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Tag: Government of Canada

Canada

Canadian Immigration Data Shows The Biggest Month In At Least A Century

November 16, 2021

Canadian immigration was slow through the pandemic but it’s now back with a vengeance. Government of Canada (GoC) data shows permanent resident arrival admissions soared in September. It didn’t just recover from the lull either. The number of arrivals in the month was the biggest number in at least a century. Canada Sees A Record […]

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Canada

Canadian Bond Yields Hit Pre-Pandemic Levels, A Sign Higher Mortgage Rates Are Near

October 12, 2021

The Canadian bond market is sending real estate a message — credit is going to tighten. Government of Canada (GoC) 5-year bond yields hit the highest level in a year today. Yields for the segment are now triple the level they were last year. Since GoC bond yields influence mortgage rates, this will drive the […]

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Canada

A Canadian Government Official Finally Used The Term “Bubble” To Describe Property

April 22, 2021

The Canadian property bubble was recognized by an unlikely entity — the Canadian government. MP Adam Vaughan dropped the b word this week. Vaughan isn’t just an elected official, but also the Secretary to the Minister in charge of most of the country’s housing policy. In a Twitter exchange, he explained how difficult it’s been […]

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Canada

Canada’s 2021 Budget Will Likely Have Little Impact On Home Prices

April 19, 2021

The Canadian real estate industry got what it wanted from the latest budget — nothing. The Government of Canada (GoC) released Budget 2021 this afternoon. Despite housing becoming a boiling point issue, it was largely ignored. There were few commitments that would impact market prices in the near term. Beneficial Ownership Won’t Be Arriving Until […]

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Top Stories

This Week’s Top Stories: Canada Says It Won’t Let Home Prices Drop, and Bubble Soft Landing Gets Less Realistic

April 18, 2021

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Says Property Bubble “Not Great” For Locals, Good For Foreign Investor Canada officially said any home price drop is unacceptable, even if locals can’t buy a home. One of the country’s politicians in charge of housing policy said a 10% drop […]

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