The real estate industry is waiting with bated breath to see whether the federal budget landing Tuesday will offer any good news for first-time homebuyers struggling with historically bad housing affordability in Canada. Watch: How much home can "peak millennials" afford in Canada? A growing
TORONTO (Reuters) - Canadian homes sales tumbled 9.1 percent in February from the previous month to hit their lowest level since November 2012, the Canadian Real Estate Association said on Friday. The February decline was the biggest since tighter mortgage rules came into effect in January last year,
A new national survey by Zoocasa shows 82 per cent Canadians polled say affordability is a major issue that has negatively impacted the country. It’s currently $750.
It’s tough to find a house that ticks every box on your amenities wishlist in Toronto. But most properties come with a front door and a functional roof. Not so at 54 King Edward Ave. The listing is short on details, and photos. What can be seen is pieces of wood in place of a front door, and a giant
In one of Canada's most difficult places to find rental housing, the federal government announced Thursday the construction of a desperately needed apartment building. "Toronto is a vibrant city, but unfortunately like in many Canadian cities, the demand for housing has far outstripped supply
For the first time in more than 9 years — new home prices fell compared to the previous year. Data from Statistics Canada show the national average fell 0.1 per cent in January. New home prices in Toronto were down 1.5 per cent. Year-over-year price growth started to slow in April 2018 after the introduction
The value of residential real estate in Canada held by households dropped C$30 billion ($22.5 billion) in the fourth quarter to C$5.10 trillion, from C$5.13 trillion in the same quarter the previous year, Statistics Canada reported Thursday. The 0.6 percent decline is the first decrease in country-wide
Housing market aside, the outlook finds B.C.'s economic conditions remain firm thanks in part to big capital investments. A tight labour market is also expected to help make up for the lagging housing market, combined with a relatively low unemployment rate and strong population growth.
Canadian home prices fell in February for the fifth straight month as most major markets weakened, data showed on Wednesday. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices fell 0.4 percent last month from January.
Home Capital Group Inc. (TSX:HCG) and Equitable Group Inc. (TSX:EQB) will find it difficult to thrive if the deep freeze in Canadian housing persists.
Despite an increasing vacancy rate in Regina, rental pricing has moved very little, a situation one advocate says comes as a disappointment. "I would say that we've moved from a crisis of availability to one of affordability, but the reality is that many of the people that we are working with
Despite real estate’s unaffordability in most of the country — for the first time ever — a one-person household is the most common type of living situation.
Toronto has a Baltic Avenue. This Monopoly-like home isn’t on it. But it does look like a classic board game piece fit for the game’s shabbiest neighbourhood. The listing for 31 Cummings St. does not include a single photo of the home’s interior. What it does show is a giant blue tarp on the roof hiding
Global’s Laura Casella is joined by one expert who think new lending rules are too severe and are ruining the dream of owning a home for too many people.
MONTREAL — Home sales ramped up in Montreal last month, marking four years of continuous growth.
For its annual analysis, Bloomberg found residents of the country's wealthiest zip code had an average annual income of $2.2 million. Here's where it's located.
Every investor in True North Commercial Real Estate Investment Trust (TSE:TNT.UN) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usuallyRead More...
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Northview Apartment Real Estate Investment Trust (TSE:NVU.UN) due to its excellentRead More...
The Toronto Real Estate Board is calling on Ottawa to re-think the mortgage stress test and bring back longer mortgages amid falling sales in the country’s biggest real estate market.
Home sales in the Greater Toronto Area in February fell compared with a year ago, while the average selling price ticked higher. The Toronto Real Estate Board says there were 5,025 homes sold in the region last month, down from 5,148 in the same month last year. The average selling price was $780,397
Finance Minister Bill Morneau does not have a “magic bullet” budget measure up his sleeve to meaningfully help millennials priced out of the housing market, Royal Bank of Canada warns.
The art of staging a home seems to be dying in Toronto’s ever-competitive real estate market. Case in point – this gem featuring not one, but two lifesize dolls in the living room, gazing at the questionable decor with their cold dead eyes. The listing for 700 Adelaide St. W also reflects the previous
Sellers weren't the only ones who made a killing during the recent housing boom - real estate agents brought in $15 billion in 2017.