The Canadian government has announced amendments to the regulations surrounding the country’s foreign homebuyer ban. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect on Jan.1, as an attempt, the government said previously,...
The rollout of the next stage of Ontario’s Trust in Real Estate Services Act (TRESA) is facing delays. The second phase of TRESA, intended to replace the decades-old Real Estate and Business Brokers Act (REBBA), was scheduled to take effect on Apr. 1. It introduces...
Ontario's Spring Budget continues to build on the Provincial Government’s mission to create economically thriving and vibrant communities across the province and invest in infrastructure for future growth. Specifically, the budget prioritizes mental health funding,...
"Realtors are expecting Canadians to move off the housing market's sidelines this spring. They expect potential buyers to start hunting for a home because the Bank of Canada has eased up on interest rate hikes. The quick succession of increases eroded buying power as...
The Canadian government has launched a housing accelerator fund (HAF)— a $4 billion initiative aimed at speeding up housing development in Canada and fast-tracking the creation of 100,000 new homes. According to a news release from the Prime Minister’s office, the...
The housing affordability crisis is a growing problem across Canada, one that is disproportionately affecting disadvantaged communities who find it harder to get safe, affordable housing due to historically discriminatory practices and social injustices. In order to...
CDREB President Troy Vaillancourt and President-Elect Vicki VanderVeen (left) presented a $3000 cheque to Habitat for Humanity Cornwall yesterday. The grant, provided by The Ontario REALTORS Care® Foundation and the Cornwall and District Real Estate Board, was...
The release of new real estate market data from the Canadian Real Estate Association (“CREA”) today shows why Ontario policy makers should stay the course on taking bold action to save the Canadian dream of home ownership by increasing housing supply. While prices are...
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 56 units in December 2022. This was a sharp decrease of 30.9% from December 2021. Home sales were 13.6% below the five-year average and 7.3% below the 10-year...