Canada’s 44th federal election cost an estimated $610 million—money that could have been better spent on affordable housing, a Toronto real estate broker says.
We are in the middle of a housing crisis, plain and simple, because demand is outpacing supply and, consequently, we’re seeing some very dramatic spikes for the price of homes.
Bloom Financial Company has entered the reverse mortgage market with a new product for Ontarians aged 55 and over. The fintech firm intends to roll out the product in other provinces soon.
Housing is top of mind for Canadians with the federal election less than a week away, but unless political parties cut the red tape responsible for the chronic undersupply of housing in key markets, the affordability woes will persist.
Riverwalk Niagara is hosting an RSVP-only event this Saturday at the Scotiabank Convention Centre in Niagara Falls where attendees can benefit from an incentive-laden package.
Homes with illegal secondary suites have proliferated in Calgary during the last few decades, but with the city ready to crack down in January, investors need to know how to be on the right side of these changes.
The governing Liberal Party’s election promise to introduce a new tax-free home savings account that would function much like RSPs and TFSAs to help first-time buyers is a welcome pledge, says Christelle Mwamba, an agent with Mortgage Scout.
Investment property purchases are fast becoming the domain of millennials and Generation Z, who see more value in secondary and tertiary markets. They’re particularly active in the Niagara region.
Homeowners should beware of buyers soliciting them with cash offers, says the president of Right at Home Realty. It can be problematic for all-too-trusting homeowners and here's why.
The winter buying frenzy in Canada’s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from RBC Economics.
The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate, estimating the first rate hike in the second half of 2022.
Blind bidding in the homebuying process has been called into question recently, with the prime minister of Canada even making an election promise to outlaw it.
Talk of a beneficial ownership registry would prevent numbered companies from owning real estate and deal a major blow to would-be money launderers, say two Toronto-based lawyers.
TRREB is reporting strong sales for the month of August and noted that tight supply conditions have driven the benchmark price of a home in the region up by 17.4% compared to the same month last year.
This morning's Statistics Canada release showed that the economy unexpectedly contracted in the second quarter by 1.1%, down from the revised 5.5% gain in the first three months of the year.
The City of Barrie is one of Canada’s most expensive rental markets. PadMapper determined that one- and two-bedroom apartments in Barrie averaged $1,730 and $1,920, respectively, in July.
Social media is a great way for realtors to reach wider audiences, including both industry peers and consumers, but not everybody is cut out for it. In that case, says Simeon Papailias, co-founder and managing partner of REC Canada, be authentic.
Condo insurance premiums are maintaining their elevated pace, which began around a year ago, as a consequence of extreme weather events, says LowestRates.ca.
Home sales dipped ever so slightly by 0.5% in August from a month earlier, says the Canadian Real Estate Association (CREA), adding that markets are beginning to stabilize after months of historically accelerated levels.
Amid a dearth of new condo launches, Toronto is receiving one of its first new luxury boutique releases. Capitol Residences will be a 14-storey, 145-unit luxury condominium from Madison Group and Westdale Properties.
The Liberal Party of Canada staved off a strong Tory challenge for a consecutive minority government, and now Justin Trudeau is expected to keep his election campaign promise to increase housing supply.
Converging E-commerce and real estate hasn’t always been simple because of the latter’s exorbitant price points but a Calgary-based company has done it.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
