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Montreal home sales in December fall 39% compared with year ago: Quebec board
MONTREAL — The Quebec Professional Association of Real Estate Brokers says home sales in Montreal last month fell 39 per cent from a year earlier to a level not seen in December since 2014.The real estate organization says sales for…
Homebuyers hope ‘patience pays off’ as prices drop, recession predictions loom
TORONTO — Andrew Hamilton and his wife bid farewell to their home in Toronto's Junction neighbourhood roughly a year and a half ago, when housing prices were soaring, but finding a new abode proved tricky.With no available homes meeting…
Vancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago
Greater Vancouver ended 2022 with another month of prospective homebuyers taking a ``wait and see'' approach, which the region's real estate board said pushed down sales by 52 per cent and prices three per cent from the year before.…
December home sales down 48% from last year as fall from 2021 record continues: TRREB
TORONTO — The Greater Toronto Area capped off a tumultuous year with its ninth straight month of declining home prices and almost half the sales seen a year ago.The Toronto Regional Real Estate Board categorized the reduced activity…
B.C. becomes first province to require three day cooling off period for homebuyers
VANCOUVER — British Columbia has become the first province to require a three-day cooling-off period for buyers after they've signed an agreement to purchase a home.The new homebuyer protection period is designed to give purchasers more…
Calgary’s December home sales down 31% from last year: real estate board
CALGARY — The Calgary Real Estate Board says home sales in the region ended the year on a record high even though December sales fell 31 per cent from a year ago.The Albertan board says it capped the year with 29,672 sales, including…
QPAREB launches 2022 review and 2023 forecast for the residential real estate market
The Quebec Professional Association of Real Estate Brokers (QPAREB) launched its 2022 review and 2023 forecast for the residential real estate market for the province of Quebec and different regions.2022 REVIEW | PROVINCE OF…
How to protect yourself against ‘renoviction’ as rental markets heat up
CALGARY — With Canada's already-hot rental market expected to come under even more pressure in 2023, experts say tenants should guard against ``renoviction'' by educating themselves about their rights.The term renoviction is used to…
B.C. boosts funds to agency that handles disputes between landlords and tenants
VICTORIA — British Columbia is beefing up its residential housing agency that resolves tenant-landlord disputes over issues including unfair evictions, unpaid rent and damage.Housing Minister Ravi Kahlon said the Residential Tenancy…
Ontario and British Columbia headed for a buyer’s market, RBC says
TORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says.The report released Thursday said those purchasing real estate in Ontario and B.C.…