Browsing Tag

homes

Home prices could fall 7 per cent in 2021, hitting Prairies hard

Anita Balakrishnan - The Canadian Press Sep 29, 2020

TORONTO — Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.There is a ``dangerous'' oversupply of new,…

Real Estate

Housing market ‘moderately’ vulnerable amid potential overvaluation of homes: CMHC

Anita Balakrishnan – The Canadian Press Sep 23, 2020

Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic, Canada Mortgage and Housing Corp. said in a new report released on Monday.In cities such as Victoria, Moncton and…

Real Estate

Already under pressure, Toronto Airbnb operators face registration rules

Anita Balakrishnan – THE CANADIAN PRESS Sep 11, 2020

TORONTO – Renting out properties for short-term stays is about to get more complicated in Canada's largest city.Starting Thursday, Toronto homeowners must register with the city if they want to fill their units for any period less than…

Real Estate

Vancouver home prices rose in August amid above average sales rate

The Canadian Press Sep 4, 2020

VANCOUVER — Metro Vancouver home sales hit 3,047 in August at a benchmark price of $1.04 million, as the housing market continued its recovery from the COVID-19 pandemic.The number of homes sold last month was nearly 20 per cent…

Construction

Record lumber prices adding thousands of dollars to new home building costs

Dan Healing – THE CANADIAN PRESS Aug 17, 2020

CALGARY – Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand outstrip supply.The latest price list from research firm Random Lengths…

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…

Building

Rethinking ventilation systems to create healthier homes

Kevin Smith Aug 10, 2020

Every so often, one might feel the need to step outside or crack open a window to get some much-needed fresh air after spending an extended period of time indoors. After worldwide shelter-in-place orders confined many people to their homes,…

Real Estate

Former Airbnb units in Toronto moving to long term rental market

Anita Balakrishnan - The Canadian Press Jul 24, 2020

TORONTO — A new report says there's a rare window of opportunity to snag a rental condo in downtown Toronto as units that were listed on Airbnb prior to the COVID-19 outbreak are moving to the long-term rental market.``If you are a…

Real Estate

Open houses resume, but the home buying pastime has drastically changed

Anita Balakrishnan - The Canadian Press Jul 20, 2020

TORONTO — Leave the doors open and all the lights on. That's one of the many new guidelines for people opening their homes — perhaps for the first time in months — so real estate agents can host open houses.Some provinces are now…

Real Estate

Greater Vancouver home sales start to tick up, with prices holding steady

The Canadian Press Jul 6, 2020

VANCOUVER — Home sales in the Greater Vancouver area are starting to return to more typical levels after dipping to four-decade lows in April, while prices continue to edge up from 2019.Residential sales last month reached 2,443, a…

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