CanadaHousing

Poilievre Amplifies Commitment to Eliminate Sales Tax on Selected Homes in Canada

9 days ago

In a significant development in Canadian housing policy, Conservative leader Pierre Poilievre has escalated his pledges regarding the removal of the Goods and Services Tax (GST) on certain residential properties. This initiative aims to alleviate the financial burden on homebuyers in a market characterized by soaring prices and increasing affordability concerns.

Canada’s Homebuilding Slowdown Poses Challenging Obstacles for Trudeau’s Housing Targets

2 months ago

Recent reports indicate that Canada is experiencing a significant slowdown in home construction, presenting a formidable challenge to Prime Minister Justin Trudeau’s ambitious housing objectives. The country’s homebuilding industry has witnessed a sharp decline in new construction projects, primarily attributed to rising costs and increasing interest rates that continue to dampen the housing market.

Canada's Housing Minister Exits Trudeau's Cabinet Amidst Controversy

4 months ago

In a significant political shake-up, Canada's Housing Minister, who has been at the forefront of the country's housing policy reforms, has officially tendered his resignation from Prime Minister Justin Trudeau's cabinet. This unexpected departure has sent ripples through the political landscape just as the government grapples with escalating housing challenges and the criticisms that accompany them.

Canada's Strategy to Alleviate Housing Crisis: Immigration Levels to be Adjusted

5 months ago

In a significant development regarding Canada’s ongoing housing shortage, the federal government is reportedly considering a reduction in immigration numbers as part of a broader strategy to address the acute lack of affordable housing across the nation. This initiative comes amidst rising critiques from various housing watchdogs and advocacy groups who argue that the rapid pace of immigration has exacerbated housing demands beyond the current capacity.

Bank of Canada Cautions Against Adjusting Mortgage Regulations Amidst Economic Uncertainty

5 months ago

The Bank of Canada has issued a stark warning regarding potential modifications to existing mortgage regulations. This caution comes at a time when the housing market is showing signs of volatility, influenced by fluctuating interest rates and concerns about consumer debt levels. Central bank officials emphasize that any alterations to mortgage rules could have far-reaching impacts on the housing sector and the broader economy.