Real Estate

Condominium sales in Canada’s two major markets continue to fall, leading to increasing supply and the cancellation of dozens of condo projects, despite a nationwide push to dramatically increase the construction of new homes.

A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach.

After decades of debate, there are finally signs of a replacement to the notorious Her Majesty’s Penitentiary in St. John’s, N.L., one of Canada’s oldest operating prisons.

Cottage country homes may be sitting on the market for longer than what is typical for this time of year, according to a report.

Home sales in May fell 4.3 per cent compared with a year ago, however the Canadian Real Estate Association said Monday that activity picked up when compared to the previous month.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.

Also called co-ownership, it allows people to buy a share of a property with others, whether it’s family, friends or even strangers.

Retired architect Michael Geller says he’s always keen to restore some “justice” to Vancouver’s real estate scene.

The parliamentary budget officer says Ottawa’s plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home.

The federal government has moved slowly to reduce its office space, a new report by Canada’s auditor general said Tuesday.

A new analysis says first-time Canadian homebuyers could save up to $240 on their monthly mortgage payments through the federal government’s proposal to waive the sales tax on new builds.

The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases.

Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city’s real estate board says both activity and price growth show no signs of tapering off.

A new global index suggests Toronto is among the world’s worst cities when it comes to housing affordability — as experts blame decades of policy missteps, development delays, and overwhelming population demand for the problem.

The few hours you spend with an inspector may just be the most important part of your home-buying process.