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Real Estate
The CREA Updates Resale Housing Market Forecast For 2019 and 2020
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate boards and associations – for the rest of 2019 and looking into 2020.…
Canadian Home Sales Edge Higher in August
For the sixth consecutive month, home sales recorded via Canadian MLS systems advanced in August, according to statistics released by the Canadian Real Estate Association (CREA).Transactions are now running almost 17 per cent above the…
Rental rates in Canada up 8 Per Cent This Year for All Property Types
Although August is one of the busiest months for moving in Canada, the average rental rates declined for the second month in a row after two straight months of increases, according to the September National Rent Report produced by…
Beaconsfield Plans to Hold the Next Tax Increase at 2 Per Cent
According to the Montréal Agglomeration, the value of Beaconsfield properties has increased by 25.9 per cent and the city plans to hold the next municipal tax increase at the rate of inflation, which should be around 2 per cent.…
Cadillac Fairview Purchases East Harbour Project from First Gulf
Cadillac Fairview has entered into an unconditional purchase agreement with First Gulf and its partners to acquire 100 per cent ownership of Toronto's East Harbour project. The project is a 38-acre site with the objective of creating a new…
National Real Estate Survey Reveals Decreases In Real Estate Prices Per Square Foot
A nationwide study conducted by CENTURY 21 Canada reveals that real estate prices per square foot have fallen in some areas across the country since last year.The rate of price decreases varies broadly while in some markets, such as…
Realtor Groups Push For Eased Mortgage Rules as Federal Campaign Gets Underway
Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway.Organizations representing realtors and…
B.C. Speculation and Vacancy Tax Helps Ease Housing Crunch: Finance Minister
Finance Minister Carole James is giving some credit to the speculation and vacancy tax for lowering home prices and easing rental vacancies in British Columbia.James said Thursday she is cautiously optimistic about easing prices in the…
Concept Zenit Introduces HausValet
HausValet is a virtual reality experience that is teleporting homebuyers to thousands of homes on the market without ever leaving the comfort of their own living rooms.Concept Zenit, a Québec business using virtual reality technology to…
Canadian Housing Starts Trended Higher in August: CMHC
The trend in housing starts was 218,998 units in August 2019, compared to 208,931 units in July 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…