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Real Estate

MONTREAL – The Pointe-St-Charles neighbourhood is isolated from the rest of Montreal by the Lachine Canal and the railroad, meaning that for years it was the kind of place that many people, even other Montrealers, never visited.But…

Real Estate

Feds announce $10M for RCMP to fight money laundering after ministers’ meeting

By Laura Kane – THE CANADIAN PRESS Jun 13, 2019

VANCOUVER – The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting of Canada's finance and justice ministers to discuss the pervasive problem.British Columbia has been…

Real Estate

Commercial Real Estate Investment in Vancouver Market Area Falls Short Outside of Office Market…

Building Jun 13, 2019

A recent commercial real estate investment survey by Altus Group revealed Q1 2019 registered a total of 322 sales transactions in the Vancouver Market, totalling a value of $1.58 billion, a decrease of 49 per cent compared to Q1 2018.…

Real Estate

TREB Release May Market Figures Reported by GTA Realtors

Building Jun 10, 2019

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS reported 9,989 transactions through TREB’s MLS System in May 2019.Although the results show an increase of 18.9 per cent over the 15-year low…

Real Estate

Condo developers offer free wine, avocado toast to woo buyers in slowing market

By Aleksandra Sagan – THE CANADIAN PRESS Jun 10, 2019

VANCOUVER – It wasn't that long ago that prospective homebuyers in Vancouver would line up for hours to get into condo presale events or face off in heated bidding wars for a chance to buy property in one of the country's hottest housing…

Construction

CMHC reports pace of Canadian housing starts slowed in May, below estimate

Building Jun 10, 2019

The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

Real Estate

As Montreal booms, city’s reputation for affordable apartments takes a hit

By Morgan Lowrie – THE CANADIAN PRESS Jun 10, 2019

MONTREAL – When Erica Fagan and her fiancé started looking for a new apartment in their St-Henri neighbourhood, they thought they had reasonable criteria: they wanted a two-bedroom place where they could bring their own appliances and their…

Real Estate

Montreal aims to find affordable housing fix that has eluded Toronto, Vancouver

Giuseppe Valiante — The Canadian Press Jun 3, 2019

MONTRÉAL — As Toronto and Vancouver struggle to keep housing affordable for anyone but the wealthy, Montréal says its new, first-on-the-continent development model will help it succeed where other big cities have failed.Montréal led…

Real Estate

CRA identifies more than a billion dollars in additional taxes in BC and Ontario real estate markets…

Building May 30, 2019

Diane Lebouthillier, Minister of National Revenue, has announced the updated results for the CRA's audits in the real estate sector. Since 2015, CRA audits have identified over $1 billion in additional gross taxes related to the real estate…

Real Estate

Central bank holds rate as it balances domestic economic pickup with trade risks

Andy Blatchford – THE CANADIAN PRESS May 30, 2019

OTTAWA – The Bank of Canada left its key interest rate steady Wednesday as it looked to balance mounting evidence of a domestic economic pickup against the expanding risks of international trade conflicts.The central bank kept its…

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