Real Estate News & Articles

Fed re-evaluate the stress test in light of a resurgence in housing market activity | TRREB

2022-09-07

Canada stress test - Real estate board says it's the right time to re-examine it Ephraim Vecina other Major markets are seeing stronger housing market activity recently The Toronto Regional Real Estate Board has called on the federal govern…

Inflation in Canada has come down a little, but remains far too high | Tiff Macklem

2022-09-06

Bank of Canada set for fifth interest rate rise Nojoud Al Mallees other Inflation is still running hot   Inflation appears to have peaked but it’s still running hot and a supersized rate hike from the Bank of Canada next week is …

Toronto housing segment saw a sharp 15% month-over-month increase in sales in August

2022-09-06

A sharp-about face in the Toronto market Ephraim Vecina other The region continues to see a resurgence in housing market activity, seemingly undeterred by price spikes After several months of considerable market deceleration, the Toronto ho…

The government of Canada provide $1.4B loan for Squamish Nation's Senakw project

2022-09-06

Feds announce $1.4 billion loan for Squamish Nation's Senakw project Dan Fumano The Vancouver Sun The Sen̓áḵw project will provide rental homes for both Squamish Nation members as well as non-Indigenous residents. Sḵ…

Heavily taxing foreign buyers wishing to purchase property in Canada

2022-09-05

What You Need to Know about the Prohibition on the Purchase of Residential Property by Non-Canadians (Foreign Buyers Ban) CREA Staff other In the last federal election campaign, three of the main political parties made commitments related t…

Canada's home price drop 2.8% in August compared the month before to reach CA$1.12M by TRREB

2022-09-02

Toronto home prices in historic correction Ari Altstedter other Higher interest rates deliver a huge blow Toronto home prices fell for a fifth straight month, the longest skid since 2017, as the property market adjusts to sharply higher int…

Nearly 30 per cent below the 10-year August average were last month sales

2022-09-02

Vancouver home sales down 40% from last year, nearly 1% since July: board Canadian Press The Vancouver Sun The board says sales for the month amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activ…

Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

2022-09-02

GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crook other

Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

2022-09-02

GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crook other   Home sales in the Toronto Region have seen a year-over-year dip of 34.2%, with 5,627 sales reported in the month of August, according to TRREB (T…

0.16 acres retail in Kelowna sells for $1.80 million

2022-09-01

Kelowna 4,320 square feet of retail sells for $1.8 million MCL Real Estate Group Western Investor Retail building with three units on a 0.16-acre lot in Rutland community sold for nearly $800K over its BC Assessment value. Property type: Re…

B.C Supreme Court Justice Nitya Iyer found that Ginther was not a credible witness and he had not proven the allegations.

2022-09-01

Customer who defamed company on Google and Yelp ordered to pay $90K https://rem.ax/3B9J3fy The Province A disgruntled customer who was found to have defamed a B.C. wood products company in his Google and Yelp reviews has been ordered by a j…

Service agreement to approve a rate and provision for rush fees until council agree.

2022-09-01

Condo Smarts: Fees for forms set out in service agreement Tony Gioventu The Province Any fees charged for the production of forms and documents are fees being charged by your strata corporation   Dear Tony: Our strata council is in dis…

B.C. Supreme Court quashes Vancouver bylaws that limit rent increases between single-occupancy housing tenancies

2022-09-01

City of Vancouver appeals court ruling quashing vacancy control bylaws Keith Fraser The Vancouver Sun "It's definitely worth the fight," Vancouver Mayor Kennedy Stewart said. "I can't imagine losing 3,000, 3,500 low-income units in the city…

0.38 acres office in Courtenay BC sells for $1.5 million

2022-09-01

Courtenay 5,140-square-foot office building trades at $1.5 million Royal LePage Nanaimo Realty Western Investor The single-tenant property under a government lease is on a 16,988-square-foot lot in downtown Courtenay, B.C. Property type: Of…

0.52 acres office building in Campbell BC sells for $1.96 million

2022-09-01

Single-tenant office building sells in Campbell River Royal LePage Nanaimo Realty Western Investor With a long-term B.C. government lease in place, the 7,440-square-foot property sold for $1.87 million. Property type: Office Location: 929 I…

PM announces over $2B investment in affordable housing

2022-08-31

Trudeau announces major housing investment Ephraim Vecina other The federal government will support the development of thousands of new affordable housing units nationwide Amid the persistent supply crunch in major Canadian urban markets, P…

47% of Canadian businesses reported rising input costs as major roadblock to expand their respective workforces

2022-08-31

Labour market struggles weighing on purchasing power, says RBC Ephraim Vecina other Fewer business owners are expecting an increase in profitability or employment count over the next three months While global supply chain pressures have alr…

Volumes decrease for transactional homeowner and multi-unit products on an annual basis

2022-08-30

CMHC releases latest quarterly results Ephraim Vecina other The Crown corporation has been weathering the significant market shifts seen over the past few months Dramatic shifts in market conditions, most notably higher interest rates, had …

Data from CREA is pointing the beginnings of downward trend

2022-08-30

Canada home prices - how far could they fall next year? Ephraim Vecina other A new report by TD sheds light on the troubling signs becoming apparent in the market By the first quarter of 2023, the average home price across Canada could fall…

$2 billion housing plan will help to develop new homes across the country

2022-08-30

Canada to fund 'rent-to-own program under $2-billion housing plan Ismail Shakil and Steve Scherer other The funding would go toward creating some 17,000 new homes across the country   A condo building under construction in downtown Vic…

Canadian housing market is now close to entering "bear" territory, according to a leading bank economist

2022-08-30

Canada housing market what direction is it headed in? Fergal McAlinden other Storm clouds are brewing, but there's some cause for optimism   It’s been on a pronounced cooldown for much of the year – and the Canadian housing…

The number of home sales will fall 35% over the same time based on their report

2022-08-29

Canadian home prices could drop up to 25% by early 2023: TD Canadian Press The Vancouver Sun Projected price drop represents an unprecedented decline at least going as far back as the late 1980s TD estimates estimates the number of home sal…

4.07 acres industrial sells for $13.25M located in 4046 96th Avenue SE, Calgary

2022-08-27

Four acre, 426-unit Calgary self-storage sells for $13.25 million Western Investor Staff Western Investor There is expansion potential for the Alberta Storage Place site in southeast Calgary NAI Commercial, Langley, B.C., for Western Invest…

Average rental in GTA surge 19% in July

2022-08-26

GTA rental market sees a July surge Ephraim Vecina other Accelerated demand was prominent in downtown Toronto, new report says Average monthly rents in the Greater Toronto Area grew by $400 (approximately 19%) year over year in July, with a…