Real Estate News

VICTORIA — British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in March fell from the previous year, as total sales were nearly one-third lower than the 10-year average.

Renting your home for life doesn't have to spell financial sacrifice; it simply means directing your money elsewhere. Young people in today’s housing market can feel particularly hopeless, said Shelley Smith, an investment advisor at TD Wealth.

CALGARY — The Calgary Real Estate Board says March home sales were up 9.9 per cent from last year as interprovincial migration to Alberta contributed to tight market conditions.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Outlook survey The Bank of Canada will release its latest business outlook survey and Canadian survey of consumer expectations on Monday.

TORONTO — The federal government's commitment to have rent payments counted toward credit scores is being welcomed by companies that already offer the service, while renter advocates have raised concerns.

Despite housing starts in Canada's six largest citieshovering at near all-time highs last year, experts warn those levels are still not enough to address the country's housing shortage in the years to come. The Canada Mortgage and Housing Corp.

TORONTO — Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows.

SEATTLE (AP) — Every part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.