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Real Estate
Three years after Supreme Court decision, TRREB still fighting over MLS data
TORONTO – Three years after losing a prolonged court battle over the restriction of housing data, the Toronto Regional Real Estate Board continues to pursue legal action against companies it accuses of illegally accessing its Multiple…
CMHC reports annual pace of housing starts in Canada slowed in June
OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in June.The national housing agency says the seasonally adjusted annual rate of housing starts fell 1.5 per cent to 282,070 units in June compared…
Nearly Half of Prospective Home Buyers Under 45 Considering Moving Out of Ontario: OREA
New polling data released by the Ontario Real Estate Association (OREA) shows Ontarians feel housing affordability in the province is getting worse and the future is not looking better for homeownership without greater government…
CREA reports home sales down 8.4 per cent month over month in June
Home sales across Canada fell for the third consecutive month in June as the market continued to slow from its March highs, but the month still set a record, the Canadian Real Estate Association said Thursday.The association said…
Bank of Canada cuts growth forecast for 2021, reduces bond buying target
OTTAWA – The Bank of Canada says the domestic economy will grow at a slightly slower pace this year than it previously thought and expects the risks from COVID-19 to wane – but not enough to change its trendsetting policy rate.The…
Northwest B.C records dramatic real estate boom in first half of 2021
TERRACE STANDARDNorthwest B.C. is witnessing a dramatic real estate boom in the first half of 2021 as the COVID-19 pandemic-induced recession slowly begins to wane across the province.While the number of properties sold in 2021…
Glen Abbey owner ClubLink withdraws appeals over development of golf course
TORONTO – The company that operates the famed Glen Abbey golf course in Oakville, Ont., has withdrawn from its attempt to get permission for a proposed housing and commercial development.TWC Enterprises Ltd., which does business…
Realtors tell renters to lock in homes before border reopens, competition stiffens
TORONTO – Realtors say people on the hunt for rental properties should lock in a lease before Canada reopens its borders.Though the federal government hasn't said how soon borders could reopen, real estate agents predict there will be a…
Collaboration with industry required for local housing crisis, says area developer
COLLINGWOODTODAY.CAA major factor impacting the region's attainable housing crisis is the lack of collaboration between the municipality and the development industry, according to Thomas Vincent, president of Global Hospitality Inc.…