Real Estate
BusinessThe Canadian PressApril asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
A new report says the average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January. The report by Urbanation and Rentals.ca, which analyzes monthly listings from the latter's network, says the average asking rent for all home types was $2,188 last month. The annual growth rate accelerated from an 8.8 per cent increase recorded the previous month. Asking rents were up 0.3
BusinessThe Canadian PressMontreal home sales up 25% in April as expected rate cuts prompt recovery: board
MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with the same month last year, with levels returning to historical averages. The association says home sales in the region totalled 4,688 for the month, up from 3,734 in April 2023. The median price for all housing types was up year-over-year, led by a 6.5 per cent rise for the price of a single-family home at $575,000 last month. Meanwhile, the median price
BusinessThe Canadian PressGreater Vancouver home sales rise as inventory reaches levels not seen since pandemic
VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month. Greater Vancouver Realtors says there were 2,831 home sales in the region last month, compared with 2,741 sales recorded in April 2023. That came as the number of Metro Vancouver homes listed for sale rose 42.1 per cent year-over-year to 12,491, which is 16.7 per cent above the 10-
