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The Toronto Regional Real Estate Board says home sales in May were down 21.7 per cent from last year, but new listings continued to rise as homeowners anticipate a bump in demand. The board said 7,013 homes changed hands in the month compared with 8,960 in May of last year, which coincided …
Read More »Greater Toronto Area home sales down in April but new listings surge: board – Toronto
By Staff The Canadian Press Posted May 3, 2024 7:55 am 1 min read Descrease article font size Increase article font size The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and …
Read More »Search for home in Ontario real estate market ‘humbling’ for first-time buyers
This article is the second in Global News’ Spring Housing Buzz series, where we will investigate a number of different areas related to the spring real estate market in Ontario. You can read Part 1 here. First-time homebuyers Onairy and Joseph Baiya love their three-bedroom townhouse in Whitby, Ont., since …
Read More »Ontario, B.C. mortgage-holders increasingly missed payments in Q4, Equifax says
Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of what’s been happening for a while now as the impacts of higher interest rates and inflation continue to weigh on …
Read More »Winnipeg’s office vacancy rate to tick higher downtown, tighten in suburbs: report – Winnipeg
Nationwide, investors in real estate are anticipating a positive take on the market, highlighted by a new report from CBRE. But while the nation is expecting a recovery of commercial real estate investment, the situation is not easily comparable in Winnipeg. CBRE’s Canada Real Estate Market Outlook states that foreign investment …
Read More »‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk
It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. “We are in a ‘darkest before dawn’ scenario heading into 2024 for office REITs — there is no denying they …
Read More »Ottawa turning to ‘history books’ with war-time housing plan revival
Ottawa will revamp a Second World War-era housing plan to speed up the pace of home building in Canada, Housing Minister Sean Fraser says. Fraser on Tuesday confirmed Global News’ report from Monday that the federal government was dusting off a program nearly 80 years ago run by what was …
Read More »Ontario real estate law updated with open bidding option
TORONTO — New rules for Ontario real estate are coming into force that are meant to provide more clarity and choice for buyers and sellers, though they don’t go as far as some had hoped. The rules, which took effect Friday, include the option for sellers to use an open …
Read More »Canadian cities warn fiscal update ‘does not reflect’ scale of housing need
The plan from Ottawa on housing in its fall economic statement “does not reflect” the scale of need to address the housing crisis, Canadian cities say. Scott Pearce, president of the Federation of Canadian Municipalities (FCM), said the federal government’s fiscal update takes “some steps to improve housing affordability,” but lacks …
Read More »Saskatoon morning news rewind: Wednesday, Nov. 8 – Saskatoon
Descrease article font size Increase article font size Real estate in Saskatoon, violence against paramedics and warning signs from the Alzheimer Society. Here’s your morning rewind for the Wednesday, Nov. 8, edition of Global News Morning Saskatoon. Real Estate agent talks about resiliency in Saskatoon market Ashley Turner with Century …
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