AGP Executive Report
Last update: 2 hours agoHousing Policy: Ottawa’s 2026 budget proposes exempting new homes from the foreign-buyer ban as condo sales stall; banks and builders are also urging looser mortgage stress tests for new-home buyers. The federal government has pledged nearly $30 billion over a decade to tackle homelessness. Market Watch: A credit agency downgraded Canada’s housing outlook and warned rates could rise, while B.C. home sales fell 11% in October. Montreal asking rents have doubled since 2019. Development: A $350-million project will turn Niagara Falls’ long-shuttered Toronto Power Generating Station into a hotel and tourism destination, with construction now underway.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.