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Housing is Driving The Canadian Economy

Q4 economic growth was much stronger than expected. This could help explain why interest rates have risen so fast recently and could portend a more optimistic statement from the Bank of Canada next week.

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Home sales fell again in May, but don’t get used to this

Despite buying activity decelerating in May, the average selling price still crept up by 1.1% month-over-month to reach a record $1,108,453 thanks to new listings decreasing in April.

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Hamilton’s ‘hidden gem’ properties

"There’s a hidden gem: mixed-use commercial properties in downtown Hamilton that might be able to be converted into residential properties."

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Construction material scarcity driving prices up in Montreal

“You order material and suppliers will say two weeks, but then six, eight, 10 or 12 weeks go by, and this is what we’re seeing in most of our projects,” said Patrice Groleau, owner of McGill Real Estate.

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Here’s how much income is needed to rent Toronto 1-bedrooms

“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."

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OSFI proposal eroding supply gains

"“I have noticed more supply coming out on the market in the last week and a half or two weeks, so spring supply is here," said Toronto-based Alex Balikoti, SVP of sales with Balikoti Real Estate Group.

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Blockbuster Canadian jobs report for March

Statistics Canada released the March 2021 Labour Force Survey showing much stronger-than-expected job growth for the second month in a row, pointing towards a Q1 growth rate of more than 5.5%.

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Western Canadian real estate markets had strong Q1

See how Vancouver, Edmonton, Winnipeg and Calgary's real estate market faired last quarter. Royal LePage's report also details house price increase expectancies for Q4-2021.

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Central Canadian home prices saw major gains in Q1

According to Royal LePage, Toronto and Montreal saw double-digit growth last quarter. They expect the condo market to follow suit come the fall once immigration and schools open up again.

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Tips for industrial real estate investing

Diana Hoang, an industrial specialist, recommends that landlords seek out vacant warehouse distribution buildings that they could fill with tenants during the rezoning process for conversion.

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OSFI considers setting a minimum qualifying rate of 5.25% for uninsured mortgages

OSFI considers setting a minimum qualifying rate of 5.25% for uninsured mortgages

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Hotel retrofits could be part of COVID-19’s legacy

Demolitions are expensive, but it’s entirely possible to salvage a building’s structure and gut the interior. Plus, converting hotels into condos isn't entirely difficult and it's been done many times before.

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A primer on the post-COVID office environment

The way employees interact with office spaces and other employers will be very different in the aftermath of the COVID-19 pandemic. Here's what this expert says is in store.

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