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Real Estate
September sales down 18%, new listings down 34 per cent from last year: TRREB
Toronto Regional Real Estate Board says the market kicked off the fall selling season with an 18 per cent year-over-year decrease in homes sold in September and a 34 per cent drop in new listings.The board revealed Tuesday that…
Elevated home sale activity continues to outstrip the supply in Metro Vancouver
Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.The Real Estate Board of Greater Vancouver (REBGV) reports that…
Vancouver’s MacMillan Bloedel Building to be renamed Arthur Erickson Place
Vancouver’s historic MacMillan Bloedel Buiding will officially be renamed Arthur Erickson Place.Arthur Erickson designed the Modernist landmark at 1075 West Georgia Street with partner Geoffrey Massey for the forestry giant…
Does the Liberal Strategy Really Mean a “Home for Everyone”?
Throughout the election, the Liberal party’s approach to Canada’s housing affordability crisis was to promise a “home for everyone.” The platform was detailed under three key areas: unlocking home ownership, building more homes, and…
GTA condominium apartment sales hit record highs in August
The GTA new home market saw a record number of condominium apartment sales in August, the Building Industry and Land Development Association (BILD) has announced.Condominium apartments, including units in low, medium and high-rise…
OREA calls for end to exclusionary single family zoning in high demand areas
The Ontario Real Estate Association (OREA) is calling on the Government of Ontario to cut red tape and build on the successful More Homes, More Choice Act, 2019 by ending Ontario's exclusionary single-family zoning rules in high-demand…
Average rents in GTA rise 5th month in a row
Monthly rents have risen in most GTA cities, areas; Average rent for apartments in Toronto in August rose 8% to $2,094 per month from March low of $1,938
Financial stress is taking a physical toll on young Canadians, survey finds
For the past several years, the strain of financial stress has left Safiya Mayers with depression, anxiety, fatigue, aching muscles, weight fluctuations and chest pains.The 25-year-old facilities coordinator in Toronto said she…
Canadian housing market moves from moderate to high degree of vulnerability: CMHC
Canada Mortgage and Housing Corporation (CMHC) says home price acceleration, alongside continued overvaluation, as home prices further detach from fundamental factors, such as labour income, has created a high degree of vulnerability in…
Cineplex’s pandemic response was similar to prospective buyer, other retailers: CEO
TORONTO – The chief executive of Cineplex Inc. says his company's decision to slow payments to film studios and seek rent deferrals and abatements during the pandemic was akin to moves being made by Cineworld Group PLC and other large…