The Latest information in Pre-Construction Condos
47% of Canadian Gen Z Say Returning to the Office Factors into Home Buying Plans
Survey Highlights
Nearly half (47%) of urban Canadian Generation Z adults rank proximity to their workplace as a top priority for the location of their first home purchase; however, just 15% indicate that buying in or close to the downtown…
Toronto home sales down 39 per cent in May from last year, prices up almost 10 per cent
The Greater Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday.
The Ontario board found last…
A Bubble, Eh? Scotiabank’s “Very Pessimistic” Outlook Is Real Estate Prices Rise 10%
Canadian real estate is so bubbly a large bank sees prices soaring in a downturn. Scotiabank (BNS) reported earnings today, filing the bank’s macroeconomic forecasts. These forecast scenarios help to determine outlook, and include a base case,…
Canada’s Housing Starts Rose 8% in April
There’s some good news on Canada’s housing supply front; the country’s housing starts rose 8% in April.
According to the Canadian Mortgage and Housing Corporation (CMHC), the trend in housing starts was 257,846 units in April, up from…
Canadian housing starts rose in April – CMHC
The annual pace of new home construction in April surpassed analysts' expectations
The annual pace of new home construction in Canada was up 8% in April compared with the previous month, the country’s national housing agency has…
National home sales, prices fall in April
The news marks the latest stage in Canada's housing market cooldown
National home sales and prices fell across Canada in April as the country’s housing market continued to cool following two years of record-breaking activity, according…
A record number of new condos in Toronto are selling out before they're even built
Though the latest stats from April show the beginnings of what might be a downturn in the GTA real estate market at large, it seems that one housing type is still in huge demand, at least when looking at the first quarter of this year so far.
While…
Anti-flipping proposal may get bogged down with exemptions
This article will appear in the forthcoming May issue of Investment Executive.
Ottawa’s proposed new anti-flipping rule represents a significant change in real estate taxation, providing the Canada Revenue Agency (CRA) with clarity regarding…
Canadian buyers returning to major cities, expecting to spend more: BMO survey
A new home finance survey from the Bank of Montreal has found that, among other things, more Canadians are looking to buy in major city centres as business picks up once again at urban offices.
The survey notes that interest in buying a home…
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