housing market

VANCOUVER — British Columbia has become the first province to require a three-day cooling-off period for buyers after they've signed an agreement to purchase a home.The new homebuyer protection period is designed to give purchasers more…

CALGARY — With Canada's already-hot rental market expected to come under even more pressure in 2023, experts say tenants should guard against ``renoviction'' by educating themselves about their rights.The term renoviction is used to…

TORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says.The report released Thursday said those purchasing real estate in Ontario and B.C.…

Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market.The Office of the…

Toronto city council has approved a sweeping housing plan that will significantly transform zoning bylaws in an effort to address the affordability crisis.A majority of councillors -- 23 out of 26 -- voted in favour of Toronto Mayor…

OTTAWA — The Canadian Real Estate Association says seasonally adjusted home sales were down 3.3 per cent on a month-over-month basis in November.The association said Thursday the move lower more than erased the gain seen in October and…

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November edged down 0.2 per cent compared with October.The national housing agency says the seasonally adjusted annual rate of housing starts in…

TORONTO — Royal LePage is forecasting the aggregate price of a home in Canada will drop by one per cent to $765,171 by the fourth quarter of 2023.The real estate company says it expects prices to flatten in the second quarter and then…

The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn't taking any chances in its efforts to get the inflation rate back to two per cent, said governor Tiff Macklem on Monday.``Yes, we are going…