Real Estate News

A new coalition is calling on the federal government to invest $6 billion in its upcoming budget to develop an urban, rural and northern Indigenous housing strategy.

TORONTO — Ontario should speed up new housing approvals, increase skilled trade immigration, and "rein in" municipalities introducing varying green building standards, a residential builders' group is telling the government.

VANCOUVER — The British Columbia Real Estate Association says the chill across the province's property sector will drag on through this year, but it calls for a strong rebound in 2024.

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.

TORONTO — The Greater Toronto Area's real estate board saw home prices plateau in January after being in free fall and depressing sales since spring, but brokers see a return to activity already taking shape.

VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales were more than halved from the year before and down 21 per cent from December.

CALGARY — The Calgary Real Estate Board says January's new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before.

VANCOUVER — Home sales in Greater Vancouver are predicted to stay in line with last year’s slower pace, while prices inch up slightly. The forecasts are contained in the Real Estate Board of Greater Vancouver's outlook for 2023 released Tuesday.

TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said.

Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.