The threshold will increase by a third this year, to include properties with an assessed value of up to $1.6 million
Municipalities issued $7.8 billion worth of building permits in November, StatsCan reports
The program that starts next month applies to homes with a maximum value of $750,000
Canada's financial system remains vulnerable to the continued rise in house prices across the country
However, the province is boosting the land-transfer tax on house purchases above $2 million
The Bank of Canada governor says the central bank’s use of a inflation target has served the economy well, but it continues to look for ways to improve
Toronto sees decline
Ottawa to bring in a more rigorous mortgage rate stress test for all insured borrowers
Toronto area had the country’s second-biggest decline; most other cities saw only a modest drop
The overheated market may already be cooling, leaving it more vulnerable to rising unemployment