The impact of Vancouver’s famously high real estate prices on the home-ownership dreams of young people could affect the Canadian economy for decades to come, according to one housing policy expert. Scottish economist Duncan MacLennan will be one of the international panelists participating in the City of Vancouver’s re:address conference on housing affordability later this month. He
Multiple forces are fuelling the Vancouver area’s real estate market, and it is unclear how much impact foreign buyers may be having on prices, according to Canada’s federal housing agency. Low interest rates, robust population and employment growth, limited housing supply and the proximity of protected areas collectively known as the Agricultural Land Reserve are
New real estate rules announced by the federal government Monday should dampen home sales across Canada, according to two major banks. Finance Minister Bill Morneau announced “three complementary measures designed to reinforce the Canadian housing finance system.” Among the changes, the government will close a loophole that allowed foreign buyers who are not residing in
