Real Estate News

TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales in November edged down one per cent compared with the same month last year.

TORONTO — Greater Toronto home sales fell six per cent last month compared with November 2022 despite an influx in new listings, as high borrowing costs and uncertain economic conditions persisted.

TORONTO — A new Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.

VANCOUVER — The Real Estate Board of Greater Vancouversays home sales ticked up last month as the continued increase of newly listed properties has given prospective homebuyers in the region among the largest selection to choose from since 2021.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Home sales Home sales numbers for Canada's biggest, and most expensive, cities are expected to come this week.

CALGARY — The Calgary Real Estate Board says the city saw 1,787 home sales in November, marking an 8.8 per cent increase compared with the same month last year as the ratio of sales to new listings remained high at 80 per cent.

TORONTO — New rules for Ontario real estate are coming into force that are meant to provide more clarity and choice for buyers and sellers, though they don't go as far as some had hoped.

TORONTO — Ontario's housing minister has shot down a request from big city mayors for a change in funding criteria that would help more of them qualify for money to build infrastructure necessary for new homes.

OTTAWA — A Statistics Canada study into what it calls the "bank of mom and dad" shows home ownership among young high earners in British Columbia increases more than anywhere else in Canada if their parents are homeowners, too.