Browsing Tag

Property

Canada’s house price boom strongest in suburbs as gap with downtown shrinks: Study

The Canadian Press Jun 21, 2022

OTTAWA — New research shows house prices in Canada's suburbs grew faster than in downtown areas during the pandemic as remote work spurred a preference for bigger homes.The Bank of Canada said in a study Monday that the closure of many…

Building

Who “Wins” When Relief From Forfeiture is Granted?

Daoust Vukovich LLP May 9, 2022

It is common, after parties duke it out in court, for the winner to be “awarded costs” - the loser must pay all or a portion of the winner’s legal fees. However, in an application for relief from forfeiture, who wins and who loses is a more…

Real Estate

Local governments need to upgrade to improve housing process: finance minister

The Canadian Press Apr 14, 2022

VANCOUVER — Canada's finance minister says it's not the federal government's job to build all the houses Canadians need, but it will try to remove roadblocks with a $4-billion fund earmarked to help boost housing construction announced in…

Real Estate

Multiple property holders own upwards of 41% of housing in some provinces: StatCan

Tara Deschamps – THE CANADIAN PRESS Apr 12, 2022

New data from Statistics Canada shows multiple-property owners held between 29 and 41 per cent of the housing stock in Ontario, British Columbia, Nova Scotia, and New Brunswick in 2019 and 2020.The data from the Canadian Housing…

Real Estate

Repurposing property could help ease housing dilemma

Pam Wright, Local Journalism Initiative Reporter Mar 8, 2022

THE CHATHAM VOICE A partnership between Chatham-Kent and Hope Haven to create an overnight shelter is but one of the local efforts aimed at addressing a growing homelessness problem.There's also ongoing behind-the-scenes work aimed at…

Real Estate

Condo stakeholders at risk due to uncertainty in their reserve funds

The Canadian Press Feb 14, 2022

New research by the Canadian Institute of Actuaries reveals that low reserve fund contributions will likely lead to overwhelming annual increases and require lump-sum payments from owners to cover shortfalls, and could potentially lead to…

Real Estate

Calgary housing activity to moderate this year, prices to remain strong: board

The Canadian Press Jan 26, 2022

CALGARY — The Calgary Real Estate Board says it expects the city's housing market activity to moderate this year after record sales were experienced in 2021, but tight conditions will linger.The Alberta board is forecasting the city…

Real Estate

Collecting Overhold Rent – When is it Too Late?

Daoust Vukovich LLP Jan 11, 2022

An overholding tenancy is created when a tenant remains in possession of its premises past the expiry of its term without a new agreement. Under the common law, the provisions of the expired lease continue to operate with the exception of…

Real Estate

Calgary home sales up 45% in December, year ends with record sales: real estate board

The Canadian Press Jan 5, 2022

CALGARY — The Calgary Real Estate Board says December sales climbed by nearly 45 per cent year-over-year as 2021 ended with a record number of homes changing hands.The Albertan board says Calgary saw 1,737 homes sold last month, up from…

Real Estate

Real estate overheating continues in the Montreal CMA: QPAREB

Building Nov 18, 2021

The QPAREB’s residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) reports a total of 4,320 sales posted on the Centris real estate brokerage system in October. The sales represent a drop of 24 per…

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