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. 120-unit Calgary housing complex begins operations Full occupancy of Vista Apartments is expected by spring 2022 Canada Mortgage and Housing Corporation has announced that Vista Apartments, a newly renovated 120-unit residential building in Calgary, has begun operations, adding much-needed supply to the market. More than $15.5 million in federal funding was [&hellip…
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Mortgage Debt Grew at Fastest Pace in a Decade: CMHC Canada’s mortgage market grew at its fastest pace in over 10 years in the first half of 2021, according to new data released by the Canada Mortgage and Housing Corporation (CMHC). The agency attributed the strong growth to record-low interest rates and “pandemic-fuelled demand for [&hellip…
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