Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but experts expect prices will hold relatively flat. Activity in the Canadian housing market has largely been muted through much of the spring and summer despite the

  While experts say the Bank of Canada’s previous two rate cuts did little to stimulate the housing market, opinions differ on whether the latest cut will increase activity. The Bank of Canada cut its key policy rate by 25 basis points to 4.25 per cent on Wednesday, marking the third consecutive cu

The government has no plan to immediately introduce the promised personal tax cut   Alberta’s first-quarter fiscal update shows the government expects a surplus of $2.9 billion but won’t have surplus cash this year and will need to borrow hundreds of millions of dollars. Finance Minister Nate Ho

Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022. Rising new home construction and gains

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. THE CANADIAN PRESS/Jeff McIntosh   CALGARY — The Calgary Real Estate Board says August home sales dropped 19.5 per cent from last year's record levels as activity continues to move away from the extreme sellers’ market c

A new report from CalgaryHomes.ca is putting the spotlight on rapidly increasing home prices in municipalities across Alberta. The report analyzed house sales data from the Alberta Real Estate Association (AREA) and the Canadian Real Estate Association (CREA) from February 2023 to February 2024. I

Project Collector halts Cross-Canada money laundering Calgary… A professional money laundering organization, working in support of some of Canada’s largest crime groups, has been dismantled following an unprecedented investigation by ALERT and the RCMP. Project Collector is a three-year financial

Alberta is calling not just residents, but real estate agents, too. As Canadians continue to flock to the province in search of better value in the real estate market, so too have agents looking to profit off of the increased interest. The surge of not only residents but also licensed professional

The average price to buy a detached home in Lethbridge rose to $438,325, but it's still well below the provincial average, making the city an enticing place to buy and invest.   The average price of a home in Lethbridge has jumped by more than 19 per cent over the past year, statistics indicate. Th

A recent BMO report indicated that Albertans are holding back on buying homes until interest rates come down. Photo by Michael Vi /Getty Images/iStockphoto Most Canadians in Alberta are holding off on buying a home until interest rates come back down. “Rates have a long way to fall still bef

FRASER VALLEY — The Fraser Valley Real Estate Board says two interest rate policy cuts by the Bank of Canada weren’t enough to revive lagging home sales in the Fraser Valley during the summer. According to a statement from the board, the Fraser Valley residential resale market slowed again in A

Buildings and people can stay cool with these techniques, design professionals say EDSA designed the Conrad Orlando to incorporate trees and umbrellas that help shade the pool area. They also used lighter materials on the pool deck that emit less heat. (EDSA) As temperatures inch up and concerns gr

An impressive property is up for sale in the Township of Langley, which the listing states is a “famous Hollywood movie” filming location.   We’re still trying to determine exactly what movies were filmed at 558-248 Street in Langley, which was built in 1996 and is currently listed for $9,450,000.

Toronto housing market may have seen a steep decline from its former glory, but buyers still need to earn more than a hefty $200k per year to be able to nab the typical house or condo in the city, which still averages around $1.1 million, even while no one is biting. Those who were holding out hop

Flourishing new technology and generative AI looks to offer professionals plenty of tools for success. Perhaps most paramount, however, is access to information and the ability to analyze that data, in order to make informed decisions.  In real estate, with buyers and sellers seeking an edge to ge

Effects not likely to be felt for some time Interest rates still aren't low enough to reignite activity in the housing market, real estate experts said. Photo by Brian Thompson /Brantford Expositor On Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the t

For the first time in as long as monthly data has been available, the Toronto Regional Real Estate Board (TRREB) — the largest group of its kind in Canada — has seen a drop in membership numbers, serving as just another indication of the trouble the market is in. Selling homes has typically been a

Fed Chair Jerome Powell has voiced concern, saying that commercial real estate risk “will be with us for some time, probably for years.”     Rep. Mike Carey (R-Ohio) has introduced a bill establishing a new tax credit to facilitate the conversion of underused commercial buildings t

A total of 545 properties changed hands last month, down 16.2 per cent from July   An aerial view of residential streets in the Gordon Head area of Saanich. CAPITAL REGIONAL DISTRICT   August real estate sales ­numbers slumped when compared with July, reflecting a typical end-of-summer slow peri

The agent got the maximum allowed penalty for misconduct committed by an individual in 2015, the BCFSA says Ramandeep Singh Kooner said in the consent order that he didn't confirm with the two owners that he had their permission before signing and submitting the letters to the City of Richmond. (R