Eden Mesganaw's blog

On April 7, 2022, the federal government announced the details of its 2022 budget. Housing affordability is a major consideration of this budget and, as such, the federal government is proposing to take numerous actions targeted at housing and the real estate sector. A summary of key items is provided below.

The NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers is an annual survey of recent home buyers and sellers who recently completed a transaction.

Here's what you need to think about:

A message from David Oikle, OREA President

All three major federal parties have put recommendations from REALTORS® on the table to make the Canadian dream of home ownership more affordable, cut costs for first-time buyers and increase housing supply.

If previous elections were about jobs, jobs, jobs, this election is about homes, homes, homes and OREA is pleased to see housing affordability being a central focus of each of the three major political parties in Canada.

Published by Stephen Punwasi via Better Dwelling
AUGUST 24, 2021

One of Canada’s largest real estate associations was less polished than usual.. Earlier today, the ruling Liberal Party of Canada (Liberals) announced their housing platform for the election. Amongst the new proposed tools to tackle soaring home prices was a ban on blind-bidding. 

Published By Jacob Lorinc via Toronto Star
Thu., Aug. 26, 2021

For the Ontario Real Estate Association, it was as if the sky had fallen.

Published by Stephanie Hughes via Financial Post
Publishing date:Aug 24, 2021 

The Liberal Party is proposing to place a freeze on foreign home buying and to ban blind bidding as part of an election housing platform aimed at improving affordability in Canada’s major cities.

Party leader Justin Trudeau unveiled the platform in a speech to media in Hamilton, Ont., Tuesday.

Article from RCI
Posted: August 24, 2021 9:22 PM

Liberal Leader Justin Trudeau promised Tuesday a suite of new measures to help Canadians buy a home at a time when the red-hot housing market has made owning property seem like a distant dream for many young people.