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Real Estate
Increasing Detached Home Sales Raise Average Price in the GTA
RE/MAX of Ontario-Atlantic Canada’s latest report on detached homes in the Greater Toronto Area states that the bounce-back in single-detached home sales is contributing to an uptick in average price. More than 50 per cent of neighbourhoods…
Younger Gens Have Fewer Housing Options as Toronto Seniors Stay in Homes Longer: Study
TORONTO — A growing trend among Toronto-area seniors to delay downsizing efforts and remain in their homes for longer could indicate future housing pressures for younger generations, a new report said Thursday.The Canada Mortgage and…
Ontario Bucks National Trend of Slower Housing Starts in July, says CMHC
Ontario bucked a national trend that saw the pace of construction of new homes slow in July, the Canada Mortgage and Housing Corp. said Friday.CMHC's seasonally adjusted annualized rate of housing starts fell by 9.6 per cent in July to…
GTA Sales Activity Rebounds After Five Straight Quarterly Declines: Altus Group
Total investments for the first half of 2019 in the Greater Toronto Area (GTA) reached $10 billion, down 13 per cent compared to the $11.4 billion registered in the first half of 2018, according to Altus Group’s Q2 2019 results for…
Increases in Greater Montréal Home Sales Set New Record in July
A recent residential real estate market report by the Québec Professional Association of Real Estate Brokers (QPAREB) revealed a 16 per cent increase, with 3,698 residential sales concluded in July 2019."The sales growth that we've…
Toronto area housing sales up 24.3 Per Cent in July, Prices Rise Due to Tighter Supply
TORONTO — The Greater Toronto Area's home price index was up 4.4 per cent last month as the supply of properties for sale tightened and the number of sales jumped 24.3 per cent from July last year, the Toronto Real Estate Board reports.…
Metro Vancouver Home Sales Edge Higher in July, Prices Still Falling
VANCOUVER — Home sales in Metro Vancouver rebounded in July, making the traditionally slow selling period the second highest month for demand this year.Figures from the Greater Vancouver Real Estate Board show residential sales…
Is the new Calgary event centre in the public interest? No one knows
An artist’s rendering of the proposed new Calgary event centre.
City of Calgary/Rossetti
The Calgary Flames recently made a marquee signing. Of course, the new contract is not for a player, but a new event centre.Like last year’s big…
New NHL arena coming for Calgary Flames, city council approves deal
Calgary is going to build a new arena for its NHL team despite financial challenges facing the city.Council voted 11-4 on Tuesday approving a financial agreement with the owners of the Calgary Flames to build an event centre and replace…
Vancouver shows evidence of moderate vulnerability while Canada maintains moderate rating: CMHC
After three years of high vulnerability, Vancouver presents evidence of moderate vulnerability, while the rest of Canada continues to exhibit a moderate degree of vulnerability, according to a recent Canada Mortgage and Housing Corporation…