Real Estate

TORONTO – A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year.Robert Kavcic says governor Tiff…

OTTAWA – Canada's annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago, Statistics Canada said Wednesday.The June inflation rate was up from 7.7…

TORONTO — A report by real estate market research firm Urbanation Inc. says rents in the Greater Toronto Area are rising fast, echoing the latest numbers from online rental platforms about other major Canadian cities.The Urbanation…

OTTAWA – Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further.The consumer price index in Canada hit a nearly 40-year high of 7.7 per cent in…

TORONTO – When Gina Athanasiou's father died in 2016, she realized her mother, who bounced between Canada and Greece for most of her life, didn't have a pension large enough to cover the soaring costs of a Toronto home.The solution?…

Average rent for all Canadian property types on Rentals.ca was $1,885, an increase of  9.5 per cent year over year in June, according to the Rentals.ca and Bullpen Research & Consulting latest National Rent Report. But June’s average…

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May.The national housing agency says the seasonally adjusted annual rate of housing starts came in at 273,841 units for June,…

Ivanhoé Cambridge, the City of Montreal, Cogir Real Estate, and Pomerleau announced Haleco, a unique mixed-use development project (residential, commercial, and office) between Old Montreal and Griffintown.Designed by the teams…

OTTAWA – The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998.The central bank's decision signalled a more aggressive approach to bringing…

TORONTO — Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year.The real estate brokerage says it now expects…