The types of housing being built may be part of the problem.
TORONTO — Office vacancies in Canada were at the highest level in decades this quarter as new supply continued to come onto the market while the fourth wave of COVID-19 slowed an expected return to work, according to the latest report from CBRE Group Inc. The commercial real estate firm said Thursday that the national office vacancy rate hit 15.7 per cent in the quarter that runs to the end of September, up from 15.3 per last quarter, for the highest level since 1994. “We were really hoping to s
The bidding process can be difficult for home buyers, especially when the real estate market is this hot and bidding wars are the norm. Prime Minister Justin Trudeau says he’ll make the process more transparent by ending blind bidding. We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home. Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada. They say the bidding process is a provincial matter and he might not be able to get them on board. If you have questions, email them to firstname.lastname@example.org and John or Steve will answer them on the next episode. Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.