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Building
Higher interest rates push homes sales in B.C. back toward normal: association
VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down ``a path to normalizing,'' although it estimates a balanced market is at least a year away.The…
BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from…
MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said…
Co-op housing could help solve Canada’s affordability crisis, advocates say
Ayanna Inniss believes the co-op movement could be part of the solution to this country's housing affordability crisis.The Edmonton-area woman still remembers the ``soul destroying'' experience of looking for affordable housing 20 years…
The Pacific
ACDF Architecture unveiled a new residential tower in Vancouver at the corner of Hornby and Pacific streets. Developed in collaboration with IBI Group, the Pacific features 224 condominiums across 39 floors.The architecture firm…
Promise tracker: What the Ontario parties are pitching on the campaign trail
TORONTO – A running list of election promises announced by the Progressive Conservatives, NDP, Liberals and Greens in Ontario since late March:
Progressive Conservatives
May 9: Increase disability support payment rates by five per…
RioCan REIT sees demand for retail space soar as it reports first quarter profit
TORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation.Jonathan Gitlin, the real estate company's chief…
GTA average rents up 10% year over year: Rent Report
The average monthly rent in the Greater Toronto Area (GTA) increased 10 per cent year over year in March to $2,182 from $1,975 in March 2021, according to the latest Bullpen Research & Consulting and TorontoRentals.com Toronto GTA Rent…
Municipal tax rate twice the inflation rate as city delivers its latest budget
THE NELSON DAILYInflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount.The city will be bumping its annual taxation figure by a full four per cent, nearly…
OREA Calls on Provincial Parties to Prioritize Housing Policies
According to the Ontario Real Estate Association, with the Canadian dream of home ownership on life support in Ontario, Ontario REALTORS are calling on all political parties and candidates running in the 2022 Ontario election to…
Ontario NDP, Tories promise to boost housing supply through differing measures
Ontario's New Democrats and Progressive Conservatives are both promising to build 1.5 million homes in 10 years, with housing affordability becoming one of the main election issues in a province grappling with a dearth of supply and…