In the weeks and days leading up to Budget 2016, tax experts anticipated some big announcements regarding the Canadian real estate market. Why not? The Liberals campaigned on a promise to loosen the requirements of the Home Buyers’ Plan (HBP) and, more recently, vowed to do something about housing affordability. Reading between the lines, you
A new report on the behaviour of so-called “ultra-high net worth individuals” (UHNWIs) ranks Vancouver as the best-performing luxury housing market in the world. And it’s not close. Vancouver is number one on the 2016 Prime International Residential Index (PIRI), a list of 100 real estate markets ranked in order by year-over-year growth, which is
The Liberal government’s new, tighter mortgage rules were meant to help keep the housing market from overheating, but National Bank says the new rules are doing the opposite, at least for now. Economist Marc Pinsonneault says the new rules — which require a higher down payment on mortgages above $500,000 — account for some of
