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Real Estate

Vancouver area home sales below average, but it’s still a seller’s market: board

The Canadian Press Mar 5, 2020

VANCOUVER — Home sales in Metro Vancouver remain well below the 10-year average for the region but sellers continue to hold the upper hand as the real estate board says demand for properties is steady with buyers having little to choose…

Real Estate

Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

The Canadian Press Mar 4, 2020

OTTAWA – The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak.The central bank said Wednesday that it…

Real Estate

KPMG in Canada Suggests Canadian real estate companies should commit to PropTech

Building Mar 2, 2020

Technology – from blockchain, green tech, the Internet of Things, deep data, artificial intelligence and augmented reality applications – is disrupting and improving how real estate companies buy, rent, sell, design, construct, and manage…

Building

GTA new home market busy in January: BILD Report

Building Feb 26, 2020

The Building Industry and Land Development Association’s (BILD) recent GTA new home market report reveals 2,106 total new home sales in January 2020, which was up 65 per cent from January 2019 and 14 per cent above the 10-year average.…

Real Estate

Is Renting Better for the Economy than Owning?

Ben Myers Feb 26, 2020

Every year there is an article written that discusses the merits of owning versus renting. I have always been in favour of owning because it is a means of forced savings; homeownership provides security of tenure; and you can capture value…

Real Estate

CBRE predicts record $50 billion investment for commercial real estate this year

Ian Bickis - The Canadian Press Feb 25, 2020

TORONTO — Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the…

Real Estate

B.C. money laundering inquiry to begin amid hopes for answers, accountability

Laura Kane - The Canadian Press Feb 24, 2020

VANCOUVER — British Columbia's attorney general hopes an inquiry into money laundering will answer lingering questions about how the criminal activity flourished in the province and identify those who allowed it to happen.David…

Real Estate

Altus Group launches a new data analytics platform

Building Feb 21, 2020

The new Altus Data Studio by Altus Group is a data analytics platform that provides clients a deeper level of insight on the Canadian real estate market with new analytical capabilities.This platform combines Altus Group’s…

Real Estate

Rental Market in Canada’s larger cities lead the way for increasing rents

Building Feb 20, 2020

According to the February National Rent Report from Rentals.ca and Bullpen Research & Consulting, Montréal, London, Winnipeg, and Toronto are leading the way for increasing apartment rents.The year-over-year change in Montréal from…

Real Estate

Canadian home sales down in January: CREA Report

Building Feb 20, 2020

Statistics released by the Canadian Real Estate Association (CREA) show national home sales recorded over Canadian MLS Systems declined by 2.9 per cent in January 2020.Transactions were down in a little over half of all local…

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