Browsing Category
Real Estate
Why Canada’s political system makes it difficult to fight floods
Ontario Ministry of Natural Resources fire rangers wade through floodwaters as they deploy pumps in Pembroke, Ont., in May 2019. Too many authorities involved in fighting flood risks can often paralyze flood management efforts.
THE…
Ontario Launches Consultation on Provincial Policy Statement for Land Use
As part of the More Homes, More Choice: Ontario's Housing Supply Action Plan, the government is consulting on proposed changes to the Provincial Policy Statement (PPS) — which sets out direction for land use planning in the province.…
Condo Apartment Sales Increase in Q2 2019: TREB Report
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS reported a 3.2 per cent increase in Q2 of 2019, with 7,038 condominium apartment sales through TREB's MLS System.According to the…
Time to reset Waterfront Toronto’s Smart City public consultations
An artist’s rendering of the proposed Quayside neighbourhood in Toronto.
Alphabet Inc. Sidewalk Labs
Sidewalk Labs, the Google company tapped by Waterfront Toronto to propose a smart-city development in its 12-acre Quayside district, has…
The Canadian Office Market’s Investment Activity Accelerated in Q2 2019: CBRE Canada Report
According to CBRE Canada’s Q2 2019 Canadian Cap Rates & Investment Insights report, the Canadian office market rebounded in Q2 2019, while industrial fundamentals continued their run as every key metric strengthened.Investment…
PM’s official residence becoming a costly ‘debacle,’ say Conservatives
OTTAWA – Nearly four years after Justin Trudeau opted not to move into the prime minister's official residence over concerns about its crumbling state, the building remains vacant – except for staff who continue to use the kitchen to…
Ontario appoints special adviser on flooding
Ontario has appointed a special adviser on flooding to recommend ways the province can reduce the impacts of flooding and help communities deal with them.Doug McNeil is a former Manitoba deputy minister of infrastructure and…
The Province of Québec Posts Largest Quarterly Residential Sales Increase Since 2005
The Québec Professional Association of Real Estate Brokers (QPAREB) reports that a total of 29,212 sales were concluded in Québec’s second quarter of 2019.
According to the QPAREB’s recent residential real estate market statistics — based…
Bank of Canada lowers qualifying rate used in mortgage stress tests
OTTAWA – The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years.The central bank's five-year benchmark qualifying rate is now…
Study says rents in most cities are unaffordable for lower income earners
OTTAWA — A minimum-wage worker could afford to rent in just a few neighbourhoods in Canada, suggests a new analysis of the country's rental market that also raises questions about a promised federal rent-supplement program.The report…