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Real Estate
Annual pace of inflation climbs to 1.0 per cent in November, Statistics Canada says
OTTAWA – The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house.Statistics Canada said Wednesday the 1.0 per cent…
From restaurants to retailers, virus transformed economies
NEW YORK – It would be just a temporary precaution.When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon – as soon as New…
Hamilton, Moncton becoming highly vulnerable to housing bubble, CMHC says
The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.The comment…
Home prices to rise more than 9% in 2021, Canadian Real Estate Association forecasts
The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector.The real estate association says it expects…
Building picked up in November as housing starts jumped 14.4%
Builders broke ground on more homes in November as construction on multi-family housing picked up in Vancouver and Montreal, Canada Mortgage and Housing Corp. said on Tuesday.The seasonally adjusted annual rate of housing starts rose…
Canadian home sales on track for record year
Statistics released by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in November 2020.National home sales edged back 1.6% on a month-over-month (m-o-m) basis…
Stressed out working from home? Consider a hotel day pass
Could the Chateau Laurier be your new office?
THE CANADIAN PRESS/Adrian Wyld
J.K. Rowling famously wrote her Harry Potter series from local cafés and, eventually, out of a five-star hotel. She found that working from home had too many…
Body of second worker recovered from rubble of building collapse in London, Ont.
TORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant.The…
N.S. single mothers describe the dilemma of families seeking safe, low cost housing
HALIFAX – Single mother Harley Newell faces a harsh choice: either battle to remain in an apartment in need of repairs or pursue the faint hope of finding publicly subsidized housing in a small Nova Scotia town.The 29-year-old single…
Canadian home prices forecast to rise 5.5% in 2021: Royal LePage
Royal LePage has reported that it sees housing demand exceeding expectations in the second half of 2020. According to the company, the supply of homes available for sale failed to keep pace, driving home prices higher and pushing unmet…