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Real Estate
Ottawa home sales jump 16 per cent, marks most January sales in decades
Home sales in Ottawa and the surrounding area surged nearly 16 per cent in January, as homebuyers showed they were undeterred by record cold temperatures and snowfalls.The Ottawa Real Estate Board says 829 residential properties were…
Vancouver home sales fall nearly 40 per cent in January, as prices pull back
Vancouver's once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years.The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro…
New Brunswick village inundated with calls after offering land for a loonie
The mayor of a small New Brunswick village says the community has been inundated with calls and emails after it offered to sell plots of land for less than the price of a cup of coffee.Ken Stannix said McAdam, N.B. — population 1,225 —…
Bluebird and Life Storage lead Canada’s growing self storage market
Life Storage, Inc., a leading national owner and operator of self storage properties in the United States, has added four self storage facilities in the Greater Toronto Area to its third-party management portfolio. The extended Greater…
GTA new home sales drop to 20-year low in 2018: BILD
Overall in 2018, there were 25,161 new homes sold in the GTA, according to Altus Group, BILD’s official source for new home market intelligence, making 2018 the year with the lowest number of new home sales in the GTA since Altus Group…
Ontario may allow disclosure of prices in real estate bidding wars
Ontario home buyers may soon be able to find out the prices and conditions of other offers in bidding wars.The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're…
LEED’s Next Step
Canada’s green building industry is evolving, and LEED certification is once again proving that it can too
UCP leader promises to fight ‘stress test’ changes to help home buyers
Opposition Leader Jason Kenney says Alberta Premier Rachel Notley's government has failed to fight back against Ottawa's stricter rules on mortgages and he would push for changes to make it easier to buy a home."If you elect a United…
Caisse accelerates industrial real estate shift with deal for logistics firm
With a growing number of consumers moving away from shopping malls to online shopping, the Caisse de depot et placement du Quebec is accelerating its shift in industrial real estate by getting hold of U.S. firm IDI Logistics for nearly $4.7…
Mortgage stress tests for private lenders not under consideration, Morneau says
Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders.Morneau is throwing cold water on a recent Reuters report saying the government was looking at applying stricter…