A new scheme aims to create affordable rental housing in Alberta with plans for similar projects nationwide. The Alberta Rural Development Network’s (ARDN) Sustainable Housing Initiative (SHI) will see the development of at least 8 energy-efficient affordable housing shipping container projects with the first phase seeking to create up to 467 rental units over the […]
Sales of homes in the $1-2 million price range are the focus of a new report from RE/MAX. It found that sales of luxury condos have increased in 2018 compared to 2017, especially in Canada’s large urban areas. In Toronto there was a 2% rise in luxury condo sales while Vancouver posted a 6% gain, […]
The new trilateral trade deal between Canada, the US, and Mexico has prompted a rise in confidence among Canadian consumers. The weekly Bloomberg/Nanos Research Canadian Confidence Index has increased to 57.43 compared to 55.65 four weeks ago and is up more than a point from last week. The sub-index tracking sentiment surrounding personal finances and […]
A Korean real estate fund manager has made its first large loan secured on Canadian commercial real estate. KTB Asset Management has originated a C$165 million non-recourse, 5-year fixed-rate loan secured by Hotel X Toronto. The 404-guest-room hotel is located within the city’s Exhibition Place and had a soft opening in April 2018. The hotel […]
Two internationally renowned and recognized experts on money laundering have joined the panel investigation illicit activity in British Columbia’s real estate market. Tsur Somerville – from the University of British Columbia’s Sauder school of business – and Brigitte Unger – from the University of Utrecht in the Netherlands – have been appointed to join the […]
With the Bank of Canada widely expected to increase interest rates Wednesday, a poll from debt advisors MNP shows rising concern over higher rates. The survey, conducted by Ipsos, found that 1 in 3 Canadians are worried that rising interest rates could push them towards bankruptcy, up 6% since June. More than half (52%) of […]
Homebuilder stocks fell after Bank of America Merrill Lynch cut its recommendation to neutral from buy on three of the biggest companies — Toll Brothers, PulteGroup and NVR — and RBC offered fresh skepticism about growth and affordability. Toll Brothers is paring a decline of as much as 3.1 percent in early trading; PulteGroup […]
The Mississauga Real Estate Board (MREB) and real estate portal Real Estate Wire (REW) recently announced their partnership to provide wider home options for customers and to increase agents’ prominence, especially in the home buying and selling process. As part of the agreement, MREB members will have an access to REW’s growing portfolio of active […]
In its latest House Price Survey and Market Survey Forecast, Royal LePage reported that lower housing costs observed in the third quarter could be attributed to a general guardedness among the Edmonton market’s would-be buyers. “It’s a buyer’s market as economic uncertainty in Alberta and the new mortgage rules have eliminated some of the competition. Buyers […]
Get Digs™ is a digital service designed to improve the way renters and landlords pay and receive rent payments. Renters can pay their rent by the method of their choosing: credit card, VISA Debit, Debit Mastercard, Interac e-Transfer, or cheque, and can set up alerts to make sure they never make a late payment. Landlords get the […]
Price growth across the Kitchener/Waterloo/Cambridge region showed sustained robustness in Q3 2018, according to the Royal LePage House Price Survey and Market Survey Forecast released earlier this week. Royal LePage Grand Valley Realty broker and owner Keith Church said that the volume of migrants from the Greater Toronto Area has recently decreased. This in turn made multiple […]
The British Columbia government introduced a speculation and vacancy tax this week, sparking fears that it will stymie investment in the province. The would impose a tax of either 0.5%, 1% or 2%, depending on the assessed value of a vacant property in the 2019 taxation year and onwards. For the 2018 tax year, the […]
Quicken Loans, the largest home mortgage lender in the US, is to open a new office in Canada. The firm including its ‘Family of Companies’ is leasing more than 9,000 square feet of office space in the Old Fish Market Building in Windsor, ON, and intends to employ around 100. While it does not currently […]
What is the income gap between the salary required to purchase an average home and actual household incomes across major Ontario cities? Using August 2018 average home prices from the Toronto Real Estate Board and other local Ontario real estate boards, and assuming a 20% down payment, Zoocasa calculated the minimum household income required to […]
Canada’s economy is in for a few years of reduced growth according to a new report from Deloitte. The outlook shows a slump in economic growth from 3% in 2017 to 2% this year and to 1.4% by 2020. It cites high household debt, rising interest rates, flat real estate markets, and weaker employment growth, […]
Ontario’s premier needs to push ahead with the assistance promised to the province’s potential home buyers. The Ontario Real Estate Association (OREA), Ontario Home Builders Association (OHBA) and the Federation of Rental-Housing Providers of Ontario (FRPO) met this week to discuss housing policy and are calling on the Ford government to implement solutions to increase […]
Home sales in British Columbia remain weak following the past few years of growth. Across the province there was a 33.2% decrease in sales in September compared to a year earlier with a total of 5,573 units according to the latest data from the British Columbia Real Estate Association. “BC home sales continue at a […]
Condo rents in the Greater Toronto Area increased 9.4% year-over-year on a per square foot basis in the third quarter of 2018. Urbanation reports that tight supply of rental units pushed the average rent up to $3.26 per square foot although average monthly rent payments rose slightly less as the average unit size leased in […]
Canadian housing starts fell to the lowest in almost two years in September, led by a drop in British Columbia. Builders began work on an annualized pace of 188,683 units last month, down 5.1 percent from August, Canada Mortgage and Housing Corp. reported Tuesday. That trailed all 11 forecasts in a Bloomberg survey. Canada’s housing […]
While fear keeps us from danger, it also can keep us from many other amazing experiences. Your palms are sweaty. Your stomach has that light, unsettled feeling. Your mind races eagerly from thought to thought. Fear is an innate part of the human experience and has been essential to our survival as a species […]
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