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B.C. Speculation and Vacancy Tax Helps Ease Housing Crunch: Finance Minister

Dirk Meissner — The Canadian Press Sep 16, 2019

Finance Minister Carole James is giving some credit to the speculation and vacancy tax for lowering home prices and easing rental vacancies in British Columbia.James said Thursday she is cautiously optimistic about easing prices in the…

Real Estate

Vancouver Area Home Prices Fall in August, Number of Sales Up From Year Earlier

The Canadian Press Sep 9, 2019

The number of homes sold in the Greater Vancouver area was up in August compared with a year ago, but benchmark prices for the major categories of housing was down, the region's real estate board says.The Real Estate Board of…

Real Estate

Greater Montréal Home Sales Rise 10 Per Cent in August as Prices Also Climb

The Canadian Press Sep 6, 2019

Greater Montréal home sales in August rose 10 per cent compared with a year ago to hit a record high as prices also rose.The Québec Professional Association of Real Estate Brokers says the area had 3,527 home sales in August for the…

Real Estate

GTA new home sales Increase in July

Building Aug 27, 2019

The Building Industry and Land Development Association (BILD) have recently reported a year over year increase in condo sales and single-family sales in July.There were 566 new single-family homes, including detached, linked and…

Real Estate

Metro Vancouver Home Sales Edge Higher in July, Prices Still Falling

The Canadian Press Aug 6, 2019

VANCOUVER — Home sales in Metro Vancouver rebounded in July, making the traditionally slow selling period the second highest month for demand this year.Figures from the Greater Vancouver Real Estate Board show residential sales…

Cities

The Effect of Transit Lines on House Prices

Building Jul 26, 2019

Although rapid transit projects can cost up to billions of dollars to construct, a new study from UBC’s Sauder School of Business explores how improved access to employment centers can increase nearby home prices in urban areas.…

Real Estate

Altus Group’s 2019 Edmonton Flash Report Reveals a Real Estate Market Increase

Building Jul 9, 2019

According to Altus Group’s 2019 Edmonton Flash Report, Edmonton’s market area saw a total investment volume increase to $3.94 billion in 2018, which lead to gains in the industrial and apartment sector in 2018.Altus Group states that Q1…

Real Estate

Market Conditions in Montréal Tighten as Sales and Prices Rise

Building Jul 5, 2019

Based on the real estate brokers’ Centris provincial database, the Québec Professional Association of Real Estate Brokers (QPAREB) released a recent residential real estate market statistics, for the Montréal Census Metropolitan Area (CMA).…

Construction

CMHC reports pace of Canadian housing starts slowed in May, below estimate

Building Jun 10, 2019

The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

Real Estate

Montreal aims to find affordable housing fix that has eluded Toronto, Vancouver

Giuseppe Valiante — The Canadian Press Jun 3, 2019

MONTRÉAL — As Toronto and Vancouver struggle to keep housing affordable for anyone but the wealthy, Montréal says its new, first-on-the-continent development model will help it succeed where other big cities have failed.Montréal led…

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