Canada

TORONTO – HSBC says it will offer rates below one per cent for some mortgages, which rate comparison website RateSpy.com says is a record low for Canada.However, experts say the rock-bottom rate comes with costs of its own.The…

VICTORIA – The B.C. government has launched a new land registry that it says will help combat money laundering and make the real estate market more transparent.Beginning Monday, any corporation, trustee or partnership that buys land in…

TORONTO – The Liberal government says it will take steps over the next year to tax foreign homeowners who live outside of Canada as part of a plan to lower housing prices.It's an idea that has been growing in popularity over the last…

MONTREAL – The real estate arm of Quebec's pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres.Ivanhoe Cambridge's latest…

Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider.…

NEW CANADIAN MEDIAThe decrease in immigration caused by the pandemic has shaken the landscape of Canadian real estate to the core, states a newly released report by the Royal Bank of Canada.''Whether the changes are permanent or…

A new report has been released by the Royal Bank of Canada, authored by Robert Hogue, a member of the Macroeconomic and Regional Analysis Group, with RBC Economics. Below is a repost of the report – which can also be downloaded as PDF or…

Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic, Canada Mortgage and Housing Corp. said in a new report released on Monday.In cities such as Victoria, Moncton and…

OTTAWA – Prime Minister Justin Trudeau warned Canadians against relaxing their guard against COVID-19 as he and his cabinet kicked off two days of closed-door meetings to discuss the pandemic and how to lead the country through a second…

OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…