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.
Rising inflation is a growing concern, but real estate investors can rest assured that their investments are, at least for the time being, inflation-proof.
In the coming years, the neighbourhood will also be home to new residential development, including Waterfront Shores, a condominium development that promises waterfront views and proximity to McMaster University.
“The premium markets in cities like Toronto, Montreal and Vancouver will continue to command international interest, but Halifax and Ottawa are premium markets to watch,” said Anthony Hitt.
Although still early, activity in the office sector has been positive. In Q2, private sector office tenants started making long-term premises decisions, demand for sublease space, especially if furnished, increased for the first time in a year
Mortgages on Canadian investment properties are becoming difficult to carry using rental income alone, prompting some real estate investors to look at international property markets.
Investors with too many doors sometimes do themselves a disservice when they try expanding their portfolios because lenders typically only look at their income, but not Freedom Capital.
“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year."
“Not everybody is going to go back to the office. Even if only 25% of the working population worked from home on a regular basis, that has a significant impact on what’s going to happen in some of the core centres,”
Vancouver’s extremely low rental vacancy rate has sparked fierce competition throughout the city, from downtown up to the University of British Columbia.
Home sales in Greater Vancouver declined on a monthly basis by 11.6% in July, the Real Estate Board of Greater Vancouver (REBGV) reported. “Moderation was the name of the game in July,” said REBGV economist.
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.
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