurance coverage to credit unions for homebuyersPublic and Business Service Delivery Minister Kaleed Rasheed says the measures will help protect Ontario credit union members who are saving for their first home.CanadaMar 31, 2023
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Canada’s ban on foreign homebuyers comes into effect on Jan. 1. Here’s what to knowStarting in the new year, foreign commercial enterprises and people will not be allowed to buy residential properties in Canada for two years.CanadaJan 1, 2023
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B.C. government announces new homebuyer protection periodA protection period of three days will be implemented in 2023 for potential homebuyers in B.C., the first of its kind in Canada.ConsumerJul 21, 2022
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B.C. financial regulator advises three day ‘cooling off’ period for homebuyersThe report says buyers should not be allowed to waive the period in which they would be allowed to back out of a purchase agreement, with exceptions such as court-ordered sales.EconomyMay 26, 2022
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Saskatoon city council moves forward with green home loan programCouncillors voted to start a project to loan residents money to retrofit their houses and make them more energy efficient. The administration said it could be running this year.CanadaFeb 22, 2021
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