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condos

Canadian home sales expected to pick up in spring but inventory still lags

Tara Deschamps - The Canadian Press Mar 22, 2023

TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home.Long hours…

Real Estate

Annual average rents rise 9.7% in Canada: National Rent Report

Building Mar 20, 2023

The average asking rent for all property types in Canada rose 9.7 per cent year over year in February, to $1,984, according to the Rentals.ca and Urbanation latest National Rent Report.This is the first time since June that average…

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…

Real Estate

Montreal home sales hit new all time low for February: Quebec board

The Canadian Press Mar 7, 2023

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's February home sales hit a new low last month, dropping 32 per cent from the prior February.Sales for the month totalled 2,996 compared with 4,375 a…

Real Estate

Competition Bureau investigating Quebec real estate org’s data sharing restrictions

Tara Deschamps - The Canadian Press Feb 21, 2023

The Competition Bureau is investigating whether the Quebec Professional Association for Real Estate Brokers' data-sharing restrictions are stifling competition in the housing market.The watchdog said Monday that it is looking into…

Real Estate

Average rent in Canada up 10.7% since last year: report

The Canadian Press Feb 15, 2023

TORONTO — A new report says the average listed rent for all property types in Canada jumped by 10.7 per cent year-over-year in January, the ninth straight month of double-digit increases.The report from Rentals.ca and Urbanation…

Building

Successful Marketing Strategies in The New Era of Condo Development

Natasha Koifman Feb 14, 2023

Fueled by demand from first-time homebuyers and millennials alike, condos are an extremely popular category within the real estate market, especially in cosmopolitan cities like Toronto. In fact, among major cities, Toronto is ranked as the…

Real Estate

Canada’s housing market to see listings fall in first quarter, before rebounding: TD

The Canadian Press Feb 10, 2023

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.The report from Rishi Sondhi, an economist…

Real Estate

Investors made up 20 to 30% of homeowners in some provinces: Statistics Canada

The Canadian Press Feb 8, 2023

OTTAWA — New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020.The data agency says investors made up 31.5 per cent of Nova Scotia's homeowners that year and 29 per cent of New…

Building

Canadian economy grew slightly in November, expected to slow further

The Canadian Press Jan 31, 2023

OTTAWA — The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to slow spending.Statistics Canada's preliminary estimate for real GDP in December indicates…

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