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26 June

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The Impact of Canada’s Two-Year Ban on Foreign Home Buyers on Real Estate: What You Need to Know

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The Canadian real estate market has been a topic of great interest and concern, particularly when it comes to the impact of foreign home buyers. In an effort to address this issue, the Canadian government recently implemented a two-year ban on foreign home buyers. Prehistory of the Two-Year Ban Canada, known for its diverse and thriving real estate market, has experienced significant growth in property prices over the past decade. This surge in prices, especially in major cities like Toronto and Vancouver, raised concerns about housing affordability and accessibility for Canadian residents. During this period of rapid price escalation, foreign investors, particularly from countries with...

23 June

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Real Estate Lawyers’ Perspective on Interest Rates

Posted by Daniel Simard

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Real Estate Lawyers' Perspective on Interest Rates

[toc] Interest rates considerably affect the market state quite. After all, it concerns both buyers and sellers. Mortgage experts predict market heat due to the interest rate hold, so it's vital to understand the real estate lawyers' perspective. We'll cover the opinions of real estate lawyers on interest rates, their impact on the real estate market, the implications for buyers and sellers, and the advantages of consulting a Toronto real estate lawyer. Understanding Interest Rates in Real Estate Interest ratesare the added cost of borrowing money from financial institutions when you buy a property. They depend on several factors: Economic conditions Inflation rates Policies of the...