Will the new First-Time Home Buyer Incentive drive up home prices?

The Liberal government wants to ramp up aid for first-time real estate buyers in some of the country’s priciest markets. Making good on a 2019 election promise, the latest federal fiscal update mentions revamping the First-Time Home Buyer Incentive (FTHBI) for those seeking to purchase a house in Vancouver, Victoria and Toronto. With the program, […]

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A mortgage rate of less than 1% now available in Canada

How would you like a mortgage with an interest rate of less than one per cent? That’s what HSBC, Canada’s seventh-largest bank by assets, is now advertising. The lender’s website now shows it is offering a new five-year variable mortgage rate of a mind-boggling low 0.99 per cent. It is a first in Canadian history in terms of bank-advertised rates, according […]

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Canadian housing showing strength, but not all markets are firing equally

A cross-country comparison of housing markets reveals housing markets are showing remarkable resilience except in Alberta and Saskatchewan. Recently released data by the Canadian Real Estate Association (CREA) shows that national residential real estate sales are accelerating faster than new listings, and prices are up in most places except the Prairies. Housing prices are also […]

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Luxury Real Estate Across the Globe Sees Lowest Rate of Growth in a Decade

London saw its high-end prices fall most significantly in the second quarter; Cape Town saw the most growth in the sector   High-end housing markets across the globe, beleaguered by the coronavirus pandemic and the accompanying damage to the economy, have reached their lowest rate of annual growth in almost a decade, according to the […]

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More farmers get access to affordable, available farmland in B.C.

MORE than 70 farmers from throughout British Columbia have found new opportunities in farming communities through the B.C. Land Matching Program (BCLMP). Delivered by Young Agrarians, the BCLMP connects new, young and established farmers with landholders seeking to lease their properties to ensure their land stays in production or starts producing food. Since the pilot launch, […]

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Ignore the gloomy forecast — property prices are not poised to decline 18%

CREA economist Shaun Cathcart on how the overheated markets before the crisis could become a source of strength after   Shaun Cathcart, senior economist at The Canadian Real Estate Association, talks to Financial Post’s Larysa Harapyn about the state of Canada’s real estate in the wake of the pandemic and how the overheated market could […]

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