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Real Estate
Quebec City Residential Market Sees New Price Records and Marked Decrease in Sales
The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area (CMA) for the month of June, based on the real estate…
Soaring Prices Weaken Residential Sales in Montreal’s Suburbs
The Quebec Professional Association of Real Estate Brokers (QPAREB) released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of June, based on the real estate brokers’ Centris…
Toronto’s financial district, PATH brace for longer recovery as businesses reopen
TORONTO – For the last 34 years, Alex Zilberberg's mornings have begun with a lineup of customers so strong that his The Bagel Stop locations do 70 per cent of their daily business before 10 a.m.But since the COVID-19 pandemic began,…
Toronto home sales and prices down in June, but TRREB will still upgrades forecast
TORONTO – The Toronto Regional Real Estate Board says the pace of sales and home prices eased in June as COVID-19 cases subsided, but a heated start to the year still pushed it to upgrade its annual forecast.The real estate board said…
Feds to begin talks on high frequency rail with Indigenous groups, private sector
QUEBEC – The federal government says it's taking the first steps in building a long-awaited high frequency rail line along the Toronto to Quebec City corridor.Transportation Minister Omar Alghabra says the government is now looking to…
Seniors’ residences vacancies rise slightly: CMHC
According to the CMHC 2021 Seniors’ Housing Survey*, which collects data including rents, vacancy rates and related information**, vacancy rates in seniors’ residences are on the rise in all provinces except Newfoundland and Labrador.…
Withholding Rent: Gutsy or Risky?
In the face of economic downturn, uncertainty and pandemic lockdown, tenants value liquidity. Many view their rent obligations as daunting. When cash is scarce, the health of the tenant’s business takes on immediacy.Withholding…
Metro Vancouver home sales and listings ease in June, benchmark price flat
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the…
Hiring intentions hit all time high in Bank of Canada business outlook survey
OTTAWA – Hiring intentions among businesses have hit an all-time high and workers' confidence in landing a job has rebounded nearly to pre-pandemic levels as the country looks to a summer rebound from the pandemic, the Bank of Canada says.…
CMHC changes underwriting practices on mortgage loan insurance
OTTAWA – Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share.The federal housing agency said Monday that…