housing

TORONTO – Ontario is proposing to make it easier to build secondary suites and rental housing as part of efforts to increase supply, but parallel changes to a land tribunal are being decried by critics as favouring developers over…

Developer and builder Broccolini has broken ground to mark the start of construction of Victoria sur le Parc, which is to become the tallest residential tower in Montreal.The project will also house ten floors of office space,…

OTTAWA – The Bank of Canada has set aside discussion of interest rate hikes, at least until the economy re-emerges from what it predicts will only be a temporary slowdown.The central bank kept its key interest rate unchanged…

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged higher in March 2019 after having declined sharply the previous month.Highlights:National home sales edged up 0.9%…

The City of Toronto is poised to restrict concrete work for the construction of high-rise buildings through amendments to the noise bylaw in a move that will threaten more than 7,000 jobs and cripple the industry's ability to deliver much…

The trend in housing starts was 202,279 units in March 2019, compared to 202,039 units in February 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

TORONTO – The federal government will put $1.3 billion towards renovating and upgrading affordable housing units in Toronto, Prime Minister Justin Trudeau announced Friday.Trudeau said the money – which will come over the course of…

OTTAWA – Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point.A report Thursday from the Canada Mortgage and Housing Corp.…

OTTAWA – The chief executive of the Canada Mortgage and Housing Corp. says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live, adding to the billions already available in government funding.…

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018.…