The Canadian federal government wants to take a closer look at the extent of foreign ownership of real estate across the nation – but critics are saying their efforts won’t go far enough. There has long been a glaring lack of data on who’s buying real estate in Canada. During the federal election campaign last autumn some politicians promised …
A recent report finds the CMHC has taken efforts to further crack down on foreign investment in Canada. Will this provide clarity for nation’s too-hot-to-handle housing market? Read on for our breakdown.
Foreign home ownership in Canada has been a concern of housing market critics as prices spike in certain neighbourhoods. The CMHC is now researching the impact, though many say the data is inconclusive. Read on for the full story.
The Canadian federal government has approved the takeover of Nexen, one of Canada’s largest oil companies, by China-based CNOOC. It’s the largest foreign takeover in Canada’s history, and could set a precedent for future takeover bids.