AGP Executive Report
Last update: 42 minutes agoForeign-Buyer Policy: Ottawa is weighing whether to extend the ban on foreign purchases of Canadian homes before it expires in January 2027, with the finance minister saying the government is considering its options. Sales and Mortgages: September home sales fell 9%, with Greater Toronto sales and average prices also down. Rising bond yields could add pressure to mortgage payments, clouding hopes for a fall recovery. Rentals: Canadian rents have fallen for 24 straight months, according to a new report, while Medicine Hat remains one of the country’s more affordable rental markets. Affordability: A Re/Max survey found 63% of Canadians would relocate to find a home that better fits their needs, reflecting the trade-offs buyers are making. Calgary’s quality-of-life rating has also slipped, with residents citing housing and broader affordability pressures.
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