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Prime Minister Justin Trudeau’s government will present low-cost leases of public land to builders and push manufacturing unit construction of houses as part of what it calls a “historic” plan to alleviate Canada’s housing crisis. A technology ago, the buyer’s agent had all the knowledge — comparable neighborhood gross sales costs, tax histories, school district placement and particulars of the home — and was alleged to act as a complete counselor. Popular 30-year mounted mortgage rates are hovering at decadeslong highs of around 8%, and the availability of properties remains far under normal, not sufficient to satisfy demand. A U.S. homebuyer’s dollar now goes about half so far as it did in late 2020. The case hinged on the commissions, often of 6%, that sellers pay their brokers, who then split them with the buyers’ agents.
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HB 1192 …
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