Over 1 In 10 of Canada’s Non-Resident Real Estate Owners Have Multiple Properties

Non-resident investors find Canada’s real estate markets so nice they’re buying it twice…  or thrice, sometimes more. Data from the Canadian Housing Statistics Program (CHSP) shows substantial non-resident homeownership. Not new, but what is surprising is the share of non-residents, who have income tax obligations in another country, that owned multiple homes in 2020. Over […]

This Week’s Top Stories: Canada’s Banks On Real Estate’s “Historic Correction” & Supply Shortage “Myth”

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Expected To See A “Historic Correction,” Biggest Drop Ever: RBC Canada’s largest bank feels we are in the middle of a “historic correction.” RBC said the housing downturn is much faster and deeper than expected. Consequently, they’re downgrading their […]