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Real Estate
Housing markets expected to moderate, risks remain: CMHC report
CMHC has released its 2021 Spring Housing Market Outlook report. According to the CMHC report, home sales and price growth will moderate from unsustainable 2020 levels but remain elevated. This is expected as economic growth and employment…
Home sale activity increases in Metro Vancouver: REBGV Report
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in Metro Vancouver totalled 4,908 in April 2021, a 342.6 per cent increase from the 1,109 sales recorded in April 2020, and a 14 per cent decrease from…
Downtown Toronto condo market bounces back in Q1: Urbanation
Urbanation Inc. has released its Q1-2021 Condominium Market Survey results. Urbanation’s survey reports that new condominium apartment sales in the Greater Toronto Area totaled 5,385 units in the first quarter of 2021, coming within close…
Pace of Toronto area home sales slows in April, prices remain high
Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic, according to the Greater Toronto Real Estate Board (TRREB). Bucking the…
GTA West highway project designated for federal environment review
TORONTO – The federal environment minister says he is designating a controversial highway project in the western Greater Toronto Area for assessment.Jonathan Wilkinson says there are clear areas of federal concern with the project…
‘Stronger’ commercial leasing environment emerged amid COVID: RioCan REIT CEO
TORONTO – RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.The Toronto-based trust…
Calgary home sales up 462 per cent, reach hit record high in April: CREB
Calgary set a new record for April home sales as the market continued to rebound from lows triggered by the COVID-19 pandemic, the city's real estate board said Monday.The Calgary Real Estate Board said 3,209 homes were sold in the city…
Rising loonie hits ‘sweet spot,’ likely to climb further: economists
Economists say the Canadian dollar is at a 'sweet-spot' after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn't hurt businesses too much.The loonie traded for 81.34 cents US Thursday, the…
Early estimate from Statistics Canada shows economic growth slowed in Q1
OTTAWA – The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output.The preliminary estimate…
Real Estate CEOs Plan for Industry Transformation: Report
According to a new report released by the World Economic Forum, the real estate industry needs to transform to serve the needs of people and cities in the next decade.
The new World Economic Forum report, A Framework for the Future of Real…