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Real Estate
Amazon, in stunning reversal, dumps NYC as new HQ site
Amazon will not build a new headquarters in New York City, a stunning reversal to an ambitious plan that would have brought an estimated 25,000 jobs to the city.The online retailer faced fierce opposition from some New York politicians…
Omnia announces ‘Enticy’ condo on Montreal’s René-Lévesque
Enticy is a boutique condo project coming soon to downtown Montreal, at the corner of René-Lévesque and Mackay. This unique 24-story project combines old and new, with a contemporary design built around a façade of historical townhouses.…
More technology coming to mortgage industry but clients still want human touch
Sometime in the near future, the majority of mortgage applications in Canada will be completed online or with a chatbot, mortgage expert Rob McLister predicts.McLister, who runs mortgage comparison website RateSpy.com, says unlike the…
Tla-o-qui-aht First Nations celebrate grand opening of new housing complex
On February 7, the Honourable Seamus O'Regan, Minister of Indigenous Services, along with the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for the Canada Mortgage and Housing…
CMHC reports annual pace of housing starts in Canada slowed in January
The Canada Mortgage and Housing Corp. said the annual pace of housing starts slowed in January, dropping less than was expected for the start of the year.The federal housing agency said the seasonally adjusted annual rate came in at…
Nothing to See Here
U.S. clamps down on foreign investment in real estate near "strategic locations."
Young buyers still seek home ownership in Quebec: survey
The Association des professionnels de la construction et de l'habitation du Québec (APCHQ), the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ released the results of a survey conducted by the…
Banking regulator defends stress test, open to change when warranted
Canada's financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed on national home sales, but said it is open to changes when warranted.…
Housing markets vulnerable despite easing overvaluation: CMHC
While overvaluation has eased in Toronto and Victoria, Canada's overall housing market remains vulnerable for the tenth quarter in a row, according to the most recent Housing Market Assessment (HMA) released by Canada Mortgage and Housing…
Trade issues, oil slump and lower spending have slowed growth: BoC deputy
The effects of U.S. trade unknowns, lower oil prices and weaker housing and consumer spending are behind the recent deceleration in economic growth, a Bank of Canada deputy governor said in a speech Wednesday.To help the economy get…