The Government of Canada has introduced legislation prohibiting foreigners without permanent residence in the country from buying homes. The measure is aimed at controlling prices in one of the most expensive real estate markets in the world to stop investors. The Canadian government, led by Justin Trudeau, explained it in a statement. In it, the … Read more
In its quest to control home prices, the Canadian government has implemented a drastic measure: It will ban home purchases by non-resident foreigners for the next two years. It will do so by means of a law which entered into force on 1 January and which was approved by Justin Trudeau’s government in the face … Read more
While acquiring a property isn’t within everyone’s reach, they are there alternatives that help so that the outlay is not so high and therefore being an owner becomes a reality. To date, the properties up for auction are a great opportunity for anyone interested in buying a cheaper housing. Houses which, on occasion, can be … Read more
Freddie Mac has released the results of his Primary Mortgage Market Survey (PMMS), showing that the 30-year Fixed Rate Mortgage (FRM) averaged 6.27%which represents a decrease from the previous week. “Ahead of the holidays, mortgage rates have continued to fall”said Sam Khater, chief economist at Freddie Mac. “Rates have dropped significantly over the past six … Read more