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Real Estate
New home prices increase nationally in October
According to the Statistics Canada ‘New Housing Price Index, October 2021’, new home prices increased 0.9% in October nationally, slightly higher than the rise observed over the past four months. Prices were up in 15 of the 27 census…
New, Stephen Poloz backed company aims to make home ownership more attainable
TORONTO – A new company backed by a former Bank of Canada governor wants to help Canadians co-own real estate through investments valued at just 2.5 per cent of a property's value.The goal of Key, a Toronto-based company that…
Yellowknife house prices hit all time high, report states
By Sarah Sibley, Local Journalism Initiative ReporterCABIN RADIOYellowknife house prices rose to an all-time high as the pandemic made the Northwest Territories' housing problems even worse in 2020, a new report states.Federal…
Real estate overheating continues in the Montreal CMA: QPAREB
The QPAREB’s residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) reports a total of 4,320 sales posted on the Centris real estate brokerage system in October. The sales represent a drop of 24 per…
Robust demand for condominiums in the Quebec City CMA: QPAREB
The Quebec Professional Association of Real Estate Brokers’ (QPAREB) residential real estate market report reveals a decline in sales (25 per cent) for the fifth consecutive month in October.
A total of 765 sales were posted on the Centris…
Canada Mortgage and Housing Corp. says pace of housing starts slowed in October
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell compared with September.The national housing agency says the seasonally adjusted annual rate of housing starts was 236,554 last month,…
Month over month homes sales see biggest increase since July 2020: CREA
The Canadian Real Estate Association says home sales across the country saw their largest month-over-month increase since July 2020 in October, even as new listings fell by about 20 per cent from a year ago.The association says…
Altus Group releases the Canadian Property Tax Rate Benchmark Report for 2021
Altus Group and the Real Property Association of Canada released their Canadian Property Tax Rate Benchmark Report for 2021, which provides an in-depth look at commercial and residential property tax rates in 11 cities across Canada.
The…
Mortgage pre approvals, holds surge as economists foresee rate hikes
TORONTO — Canadians are scrambling to get mortgage pre-approvals and rate holds before the era of low interest rates comes to an end, as some economists predict.Real estate and mortgage brokers say their clients are increasingly seeking…
CMHC has projects underway to help build greener housing in Canada
OTTAWA — The chief climate officer for Canada Mortgage and Housing Corp. says the federal agency has ``lots underway'' to encourage the construction of more sustainable housing.Steven Mennill says a first priority will be developing…