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Real Estate
Commercial Real Estate Investment in Vancouver Market Area Falls Short Outside of Office Market…
A recent commercial real estate investment survey by Altus Group revealed Q1 2019 registered a total of 322 sales transactions in the Vancouver Market, totalling a value of $1.58 billion, a decrease of 49 per cent compared to Q1 2018.…
Montréal unveils draft of ‘By-law for a Diverse Metropolis’
The mayor of Montréal, Valérie Plante, along with Robert Beaudry, executive committee member responsible for economic and commercial development, housing and design, as well as Craig Sauvé, associate councillor responsible for housing, have…
New York’s High Line park marks 10 years of transformation
NEW YORK – When the High Line park opened in New York City, then-Mayor Michael Bloomberg predicted the transformation of the abandoned, elevated freight line into an artsy public promenade would be ''an extraordinary gift to our city's…
TREB Release May Market Figures Reported by GTA Realtors
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS reported 9,989 transactions through TREB’s MLS System in May 2019.Although the results show an increase of 18.9 per cent over the 15-year low…
Condo developers offer free wine, avocado toast to woo buyers in slowing market
VANCOUVER – It wasn't that long ago that prospective homebuyers in Vancouver would line up for hours to get into condo presale events or face off in heated bidding wars for a chance to buy property in one of the country's hottest housing…
Spring flooding not sinking cottage markets in Ontario, Québec: report
TORONTO — Spring flooding has failed to sink Ontario and Québec's cottage real estate markets, according to Royal LePage's annual recreational property report.Parts of Québec cottage country were inaccessible for weeks because of…
CMHC reports pace of Canadian housing starts slowed in May, below estimate
The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…
As Montreal booms, city’s reputation for affordable apartments takes a hit
MONTREAL – When Erica Fagan and her fiancé started looking for a new apartment in their St-Henri neighbourhood, they thought they had reasonable criteria: they wanted a two-bedroom place where they could bring their own appliances and their…
Montreal aims to find affordable housing fix that has eluded Toronto, Vancouver
MONTRÉAL — As Toronto and Vancouver struggle to keep housing affordable for anyone but the wealthy, Montréal says its new, first-on-the-continent development model will help it succeed where other big cities have failed.Montréal led…
CRA identifies more than a billion dollars in additional taxes in BC and Ontario real estate markets…
Diane Lebouthillier, Minister of National Revenue, has announced the updated results for the CRA's audits in the real estate sector. Since 2015, CRA audits have identified over $1 billion in additional gross taxes related to the real estate…