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Articles on Homeownership

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A new act in Canada bans non-citizens, non-permanent residents and foreign commercial enterprises from buying Canadian residential properties. (Shutterstock)

Canada’s ban on foreign homebuyers is unlikely to affect housing affordability

Since foreign owners only represent a tiny segment of the housing market, it’s unlikely that Canada’s new ban on foreign homebuyers will make homes more affordable for Canadians.
Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package. Kent Nishimura/Los Angeles Times via Getty Images

Some rich people will love at least one sweetener in Democrats’ $3.5 trillion plan

The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
Rent strikers from Toronto’s Parkdale neighbourhood and fellow protesters gather outside Social Justices Tribunal Ontario in February, 2018. The group refused to pay rent after the landlord applied for an increase in rents. THE CANADIAN PRESS/Chris Young

Coronavirus pandemic is an opportunity to create affordable cities

It’s time to reset Canada’s housing policies to make cities more affordable and more socially just places to live.
Millennials are less likely to own a home than previous generations were at the same age. Andy Dean Photography/shutterstock.com

How millennials are affecting the price of your home

As millennials flock to certain parts of the US, home prices in those areas are surging.

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