Canada

TORONTO – A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months.Realtors and lawyers in Toronto and Vancouver say…

Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday.The association found the number of homes sold dropped by 25.7 per cent to 54,894…

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the…

Vancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property's value.The motion by Mayor Kennedy Stewart to hike the tax in 2023 received unanimous…

CHARLOTTETOWN — The federal government is investing about $7.9 million for affordable housing in Charlottetown for people with mental health or addiction issues.Charlottetown member of Parliament Sean Casey announced the funding today…

OTTAWA — Home sales in Canada fell in March, while prices were up 11.2 per cent compared with a year earlier, Canadian Real Estate Association said Tuesday.The association said home sales in March were down 16.3 per cent compared with…

VICTORIA — Some affordable housing projects in Victoria will now be able to skip rezonings or public hearings after city council unanimously passed a motion at a meeting Thursday.The city says the new legislation will accelerate…

OTTAWA — Canadians looking to save a down payment to buy their first home will have a new tax-free savings account to use starting next year.The federal government announced the Tax-Free First Home Savings Account (FHSA) in the budget…

VICTORIA — Municipalities across Canada face housing development constraints in their communities that could be eased through more co-operation between all levels of government, says a report by a local governance think tank.The report…

OTTAWA – A federal housing council says the government should invest at least $6.3 billion over this year and next to deal with the immediate housing needs of Indigenous people in urban, rural and northern communities.The National …