Toronto's low vacancy rate coupled with its rental supply shortage has resulted in bidding wars, and landlords are taking full advantage to squeeze every last penny out of their investments
Despite this, majority of Canadian households still manage finances responsibly
The option of rent control and reform of it has been debated across Canada, especially in cities like Winnipeg and Ottawa, where vacancies are low and rents are rising.
Canadian house prices climbed again in June, coming in nearly 10% above last year’s levels, but many analysts now say the steady ascent will soon come to an end.
Residential sales in Montreal increased for the first time in 14 months, rising 5% from June 2010, according to the Greater Montreal Real Estate Board (GMREB).
A report by TD Economics out this week predicted resale activity and average prices in Canada would decline by 15.2% and 10.2% respectively over the next two years.
Using a method rarely seen in Canada, a Quebec mansion sold for $3.4 million in an open-outcry auction on Tuesday.
The political deadlock between Democrats and Republicans over raising the U.S.’s debt ceiling may not be resolved in time for the Aug. 2 deadline, a result that could cause the world’s largest economy to default on its debt, says CRE contributor and author Peter Kinch.
Last week’s announcement that Realtysellers and PropertyGuys.com had merged to create a real estate powerhouse offering both private listing and brokerage services has only added to the reality that most Realtors must get competitive or get out of the business altogether, says a Burlington real estate agent.
Vancouver might have highest home prices in Canada, but a new survey ranked Toronto as the most expensive city in terms of cost of living, according to a report by consulting firm Mercer.
The vacation hotspots of Florida, Arizona and California have long been the most popular states for Canadian investment south of the border, but a Tennessee investment company is making a push for an alternative, less-explored option: Memphis.
The seasonally adjusted annual rate of housing starts edged up to 197,400 units in June, up from 194,100 in May, keeping the total number of starts “above their trend line since March,” according to Bob Dugan, senior economist for the Canada Mortgage and Housing Corporation.
Connect Asset Management Challenges the Financial Community to Invest in Downtown Toronto Real Estate for a Good Cause
The event will also feature a panel of industry experts and a presentation on the state of the Hamilton-Burlington housing market
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario