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Real Estate
GTA new condo sales slow, 10,000 to be delayed: Urbanation
Greater Toronto Area (GTA) new condominium sales totaled 6,792 units in the second quarter, declining 19% from the first quarter and 24% year-over-year but remaining above the 10-year average of 6,302 sales, according to Urbanation…
Cancelled listings, turning homes into rentals more common as housing market cools
TORONTO — When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers. She hired stagers, painted walls, washed the windows, listed the place below market value and…
Home Prices See Steady Rise Across Canada in H1: CENTURY 21
A press release from CENTURY 21 Canada states that while interest rates have been on the rise for the past few months, the Canadian housing landscape continued to see pricing growth during the first six months of this year. The company…
GTA average rents rise 19% year over year: Rent Report
According to the latest Bullpen Research & Consulting and TorontoRentals.com Toronto GTA Rent Report, the average monthly rent in the Greater Toronto Area (GTA) increased 19 per cent year over year for all property types in June to…
You need an income of over $220K to buy a home in Toronto, Vancouver, new data shows
You'll need to be making more than $220,000 to buy a home in Toronto and Vancouver with a 20 per cent down payment, according to new data from Ratehub.ca.Even though home prices have been going down in hot markets like Toronto and…
B.C. announces consumer protection policy for homebuyers in competitive market
VICTORIA — British Columbia's incoming three-day cooling-off period aimed at protecting potential homebuyers will not make a big difference in a market that is shifting from frenzied to balanced, the head of the B.C. Real Estate Association…
U.S. Housing market chills as mortgage rates, prices scare buyers
NEW YORK (AP) – It's the summer that cooled off the housing market.Rising mortgage rates have combined with already high home prices to discourage would-be buyers. Mortgage applications have declined sharply. Sales of previously…
Interest rate hike like a ‘hammer to housing’: BMO senior economist
TORONTO – A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year.Robert Kavcic says governor Tiff…
Certified Rental Building Program now national in scope
The Certified Rental Building Program (CRBP) is now a national brand, known as the Canadian Certified Rental Building Program.Launched in 2008 by the Federation of Rental-housing Providers of Ontario (FRPO), the Certified Rental…
Canada’s inflation rate climbs to 8.1% in June as gas prices soared
OTTAWA – Canada's annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago, Statistics Canada said Wednesday.The June inflation rate was up from 7.7…