Finance & Mortgage

Calgary Buyers May Be Hit By New Mortgage Regulations

Alberta may feel the unintended consequences that will result from the new mortgage regulations by the federal government targeted for the Toronto and Vancouver housing markets, according to Canadian Home Builder's Association-Alberta (CHBA-AB), Calgary Sun reports.

Easing of 35-Year-Old US Foreign Investment Tax Signed

Offshore investors have been the US' major source of capital since the financial crisis and it looks like the recent step of the government to ease a 35-year-old tax on foreign investment will only open the door wider for purchases by overseas investors with President Obama already signing the measure into a law, Hui-Yong Yu of Bloomberg reports.

Real Estate News: The Number of Housing Starts in November Brings Cheer to the Holiday Season Tune

The housing industry is cheering to the holiday tune as the new building permits and housing starts have been glowing in November. According to chief economist Jonathan Smoke, the number of housing starts in November was beyond expectations.