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Real Estate
Canadian Home Prices Expected to Increase in 2020
The RE/MAX 2020 Housing Market Outlook Report forecasts the highs and lows of the Canadian housing market will level out in 2020 with an estimated 3.7 per-cent increase in the average residential sales price.Most individual markets…
New Home Market Sales Increase in October: BILD Report
The Building Industry and Land Development Association (BILD) reports single-family home sales (excluding stacked townhouses) were up 178 per cent from last October’s near-record low with the 10-year average, according to Altus Group,…
Average Monthly Rents Up 5.5 Per Cent in Canada: Report
According to the November National Rent Report from Rentals.ca and Bullpen Research & Consulting, the average monthly rent for Canadian properties in October was $1,940 per month, a decrease of 0.7 per cent monthly, but an increase of…
Growing population, declining mortgage rates speed up B.C. housing recovery
VICTORIA – Housing sales in British Columbia are climbing faster than anticipated after a downturn, but a rebound won't be as inflamed as the sellers' market two years ago, says a report released Monday by Central 1 Credit Union.…
Changes to B.C. building code address secondary suites, energy efficiency
VICTORIA – The British Columbia government has announced changes to the building code that expand options for secondary suites in multi-family buildings.The change will give local governments the choice to allow secondary suites in…
New 60-foot public art installation illuminates second phase of Toronto master-planned community
As the Galleria Mall site undergoes transformation to become Galleria on the Park, one of the largest master-planned communities in Toronto, the 60-ft-tall shopping centre pylon has been reimagined into a glowing beacon for the…
Lowe’s to close 34 “underperforming” stores across six provinces, vexing Quebec
Lowe's Companies Inc. said Wednesday it will close 34 ''underperforming'' stores across six provinces as part of a restructuring of its Canadian business, raising hackles in Quebec over the fate of local hardware mainstay Rona.The…
WeWork cuts nearly 20% of workforce in restructuring effort
NEW YORK – WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy.WeWork said…
Toronto, Vancouver both see home sale gains in October but prices diverge
TORONTO — Home sales in Canada's two most valuable real estate regions rose in October as a rebound in the market continued due in part to falling interest rates.Greater Vancouver home sales were up by 45.4 per cent in the…
Vancouver Residential Land Sales Plummet in First Half of 2019
With a national struggle to balance supply and demand in real estate, the Vancouver market area saw extremely slow starts to the year, according to the recently released Altus Group 2019 Vancouver Flash Report. While there was strength in…