Housing News

• Developer to build 5K rental units, cites Liberals’ GST break as motivator

  According the CMHC, Canada needs to build about 3.5 million more units than its current pace of building by 2030 to restore affordability.

  Canada

  Sep 26, 2023
  
• Rate hikes could ‘take some steam’ out of housing market rebound

  Home sales and prices in Canada continued their recovery from the housing correction this past year, with most markets seeing an uptick in activity last month.

  Money

  Jun 15, 2023
  
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• Rents in Canada are through the roof. Here are the most expensive cities

  After hitting a record high, the average monthly rent remains above $2,000 for the second straight month in Canada, according to a national report.

  Canada

  Jan 20, 2023
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• New home building in Canada slowed in December, CMHC reports

  The national housing agency says the seasonally adjusted annual rate of housing starts in December was 248,625 units compared with 263,022 in November.

  Economy

  Jan 17, 2023
• Homes sales, prices will reach their bottom in early 2023: TD report

  A new report from TD Economics predicts Canada will see the weakest level of home sales since 2001 this year.

  Economy

  Jan 10, 2023
• Canada’s ban on foreign homebuyers comes into effect on Jan. 1. Here’s what to know

  Starting in the new year, foreign commercial enterprises and people will not be allowed to buy residential properties in Canada for two years.

  Canada

  Jan 1, 2023
• Will 2023 be your year to enter the housing market? What 1st-time buyers need to know

  Home sales and prices have fallen in 2022 as the Bank of Canada raised its policy interest rate in a bid to cool searing-hot inflation.

  Canada

  Dec 27, 2022
• Canadian home sales down in November following slight October bump: CREA

  The Canadian Real Estate Association says the move lower more than erased the gain seen in October and resumed the overall trend lower for the year.

  Canada

  Dec 15, 2022
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• Average rent in Canada hit over $2K last month – and there’s no signs of slowing

  New data shows that the average monthly cost to rent a home in Canada rose to a record $2,024 in November.

  Money

  Dec 14, 2022
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• Annual pace of housing starts in Canada slowed in October, CMHC says

  The national housing agency says the seasonally adjusted annual rate of housing starts in October was 267,055 units, down 11 per cent from 298,811 units in September.

  Economy

  Nov 16, 2022