Browsing Category
Real Estate
Canada Mortgage and Housing Corp. says annual pace of housing starts slowed in August
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July as the rate of new home construction continued to slow from their highs earlier this year.The housing agency says the…
Federal leaders argue over affordability plans as campaigns make pitch for votes
OTTAWA – The question of who would make life more affordable for Canadians hit the campaign trail Wednesday with party leaders defending why their spending plans would ease pressures as inflation hit a near two-decade high.On…
CREA lowers home sales forecast, but nudges average price higher
Tight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted.The association revealed an updated…
Bank of Canada plans to raise interest rate before moving to reduce bond holdings
Bank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery.The…
Bank of Canada keeps key interest rate target on hold, citing pandemic related risks
OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery.The central bank held its target for the…
Montreal and Quebec City real estate markets reveal downward trend in August: QPAREB
The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal and Quebec City Census Metropolitan Area (CMA) for the month of August.
According to the…
August home sales down, prices up as supply fell 43%: Toronto real estate board
TORONTO — The Toronto Regional Real Estate board says August home sales slowed from the frenzied pace seen earlier in the year, but market conditions have tightened as supply plummeted by 43 per cent and prices rose yet again.The…
Near record sales in August combined with lowest supply in four decades: Fraser Valley REB
According to a release from the Fraser Valley Real Estate Board (the Board), demand for Fraser Valley real estate remained elevated in August reaching the second highest sales ever for the month against a backdrop of decreasing supply.…
Pace of home sales slowed in August, but prices still increasing: Vancouver board
VANCOUVER — The Real Estate Board of Greater Vancouver says the city's home sales have slowed from a frenzied pace earlier this year, but supply has dwindled all summer and prices are continuing to rise.The board says August home sales…