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Real Estate
Toronto area home sales boom in February as average price surpassed $1 million
Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs, according to the Toronto Regional Real Estate Board…
GTA new home sales strong in January
The GTA new home market saw a busy January, according to the Building Industry and Land Development Association (BILD).There were 2,171 total new home sales in January, which was up four per cent from January 2020 and 19 per cent above…
B.C. to extend rent freeze through 2021, increase protections against ‘renovictions’
VICTORIA – The British Columbia government says it will introduce legislative changes to extend a rent freeze through the end of the year, as well as stop illegal ``renovictions'' and improve the dispute resolution process for tenants and…
Vancouver home sales up 73% YOY, home buyer competition intensifies
Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in…
Rents Jump 9.8 Per Cent for Vancouver’s Worst and Cheapest Housing
THE TYEERents in Vancouver's cheapest housing rose twice as much as overall rents between 2018 and 2019, according to a new report from the Carnegie Community Action Project.The advocacy group has been surveying rents at single-room…
Calgary home sales, prices spike in February while inventory remains low: CREB
CALGARY – The Calgary Real Estate Board said Monday that the market has faced low inventory levels compared to sales for the past several months, while prices continued to climb.The board's February numbers show that prices jumped…
Owen Sound Claims the Title as Work from Home Capital of Canada©
The City of Owen Sound has launched a marketing campaign in which it has ‘officially claimed the title as the Work from Home Capital of Canada© '.According to a press release from the city, known as the "Scenic City", Owen Sound has…
Airbnb reports huge loss in first time out as public company
Home-sharing site Airbnb posted a $3.9 billion loss in the fourth quarter of 2020 as it suffered from the pandemic downturn in travel and recorded one-time costs for becoming a public company.In results released Thursday – Airbnb's…
CMHC: majority of mortgage deferrals have ended, risk of arrears could re emerge
OTTAWA — Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.The federal…
Home sales shifting towards pricier housing in several major markets, CMHC says
Buyers are spending more money on home purchases in several major Canadian cities, even as the COVID-19 pandemic causes layoffs and income reductions across the country.The Canada Mortgage and Housing Corp. said Thursday that home sales…