Is the 2018 Federal Budget the cure for affordable housing in Canada?

While the number of Canadians looking for affordable housing continues to grow, the supply of housing has not translated to keeping up with demand. The 2018 Federal Budget that was tabled on February 27 aims to help Canadians find affordable housing, among other things such as advancing reconciliati...
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Real Estate Transactions and Misrepresentations: When Can a Purchaser Back Out of the Deal?

In the recent Superior Court decision in Beatty v. Wei, the Court provided a helpful overview of the law relating to misrepresentations in real estate transactions. This case involved the sale of a residential property. The sale agreement included a clause in which the seller represented and warrant...
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New Canadian Mortgage Stress Test Rules Announced for 2018

New Canadian mortgage rules could make qualifying for a mortgage more difficult. Recently, the Office of the Superintendent of Financial Institutions (OSFI) announced new Canadian mortgage rules, to be put into effect on January 1, 2018. The new regulation requires a mortgage stress test, assessing ...
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