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Average rents in Canada up 2nd consecutive month
The average rent in Canada increased for the second month in a row, rising to $1,721 per month after six straight months of decline.The average asking rent for all Canadian properties listed on Rentals.ca in June grew by 0.7 per cent…
Businesses pulling back on sublet space as return to office looms: report
CALGARY – A new report suggests Toronto businesses are making plans to call employees back to the office.The report, released last week by commercial real estate firm Avison Young, says office market activity in downtown Toronto remains…
Northwest B.C records dramatic real estate boom in first half of 2021
TERRACE STANDARDNorthwest B.C. is witnessing a dramatic real estate boom in the first half of 2021 as the COVID-19 pandemic-induced recession slowly begins to wane across the province.While the number of properties sold in 2021…
Prime Minister announces $1.3B for SkyTrain spur in Surrey and Langley, B.C.
SURREY, B.C. – Prime Minister Justin Trudeau moved his campaign-style sweep Friday to Surrey, B.C., announcing federal government funding of $1.3 billion to extend Metro Vancouver's SkyTrain line.Trudeau made the announcement in Surrey…
Realtors tell renters to lock in homes before border reopens, competition stiffens
TORONTO – Realtors say people on the hunt for rental properties should lock in a lease before Canada reopens its borders.Though the federal government hasn't said how soon borders could reopen, real estate agents predict there will be a…
Toronto’s financial district, PATH brace for longer recovery as businesses reopen
TORONTO – For the last 34 years, Alex Zilberberg's mornings have begun with a lineup of customers so strong that his The Bagel Stop locations do 70 per cent of their daily business before 10 a.m.But since the COVID-19 pandemic began,…
Toronto home sales and prices down in June, but TRREB will still upgrades forecast
TORONTO – The Toronto Regional Real Estate Board says the pace of sales and home prices eased in June as COVID-19 cases subsided, but a heated start to the year still pushed it to upgrade its annual forecast.The real estate board said…
Feds to begin talks on high frequency rail with Indigenous groups, private sector
QUEBEC – The federal government says it's taking the first steps in building a long-awaited high frequency rail line along the Toronto to Quebec City corridor.Transportation Minister Omar Alghabra says the government is now looking to…
Metro Vancouver home sales and listings ease in June, benchmark price flat
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the…
Ottawa to launch procurement for high frequency rail between Quebec City, Toronto
HALIFAX – The federal government is set to announce a new high frequency rail corridor to improve the connection between some of Ontario and Quebec's major cities.Transport Minister Omar Alghabra spoke about the upcoming announcement in…