When the Prohibition on the Purchase of Residential Property by Non-Canadians Act — aka the foreign buyer ban — came into effect on January 1, the real estate industry’s efforts to get it amended had already begun. Many in the industry were unhappy that the Government...
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The housing affordability crisis is a problem across Canada, but it is one that is disproportionately affecting BIPOC and LGBTQ2S+ communities who experience higher barriers to housing attainment. The Ontario Real Estate Association (OREA) has repeatedly called on all...
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...