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affordable homes

By Patrick Penner, Local Journalism Initiative ReporterTRI-CITIES DISPATCHDeflated Tri-Cities property sales and listings continued in February, according to monthly statistics released by the Real Estate Board of Greater Vancouver…

Real Estate

Canadian home sales drop 40 per cent in February compared with year ago

Brett Bundale and Tara Deschamps - The Canadian Press Mar 15, 2023

February's home sales plummeted 40 per cent from a year ago to levels not seen since before the pandemic as new listings and prices also dropped in what one economist called ``hints of a bottoming process.''The plunge in sales came as…

Construction

CMHC says annual rate of housing starts climbed 13 per cent in February

The Canadian Press Mar 15, 2023

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February.The national housing agency says the seasonally adjusted annual rate of housing starts for the second month of the year…

Real Estate

Three strategies to help fix housing supply

Nevena Dragicevic Mar 14, 2023

The causes and solutions to Canada’s housing crisis have been endlessly debated in recent years. But at the core of the challenge is a supply issue - there simply isn’t enough housing to meet demand. According to the Canadian Housing and…

Building

As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

Nojoud Al Mallees – THE CANADIAN PRESS Mar 9, 2023

OTTAWA – Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths.In a…

Real Estate

Signs of stability in Fraser Valley for home buyers and sellers

Building Mar 9, 2023

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since…

Real Estate

Bank of Canada holds key rate for first time in a year, leaves door open to hikes

Nojoud Al Mallees – THE CANADIAN PRESS Mar 8, 2023

OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy.The central bank said Wednesday that it has decided to hold its key rate…

Real Estate

GTA non-profits experiencing increasing demand for services: report

Building Mar 6, 2023

Organizations providing critical social infrastructure are now being pushed out of the neighbourhoods that depend on them, and as a result, our society risks losing its “community glue,” according to the “Greater Toronto Non-Profit…

Real Estate

Toronto area home prices down 18% from last February, sales halved: board

Tara Deschamps - The Canadian Press Mar 3, 2023

TORONTO – Greater Toronto Area home prices fell almost 18 per cent from last February – the largest year-over-year drop on record – as the number of properties sold was halved, the region's real estate board said.The Toronto…

Real Estate

Greater Vancouver home sales up 77% from Jan., down 47% from last year: board

The Canadian Press Mar 2, 2023

VANCOUVER — The Real Estate Board of Greater Vancouver says February's home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before.The board says sales for the month totalled 1,808, roughly 33 per cent…

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