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Real Estate
CREA reports Canadian home sales set record for September, up 45.6% from last year
OTTAWA — The Canadian Real Estate Association says home sales in September set another record for the month as they continued to climb higher and prices soared.The association says home sales in September were up 45.6 per cent compared…
As suburban homes get big city price tags, longer commutes look like better deals
For Al Figueiredo, the scenic drive down highway 116 to Crystal Beach was enough to convince him to leave Toronto.The school teacher who splits his time between remote work and working in the city, decided to leave Toronto's Trinity…
Ontario real estate association calls for halt to open houses as COVID 19 cases rise
TORONTO — The Ontario Real Estate Association says it is asking agents to halt plans for open houses, as the province reported a record high of 939 new cases of COVID-19 on Friday.Open houses resumed in mid-July as part of the…
Toronto home sales surged 42 per cent to set new September record
Toronto's housing market saw its best September on record as pent-up demand and rock bottom borrowing costs supercharged sales despite the ongoing COVID-19 pandemic.The Toronto Regional Real Estate Board said 11,083 existing homes were…
Vancouver home sales surge 56.2 per cent to record level in September
The real estate market in Vancouver had its best September on record this year in terms of the number of homes sold.The Real Estate Board of Greater Vancouver said on Friday that 3,643 homes were sold last month, up 56.2 per cent from…
The United Church of Canada establishes the United Property Resource Corporation
The United Church of Canada’s (UCC) United Property Resource Corporation (UPRC) was created to meet the growing need for professional real estate development and management expertise within communities of faith and non-profits across the…
Toronto real estate poses bubble risk, while Vancouver homes are overvalued, UBS says
Toronto is one of seven world cities most at risk of a residential real estate bubble, according to a new report released by UBS this week.Toronto scored 1.96 in the UBS Global Real Estate Bubble Index, the third-highest score below…
Downtown office vacancy rates rising in Canada as commercial subleases flood market
Office vacancies are rising in Canada and could soar higher in the coming months as a second wave of the pandemic extends the mass exodus of workers from office towers and communal workspaces.Exacerbating the situation is an increase in…
Infrastructure bank to invest $10 billion in priority areas for pandemic recovery
OTTAWA – Prime Minister Justin Trudeau outlined Thursday how the Canada Infrastructure Bank intends to invest $10 billion in projects meant to create 60,000 jobs and contribute to the fight against climate change.''We will continue to…
Home prices could fall 7 per cent in 2021, hitting Prairies hard
TORONTO — Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.There is a ``dangerous'' oversupply of new,…