Michael D'Sa

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With new mortgage rules, has Ottawa gone a step too far?

Canadian policy-makers are trying to stabilize a housing market that's on the edge. But what I see coming from Ottawa could tip it right over the edge.<p>All-time-low interest rates have juiced Toronto and Vancouver home prices to unprecedented heights. That has much of the country worried, and …

There's more evidence Vancouver's housing bubble is bursting

The latest data from the Real Estate Board of Greater Vancouver showed that home sales in the metro area in September collapsed by 32.6% year-over-year to 2,253 homes, according to Reuters.<p>The board said this "marked a return to historically normal levels," according to Global News.<p>This follows …

Four major changes to Canada’s housing rules

<i>Are you a first-time home buyer concerned about the housing rule changes? Email RYounglai@globeandmail.com and you could be featured in a story.</i><p>The Liberal government has announced sweeping changes aimed at ensuring Canadians aren't taking on bigger mortgages than they can afford in an era of …

How Uber Plans To Conquer The Suburbs

With a pilot program in Summit, New Jersey, the ride-hail giant is looking to replace commuter parking lots.<p>Summit, New Jersey, a bedroom community to New York City, will begin subsidizing Uber rides for residents traveling to and from the local train station starting Monday — a move the town …

Canada closes tax loophole to cool down overheated housing markets

• Finance minister outlines measures to rein in foreign speculators<br>• House prices in Vancouver and Toronto have doubled in last decade<p>The Canadian government has announced a handful of measures aimed at dampening demand in its red-hot housing markets, including closing a tax loophole used by some …

Canadian Real Estate