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Real Estate
Promise tracker: What the Ontario parties are pitching on the campaign trail
TORONTO – A running list of election promises announced by the Progressive Conservatives, NDP, Liberals and Greens in Ontario since late March:
Progressive Conservatives
May 9: Increase disability support payment rates by five per…
RioCan REIT sees demand for retail space soar as it reports first quarter profit
TORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation.Jonathan Gitlin, the real estate company's chief…
GTA average rents up 10% year over year: Rent Report
The average monthly rent in the Greater Toronto Area (GTA) increased 10 per cent year over year in March to $2,182 from $1,975 in March 2021, according to the latest Bullpen Research & Consulting and TorontoRentals.com Toronto GTA Rent…
Municipal tax rate twice the inflation rate as city delivers its latest budget
THE NELSON DAILYInflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount.The city will be bumping its annual taxation figure by a full four per cent, nearly…
OREA Calls on Provincial Parties to Prioritize Housing Policies
According to the Ontario Real Estate Association, with the Canadian dream of home ownership on life support in Ontario, Ontario REALTORS are calling on all political parties and candidates running in the 2022 Ontario election to…
Ontario NDP, Tories promise to boost housing supply through differing measures
Ontario's New Democrats and Progressive Conservatives are both promising to build 1.5 million homes in 10 years, with housing affordability becoming one of the main election issues in a province grappling with a dearth of supply and…
Clock now ticking for developers and builders to make good on plans with Sunset Clause
THE AURORAN
Developers and builders looking for zoning bylaw amendments to break ground in Aurora will have a set period of time to make good on their plans, following a Council decision last week.In a unanimous vote last week, Council…
Fewer home bids easing competition for some, but prices still high: brokers
TORONTO — Prospective buyers who have grown tired of going up against dozens of competitors to purchase a home are starting to get some relief from the frenzy seen over the past two years.Toronto, Vancouver and Montreal brokers say…
Montreal home sales down 17% in April: Quebec brokers association
MONTREAL — A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.The Quebec Professional Association of Real…
Vancouver April Home Sales Decline to Historically Typical Levels: Board
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the…