The Government of Canada announced a series of amendments to the Foreign Buyer Ban. These amendments increase some exemptions to the regulations, and are effective immediately. Of the four main changes to the ban, three were directly targeted toward development and allowing non-residents to develop property for the purpose of increasing housing supply for Canadians. The...Read More

More 30-year Mortgages & Higher Values For Insured Mortgages Finance Minister Chrystia Freeland announced Monday Canadians will be able to borrow for longer, while also increasing the maximum value for insured mortgages, potentially giving buyers more money in the housing market. Effective Dec 15th, 2024.  Cap on the maximum purchase price will increase from $1,000,000...Read More