Browsing Tag

Canada

Trudeau cabinet meets to discuss rebuilding amid rising number of COVID 19 cases

The Canadian Press Sep 14, 2020

OTTAWA – Prime Minister Justin Trudeau warned Canadians against relaxing their guard against COVID-19 as he and his cabinet kicked off two days of closed-door meetings to discuss the pandemic and how to lead the country through a second…

Real Estate

About $1 billion of mortgage payments deferred each month during pandemic: CMHC

Anita Balakrishnan – The Canadian Press Sep 10, 2020

OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…

Real Estate

Bank of Canada warns of uneven recovery despite better than expected bounce back

Jordan Press – THE CANADIAN PRESS Sep 9, 2020

OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…

Construction

Annual pace of housing starts increased in August: CMHC

Building Sep 9, 2020

The trend in housing starts was 213,144 units in August 2020, up from 204,597 units in July 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

Real Estate

Liberals extend commercial rent relief program for last time

The Canadian Press Sep 9, 2020

OTTAWA – An underused program to give hard-hit small businesses a break on their rent is getting one more month of service, but without any of the changes critics say are needed to prevent stores from permanently closing their doors.On…

Urban Planning

The coronavirus pandemic is pushing Canadians out of cities and into the countryside

S. Ashleigh Weeden, University of Guelph Sep 8, 2020

Rural communities are seeing population growth as people leave the city during the pandemic. (Shutterstock) It’s starting to sound trite, but COVID-19 has radically changed the way many people live and work. Six months into this pandemic,…

Real Estate

National real estate survey finds home prices holding steady: Century 21 Canada

Building Aug 24, 2020

CENTURY 21 Canada’s annual National Real Estate survey reveals house prices across Canada are maintaining their strength, while the number of sales is coming back after a decline earlier in the spring due to the COVID-19 pandemic.The…

Real Estate

Canadian Real Estate Association says July marked a record high for home sales

The Canadian Press Aug 17, 2020

OTTAWA — The Canadian housing market saw more sales this July than any month in the past 40 years, with 30 per cent more homeowners closing on properties compared to this time last year.The Canadian Real Estate Association said…

Sustainability

Canada sets three percent target for energy efficiency improvement

Building Jul 27, 2020

Canada will join a collaboration of governments and supporting organizations called The Three Percent Club to put the world on a path to three percent annual energy efficiency improvement.According to the organization, Canada’s…

Real Estate

Canadians outfitting backyards with pools to deal with COVID 19 pandemic

Ross Marowits – THE CANADIAN PRESS Jun 29, 2020

TORONTO – Seven-year-old Stanley has been donning a wet suit to swim in his pool since March to keep busy while shut-in at home during the COVID-19 pandemic.That routine will carry on this summer since camps are closed because of the…

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