On February 4, 2024, the Minister of Finance, the Honourable Chrystia Freeland, announced the federal government's intention to extend the existing ban on foreign ownership of Canadian housing by two years. The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”), which came into force on January 1, 2023, and prohibi...
The Province is amending the personal use-notice period for home purchasers in B.C. to three months to improve conditions for first-time homebuyers, while ensuring that tenants have more than two months notice to find new housing.
On July 18, 2024, the Province brought into force amendments to the Resident...
Starting July 18, 2024, landlords will be required to use the Landlord Use Web Portal to generate Notices to End Tenancy for personal occupancy or caretaker use. Landlords generating notices to end tenancy will be required to include information about the persons moving into the home. Through this process, landlords are informed of the significant...