A Brighter Future for Canadian Homebuyers These reforms represent the most significant updates to Canada’s mortgage landscape in years. By extending mortgage amortization periods, increasing the insured mortgage price cap, and enabling greater flexibility when switching lenders, the government is taking bold steps to make homeownership more accessible. With these new mortgage rules and savings […]

On Monday, the Government of Canada announced amendments to the foreign buyer ban, officially called the Prohibition on the Purchase of Residential Property by Non-Canadians Act, to expand exceptions to the regulations, easing concerns for developers nationwide. Amendments Overview: Foreign Control Threshold Raised to 10%: The amendment increases the maximum non-Canadian ownership allowed in real […]