Foreign investments in Canada are growing The significant decline of foreign investments into Canadian economy last year was caused by oil and gas sector. Meanwhile, other industries keep attracting foreign capital. According to the latest report by Statistics Canada, if we exclude oil and gas from...

Two large banks in Canada raise their posted rates – how will it affect borrowers? Two big Canadian banks decided to raise their benchmark rates for five-year fixed-rate mortgages. On Wednesday, TD increased its posted rate for five-year fixed mortgages from 5.14% to 5.59%. According to mortgage...

Millennials’ homebuying budgets fell down by $40,000 because of the new stress test A recent study reveals that homebuying budgets of Canadian millennials were down by 16% or slightly more than $40,000 because of the stricter mortgage qualification rules introduced in January. Young buyers are reacting...

Most Canadians support foreign buyers tax and mortgage stress tests The recent poll by a housing information portal Zoocasa shows that consumer support for government measures aimed at the influence of foreign buyers on Canadian home prices is still very high. The report says 70% of...

Will Toronto follow Vancouver in making money from vacant properties? The recent tax for vacant properties implemented in Vancouver may provide $30 million in revenue just during the first year of operating. According to Vancouver Mayor Gregor Robertson, $17 million has already been received from owners...