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Real Estate
Interest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its …
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
Ellen D. Russell, Wilfrid Laurier UniversityThe Bank of Canada…
Impersonators posing as homeowners linked to 32 fraud cases in Ontario and B.C.
Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.Insurance investigator Brian King, president and…
Bank of Canada hikes key interest rate by quarter point, says it plans to hold
OTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.The central bank raised its key interest rate by a quarter of a…
How thieves stole a Toronto condo in ‘total title fraud’, selling it for $970,000
The professional photographs posted on a property tour website last year show Moffy Yu's condo in downtown Toronto, a light-filled two-bedroom home with floor-to-ceiling windows framing sweeping views from the tallest residential tower in…
Toronto homeowners must declare occupancy status before Vacant Home Tax deadline of Feb. 2
BEACH METRO COMMUNITY NEWSAs the City of Toronto looks for ways to address the current housing shortage, one local councillor is hopeful that the new Vacant Home Tax (VHT) will help alleviate some of the pressure.Toronto City…
CREA predicts 2023 home sales to edge down 0.5% from 2022 mark
The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.The…
Average monthly rents exceed $2,000: National Rent Report
The average listed rent for all property types rose 12.2 per cent year over year in December to $2,005, an increase of $217 over the same month last year, according to the Rentals.ca and Urbanation latest National Rent Report.Average…
B.C. plans to streamline housing permit approval process to get more homes built
VANCOUVER — The British Columbia government is creating a single hub for developers to get provincial approval to build homes, in a bid to accelerate a housing permit process that has forced them to wait as long as two years.Premier…
Home prices in Q4 down year over year, first decline since end of 2008: report
TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.In its house price survey released Friday, the…
Tri City real estate sales in December halved from 2021, fall 23 percent from November
By Patrick Penner, Local Journalism Initiative ReporterTRI-CITIES DISPATCHDecember property sales in the Tri-Cities were less than half of those made in 2021, as the dramatic downturn in real estate sales shows no signs of slowing…