The idea that corporations are buying up Canadian homes and pricing out regular families has sparked debate, but the data paints a nuanced picture. While corporate ownership is a major issue in the U.S., with institutional investors accounting for 25% of home purchases, it’s still a relatively small phenomenon in Canada. The federal government is taking proactive steps, such as consultations to restrict corporate purchases of single-family homes, but a lack of transparency and reliable data clouds the full picture. Experts suggest that high taxes, regulatory red tape, and individual investors owning multiple properties are more significant contributors to Canada’s housing affordability crisis.

Canada is facing a housing affordability crisis, and while the federal government has announced bold initiatives, challenges persist. Key actions include cracking down on corporate investors in single-family homes, removing GST on student residences, and unlocking underused federal lands for housing development. However, issues like high construction costs, red tape, and a looming labor shortage threaten progress. Experts call for a focused, collaborative approach to reduce barriers, boost housing starts, and address long-term workforce needs. The time for action is now to ensure housing remains accessible for all Canadians.

Canada’s inflation rate surged to 2% in October 2024, surpassing economists' expectations of 1.9% and raising questions about the Bank of Canada’s anticipated rate cuts in December. The increase was driven by slower gas price declines and rising grocery costs. Core inflation measures, such as CPI-median and CPI-trim, also ticked up, signaling persistent price pressures. With mortgage interest rates up 14.7%, affordability challenges remain for buyers, while sellers might face cooling demand. As inflation stabilizes within the BoC’s target range, experts speculate whether a significant rate cut is still on the table.

Discover the latest trends in Canada's rental market, including the first rent decline since COVID. Learn how recent mortgage rule changes are making homeownership more accessible and what this means for real estate agents and mortgage brokers.

Here's' how the upcoming United States presidential election presents significant implications for Canadian real estate markets.

Poilievre has introduced a sweeping plan to eliminate the federal Goods and Services Tax (GST) on new homes priced under $1 million. Find out the implications to agents, brokers, buyers and sellers.

The Canadian real estate market is entering a transformative phase with a blend of favourable policy changes and economic shifts that could ignite a "perfect storm" for the industry.

Should I buy property in Ontario under as an individual or under a corporation? As a real estate agent, one of the most valuable services you can provide your clients is helping them understand whether to purchase property as an individual or through a corporation.

The Canadian condo market stands at a crossroads, shaped by diverse forces including investor activity, changing demographics, economic pressures, and evolving urban landscapes.

How homeowners can leverage their properties, potentially easing the housing crunch and creating new opportunities for real estate agents, mortgage brokers, and property owners alike.

Ontario's new open bidding law represents a significant shift in how real estate transactions can be conducted in the province.

OSFI eliminates the stress test for uninsured mortgage switches starting Nov 21, 2024.

Now is the time to stay top of mind and we’ve got a simple challenge for you that takes no more than 10 minutes a day, but can result in a tremendous amount of opportunities. Here’s a simple yet powerful strategy: the 5 Daily DMs Challenge.

Canadian real estate market shifts challenge long-held beliefs, as some sellers face unexpected shortfalls at closing

Canada is short 3.5 million homes, yet there is a Canadian condo market crisis that is in the early stages of brewing that impacts investors, speculators, renters, and every day Canadians who are starving for housing affordability.

Rentvesting is a growing trend in Canada's real estate market, allowing people to rent out their primary residence while renting in more expensive cities. This strategy helps build equity and potentially generate income, despite living in pricier areas. While offering flexibility and wealth-building opportunities, rentvesting requires careful planning and suits those comfortable with property management.

There are rumblings of a home equity tax being imposed on Canadian home owners

Canada faces a massive wave of mortgage renewals, with over 568,000 mortgages from major lenders set to renew in the next two years. Homeowners may face significantly higher payments, while mortgage brokers and realtors have a unique opportunity to guide clients through this challenging financial transition.

Mortgage brokers are constantly seeking ways to stay competitive, improve efficiency, and provide better service to their clients. Artificial Intelligence (AI) has emerged as a powerful tool that can revolutionize the mortgage industry

Notice of security interest (NOSI) will now be banned in Ontario in a move to protect homeowners

Home insurance premiums are surging at an alarming rate across Canada, impacting homeowners who are already strapped for cash

Title fraud, a form of real estate fraud, is perhaps one of the most distressing challenges a homeowner can face.

Traditionally, NOSIs (Notice of Security Interest) were utilized by legitimate businesses as a means to secure payment for home appliances, such as furnaces, air conditioning units, or water heaters, but lately scammers are leveraging NOSIs to extort unsuspecting homeowners.

Many Canadians homeowners are worried about their upcoming mortgage renewals. By being proactive and with the right planning, the stress and risk of mortgage renewals can be reduced

In Ontario, a new Real Estate act brings open and transparent offers to home buyers and sellers. Will it end blind bidding and how does it benefit buyers?

With millions of mortgages coming up for renewal over the next few years, is it worthwhile to switch lenders to get better rates and products at renewal time?

Many Canadians are facing a dilemma on whether they should walk away from a deposit on pre construction properties they purchased recently.

Learn about the new Canadian Mortgage Charter and how it intends to help Canadian homeowners manage and maintain their mortgage payments through proactive lender outreach, stress test exemptions for insured borrowers, and more.

As the Canadian government addresses the complex challenge of housing affordability, the changes to short-term rentals underscore some fundamental changes that may see short-term rentals disappear in the name of increasing the inventory of available properties to Canadian end-users.

On December 1, 2023, a new phase of the Trust in Real Estate Services Act (TRESA) is rolling in, waving goodbye to the old Real Estate and Business Brokers Act (REBBA). These changes are all about making things crystal clear and keeping you, the consumer, in the loop.

Solving Canada's housing affordability challenges and the government's response through the Enhanced GST Rental Rebate, a tax incentive aimed at fostering long-term rental units. Will the GST Rental rebate, be effective in addressing affordability concerns, amidst strong demand and changing interest rates.

The blog post explains the importance and key components of an Agreement of Purchase and Sale in Ontario.

AI empowers real estate agents with enhanced efficiency, targeted marketing, personalized experiences, and smarter analysis.

Toronto City Council approves multiplex housing to address housing crisis and accommodate growing population.

Understanding easements: benefits, challenges, and how to identify them on your property.

Ontario government proposes cooling-off period for new home sales to address housing affordability crisis.

Canadian real estate market heats up in March with interest rate hold, inflation improvement, and policy changes.

Canada's population growth due to international migration may increase housing prices and pose challenges.

Ontario residents are turning to Alberta's real estate market due to affordability and booming economy.

The importance of maintaining home insurance to protect against financial risks and mortgage consequences.

New tax and legislative changes in Canada aim to address housing affordability challenges.

Ottawa introduces vacant unit tax to encourage property occupancy and increase housing supply.

Buying a power of sale property requires careful consideration, inspection, and legal advice to avoid risks.

Understanding construction liens and how to resolve them to protect your property and rights.

The blog post discusses challenges faced by preconstruction buyers in the shifting real estate market.

New anti-flipping tax in Canada aims to reduce speculative demand and excessive price growth.

The Government of Canada is implementing a foreign buyer ban to cool down the real estate market.

The blog post discusses challenges faced by preconstruction buyers in the shifting real estate market.

Bank of Canada's interest rate decision and its implications for mortgage payments and trigger rates.

Summary: This blog post discusses the consequences of missing mortgage payments and provides tips to avoid foreclosure.

Fractional ownership offers new opportunities for real estate investment, but understanding the terms and risks is crucial.

Co-living offers an affordable option for home ownership, but requires careful planning and legal agreements.