Real Estate

The Bank of Canada is warning that a wave of mortgage renewals within the next year or so could put some households under financial strain, with around 10 per cent of borrowers in Toronto potentially unable to refinance at renewal.

A new report says Canada could be poised for a slower-than-usual summer rental market as average asking rents for May were down approximately $100 from a year earlier.

Montreal-area home sales fell 6.8 per cent on a year-over-year basis in May as the province’s real estate board says median prices continued to rise.

The Greater Toronto Area marked its third straight month of higher home sales compared with a year earlier, as the city’s real estate board says the market tightened in May.

A growing number of Americans are searching for properties in Canada as they consider seeking refuge north of the border.

Weak condo sales dragged down real estate activity in the Vancouver area last month, as prices also moved lower compared with a year ago.

Canada Pension Plan Investment Board has announced a $474-million partnership with Korean asset manager BlueCove Investment to invest in hotels in Seoul, South Korea.

A new report by the Canada Mortgage and Housing Corp. says regulatory conditions, along with economic and demographic structural factors, have slowed the pace of housing starts and pushed home prices higher.

A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners.

Rosy outlooks for Canada’s real estate sector at the start of this year rested on hopes of a fruitful spring market that experts say has yet to fully bloom.

The Canadian Real Estate Association says home sales in April fell compared with a year ago as the average sale price climbed.

George Weston Ltd. reported its first-quarter profit rose compared with year ago, helped by strength across its businesses.

Quebec’s real estate board says Montreal-area home sales fell seven per cent on a year-over-year basis in April as buyers continue to show “a certain degree of caution.”

Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, while average selling prices moved lower again.

Former Hudson’s Bay buildings across Canada are being reimagined as owners search for new ways to repurpose massive retail spaces following the company’s bankruptcy last year.