Since January 2023, Canada has implemented a two-year ban on foreigners buying non-leisure residential properties, making it the most restrictive developed country for foreign buyers.
The ban was implemented to address the housing shortage and high prices due to the influx of overseas buyers and immigrants into Canada.
What is the Prohibition on the Purchase…
The Bank of Canada kept interest rates unchanged for the first time, maintaining to 4.5% saying it’s prepared to hike again if the economy veers off its forecast course.
The Canadian government pledge to hold the benchmark overnight rate at 4.5% in the early weeks of March - the first pause among major central banks…