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Real Estate
Toronto real estate board calls on Ottawa to revisit mortgage stress test
Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing…
City of Vancouver says 2018 empty home tax cut number of homes sitting vacant
The number of vacant properties in Vancouver has fallen by 15 per cent in one year and the city says just over half of those previously empty homes have been returned to the rental market.The statistics are from initial returns of…
Toronto home sales see small uptick in January as prices continue to go up
Home sales in Toronto and the surrounding area saw a small uptick in January, a sign that the real estate market in Canada's largest city remains stable.The Toronto Real Estate Board reports that there were 4,009 home sales recorded…
Welcome to Our Cities. Please build.
St. Catharines and Welland take different approaches to put developers on the fast track.
Ottawa home sales jump 16 per cent, marks most January sales in decades
Home sales in Ottawa and the surrounding area surged nearly 16 per cent in January, as homebuyers showed they were undeterred by record cold temperatures and snowfalls.The Ottawa Real Estate Board says 829 residential properties were…
Vancouver home sales fall nearly 40 per cent in January, as prices pull back
Vancouver's once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years.The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro…
New Brunswick village inundated with calls after offering land for a loonie
The mayor of a small New Brunswick village says the community has been inundated with calls and emails after it offered to sell plots of land for less than the price of a cup of coffee.Ken Stannix said McAdam, N.B. — population 1,225 —…
Bluebird and Life Storage lead Canada’s growing self storage market
Life Storage, Inc., a leading national owner and operator of self storage properties in the United States, has added four self storage facilities in the Greater Toronto Area to its third-party management portfolio. The extended Greater…
GTA new home sales drop to 20-year low in 2018: BILD
Overall in 2018, there were 25,161 new homes sold in the GTA, according to Altus Group, BILD’s official source for new home market intelligence, making 2018 the year with the lowest number of new home sales in the GTA since Altus Group…
Ontario may allow disclosure of prices in real estate bidding wars
Ontario home buyers may soon be able to find out the prices and conditions of other offers in bidding wars.The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're…