A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage and Housing Corp.
British Columbia's proposed speculation and vacancy tax is aimed at cooling an overheated real estate market and convincing owners of vacant homes in some urban areas to either sell or rent their properties, says Finance Minister Carole James.
Canadian mortgage industry leaders say a recently toughened stress test is making it more difficult for young people and newcomers to the country to buy homes.
