Housing Market
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Rent control: What tenants should know as rental prices surge across Canada'Landlords use a variety of strategies and tactics to push and price tenants out of their homes,' said one community legal worker in Toronto, Ont.CanadaJan 28
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Renters in Canada are facing the toughest market since 2001: CMHC reportThe vacancy rate for purpose-built rental apartments declined to 1.9 per cent last year — the lowest level since 2001, according to the Canada Mortgage and Housing Corporation.CanadaJan 26
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Rents in Canada are through the roof. Here are the most expensive citiesAfter hitting a record high, the average monthly rent remains above $2,000 for the second straight month in Canada, according to a national report.CanadaJan 20
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New home building in Canada slowed in December, CMHC reportsThe national housing agency says the seasonally adjusted annual rate of housing starts in December was 248,625 units compared with 263,022 in November.EconomyJan 17
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When will Ottawa end blind bidding? Still no timeline for Home Buyers’ Bill of RightsThe federal housing minister does not have a timeline in place for the tabling of a promised Home Buyers' Bill of Rights, citing the need to consult with provinces and territories.MoneyJan 16
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LSTAR sees London-St. Thomas 2023 housing market ‘balancing off’ after ‘modest year’The London and St. Thomas Association of Realtors released December figures showing the lowest number of home sales in the last decade.ConsumerJan 9
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Canadians hope patience will pay off as home prices dip: ‘It just takes time’The Toronto Regional Real Estate Board said Thursday that the average price sat at $1,051,216 in December, a 9.2 per cent fall from a year ago.ConsumerJan 8
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December 2022 home sales down 48% from last year as fall from 2021 record continues: TRREBTRREB says December home sales amounted to almost half those seen a year ago as the area closed out 2022 with a "marked adjustment" away from 2021's record levels.CanadaJan 5
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New legislation allows B.C. home buyers to back out of accepted offer — but there’s a costThe Home Buyer Rescission Period (HBRP) gives buyers a window to have a change of heart about the purchase of the property.CanadaJan 4
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Foreign buyers ban won’t fix housing market – could make it worse, experts sayThe prevailing opinion among housing experts is that the foreign buyers ban, activated Jan. 1, is politically motivated, and won't make housing more affordable for Canadians.CanadaJan 4
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