ADVERTISEMENT

Greater Toronto home sales up 9.4% in June as board predicts price growth could come

The Greater Toronto Area continued to see higher home sales last month compared with a year ago even as new listings slowed.

Calgary home sales fall nearly 4% in June as demand eases: board

Real estate activity in Calgary took a dip in June compared with a year earlier as prices also fell.

‘I regret doing this’: Ontario woman buys condo in Mexico. 3 years later, it’s still not finished

Over two-and-a-half million Canadians travel to Mexico each year and it’s estimated more than 100,000 Canadians own property there.

Affordability concerns still paramount for renters even as prices fall

A new survey of Canadian renters says affordability concerns continue to far outweigh all other rental market challenges even after nearly two years of declines in asking prices.

What is a ‘turn-key home’? It’s the most desirable kind of property right now, says realtor

The state of Winnipeg’s housing market is 'somewhat tumultuous' in the eyes of one local realtor, as houses are continuing to sell at high prices, making it difficult for some buyers.

Carney says B.C. condo buyout proposal is about affordability, not bailouts

Converting British Columbia’s glut of unsold condos into affordable housing is about supporting Canadians, not distressed developers, Prime Minister Mark Carney said Thursday in defence of his government’s proposal.

Homes under $500,000 account for growing proportion of Ontario real estate: report

A new report says homes valued under $500,000 are taking up a bigger share of Ontario’s real estate landscape, led by a shift in the condominium market.

Economic uncertainty weighs on potential homebuyers, RBC poll says

A new report says prospective homebuyers see a potential window to strike a deal, but economic uncertainty is weighing on their decision.

Canadians say they would consider relocating to one of the country’s 15 most affordable cities: survey

Concerns around affordability and a desire for a more relaxed pace of life are pushing more of Canada’s big city residents to consider a move somewhere else.

Condo maintenance fees: How to know whether they're too high — or not high enough

Condos are a popular choice for many first-time homebuyers owing to their lower price point and access to amenities such as gyms and pools.

Fewer than 200 new condos were sold in the GTA in May as the sector continued to struggle

New home sales continued to see an increase in the GTA last month following the introduction of a temporary break on HST but the gains appear to have leveled off as some homebuyers waited for clarity on how the program will actually be administered, a new report suggests.

Newcomers are buying homes faster as Canadian-born ownership rates decline: StatCan

Recent immigrants to Canada are increasingly becoming homeowners, with new data from Statistics Canada showing that homeownership rose between 2018 to 2021 even as rates declined among Canadian-born individuals.

May home sales down 5.1% from year earlier, but CREA says momentum building

The Canadian Real Estate Association says home sales in May were down compared with a year ago, but there was “meaningful upward momentum” month-over-month for the first time this year.

CMHC reports annual pace of housing starts down in May compared with April

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

Christopher Liew: How the mortgage renewal wave is squeezing near-retirees in Canada

Personal finance contributor Christopher Liew walks through how the mortgage renewal wave hits near-retirees differently, and the specific moves that keep it from pushing your retirement date back.