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Real Estate
Small businesses face devastation as damage from virus grows
NEW YORK – A restaurant owner wonders how she can stay in business if she can't sell food and drink.A hair salon operator shuts down to protect his clients and employees.A photographer who expected to take pictures at an Ivy League…
PPS Realty assesses COVID-19’s impact on the Toronto real estate market
"COVID-19 has put the global economy in turmoil since its first appearance in Wuhan, China during November 2019. Here in Canada, and specifically Toronto, we’ve had different responses from the GTHA real estate market," says Ali Salarian,…
CREA reports home sales up in February, average price climbs higher
OTTAWA — Home sales in February were up sharply compared with February 2019 when sales hit a decade-low for the month, the Canadian Real Estate Association said Monday.However, TD Bank senior economist Brian DePratto said conditions…
Toronto Residents Lack Confidence in Future Homeownership: Study
According to a recent Zillow and Ipsos survey, Torontonians confidence in the ability to own the home they want is on the decline due to rising home prices.For buyers, 77 per cent are concerned they can't afford the home they want,…
Bank of Canada cuts rate target to 0.75 per cent in response to COVID 19
OTTAWA – The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19.The central bank said Friday the unscheduled rate decision was due to the pandemic and its impact on…
Toronto housing market sees strong sales and price growth in February: TRREB
Toronto Regional Real Estate Board (TRREB) President, Michael Collins, announced strong year-over-year sales and price growth in February 2020, according to the recent Market Year in Review and Outlook Report.Greater Toronto Area…
Canadian housing starts declined in February: CMHC
The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC).This trend measure is a six-month moving average of the monthly…
Ontario’s Millennial, First-Time Buyers Want Detached, Semi, and Townhomes
Ontario’s millennial and first-time home buyers are largely looking for detached and semi-detached primary homes – and not condos, according to new research conducted by Ipsos for the Ontario Real Estate Association’s first annual ‘Buyers…
Housing shortage continues on P.E.I. despite another record construction year
CHARLOTTETOWN — Prince Edward Island is on track for a third consecutive year of record new home construction, but tenants are still feeling the pinch from a provincial vacancy rate that is the lowest in the country.The current…
Affordable housing: It’s not just a big city problem anymore
People in Atlantic Canada cities, including Charlottetown, are nervous about rising house prices as young people return and immigration fuels economic growth.
(Shutterstock)
Howard Ramos, Dalhousie University and Emma Kay, Dalhousie…