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Get your complementary Pre-Approval from aDiamondMortgage, here. CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ A new report backed by Canada’s national housing agency is calling for a home equity tax on houses valued at $1 million and more. On Wednesday, advocacy group Generation Squeeze released a report entitled Housing Wealth and Generational Inequity, which explored policy incentives [&hellip…
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Get your complementary Pre-Approval from aDiamondMortgage, here. 75% of Gen Z Adults Plan to Buy a Home Despite Affordability Hurdle Home ownership continues to be a priority for most young adults. Three quarters of Generation Z adults in Canada plan to buy a home in their lifetime, half of whom say that goal is “very likely,” according to [&hellip…
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Get your complementary Pre-Approval from aDiamondMortgage, here. Racial, sexual minorities at borrowing disadvantage – StatCan The agency says certain demographics face specific challenges Racial and sexual minorities tend to be underrepresented when it comes to borrowing and home-buying activity, according to Statistics Canada. Nearly three-quarters (73%) of the Canadian population lived in a property owned by a member [&hellip…
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