Browsing Tag

Renters

Renters have stepped up efforts to address the housing crisis ⁠— it’s time for property managers to…

Grant Alexander Wilson, University of Regina Apr 10, 2023

Renters and property managers both have mutual responsibilities in times of financial crisis. THE CANADIAN PRESS/Jonathan Hayward Grant Alexander Wilson, University of Regina Three years ago, at the onset of the COVID-19 pandemic, I…

Real Estate

Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report

Sammy Hudes - The Canadian Press Mar 22, 2023

TORONTO — Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday. In order to reach the optimal vacancy rate of three per cent, the…

Real Estate

Canadian home sales expected to pick up in spring but inventory still lags

Tara Deschamps - The Canadian Press Mar 22, 2023

TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home. Long hours…

Real Estate

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

The Canadian Press Mar 21, 2023

OTTAWA – Canada's annual inflation rate continued to slow last month, reaffirming the central bank's decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said…

Real Estate

Annual average rents rise 9.7% in Canada: National Rent Report

Building Mar 20, 2023

The average asking rent for all property types in Canada rose 9.7 per cent year over year in February, to $1,984, according to the Rentals.ca and Urbanation latest National Rent Report. This is the first time since June that average…

Real Estate

Canada’s annual inflation rate slowed in January, serving good news for the BoC

Nojoud Al Mallees – THE CANADIAN PRESS Feb 21, 2023

OTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report…

Construction

Industry groups urge government to prioritize purpose-built rentals to tackle housing deficit

Building Feb 13, 2023

A new report by the Building Industry and land Development Association (BILD) and the Federation of Rental-housing Providers of Ontario (FRPO) has warned of a concerning shortage of rental housing in the Greater Toronto Area (GTA). The…

Real Estate

Canada’s housing market to see listings fall in first quarter, before rebounding: TD

The Canadian Press Feb 10, 2023

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024. The report from Rishi Sondhi, an economist…

Real Estate

Investors made up 20 to 30% of homeowners in some provinces: Statistics Canada

The Canadian Press Feb 8, 2023

OTTAWA — New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020. The data agency says investors made up 31.5 per cent of Nova Scotia's homeowners that year and 29 per cent of New…

Real Estate

CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

Tara Deschamps - The Canadian Press Jan 18, 2023

The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines. The…

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