Canada Mortgage and Housing Corporation

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Canada Mortgage and Housing Corporation

Canada's Bold Immigration Pledge: 500,000 New Residents Annually! Is This the Answer to Their Housing Crisis?

In a strategic move to address labor supply requirements while alleviating pressures on housing and healthcare, the Canadian government has announced its commitment to maintain the target of welcoming 500,000 new permanent residents in 2026, as reported by CBC News.

A cautionary tale on mortgages from Canada

In the years ahead, Greece should take great care regarding its enthusiasm for North American-style mortgages as a vehicle for encouraging homeownership. 

It should look no further than Canada, where a recent report says Canadians are carrying the highest personal debt levels of all G7 countries - much attributed to homeownership.