housing market

OTTAWA – A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.In a speech to a conference held by the Ontario Securities…

The average rent in October for all property types in Canada was up 1.6 per cent year over year to $1,800, the first annual percentage increase this year, according to Rentals.ca’s and Bullpen Research & Consulting’s latest National…

According to the Statistics Canada ‘New Housing Price Index, October 2021’, new home prices increased 0.9% in October nationally, slightly higher than the rise observed over the past four months. Prices were up in 15 of the 27 census…

TORONTO – A new company backed by a former Bank of Canada governor wants to help Canadians co-own real estate through investments valued at just 2.5 per cent of a property's value.The goal of Key, a Toronto-based company that…

The Quebec Professional Association of Real Estate Brokers’ (QPAREB) residential real estate market report reveals a decline in sales (25 per cent) for the fifth consecutive month in October. A total of 765 sales were posted on the Centris…

According to data from the recently released Urbanation Inc., Q3-2021 Condominium Market Survey, new condominium apartment sales in the Greater Toronto Area totaled 7,773 units during the third quarter of 2021, increasing 22%…

TORONTO – Prospective homebuyers in the Greater Toronto Area found dramatically fewer homes on the market last month than they did a year ago, pushing sales down and prices up.The Toronto Regional Real Estate Board said Wednesday that…

OTTAWA – The Bank of Canada's move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to…

OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.The central bank said Wednesday it now forecasts…

A new report shows parents are giving increasingly large financial gifts so their kids can afford down payments in Canada's hot housing market.The report by CIBC deputy chief economist Benjamin Tal found the average gift for first time…