Real Estate News

TORONTO — Five things to watch for in the Canadian business world in the coming week: Gildan update Gildan Activewear Inc. chief executive Vince Tyra will present an investor update on Monday, marking his first 90 days in the job.

TORONTO — A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation, which analyzes monthly listings from Rentals.

The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

TORONTO — Three in four Canadians who don't own a property say buying a home feels out of reach, a new poll shows.

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.

TORONTO — Ontario proposed Wednesday to allow municipalities to enact "use it or lose it" policies on developers, speed up the creation of student housing, and streamline approvals for standardized housing designs as it seeks new paths to reach its g

TORONTO — Ontario is considering counting student residences toward its target of building 1.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 14.2 per cent in March compared with the same month last year.

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.