'Super involved' Woodstock realtor wins national nod for volunteerism
Kelly Byers said the year she became a realtor was the year she “became super involved in the community.” Woodstock's Kelly Byers is the winner of the 2024 Canadian Realtors Care Award given out by the Canadian Real Estate Association. Byers, who was diagnosed with leukemia in June 2023, was chosen
Read MoreFederal plan would count rent toward a credit score. Who will it help — and who could it hurt?
Idea could help aspiring homeowners, or be a burden for those who are struggling As part of its Renters' Bill of Rights, the federal government introduced a proposal that would make timely rental payments count toward a person's credit score. (Evan Mitsui/CBC) A federal proposal to include renta
Read MoreFederal government pledges $6B for housing in new infrastructure fund
Some money only accessible if provinces, territories meet certain conditions Construction workers build a home in Oakville, Ont. Prime Minister Justin Trudeau announced Tuesday the federal government is creating a new $6-billion Canada Housing Infrastructure Fund. (Nathan Denette/The Canadian Pres
Read MoreCommission lawsuit settlement could reshape real estate landscape … or not
In a landmark development, the National Association of Realtors (NAR) recently settled a series of commission lawsuits, agreeing to pay $418 million USD in damages and pledging to overhaul its rules regarding real estate agent commissions. This settlement, prompted by legal claims alleging artific
Read MoreYoung Canadians face housing hurdles as student debt impacts homeownership dreams
Good luck, parents and grandparents hoping to get a pat on the back for those tall tales about the challenges you endured growing up. Now it’s millennials and Gen Z receiving all the sympathy for the hurdles they go up against. Fair or not, growing sentiment holds that the long slog through snow
Read MoreIn the middle of a housing crisis, no one worries about constitutional niceties
Trudeau seems to have learned his lesson: people don't always care when premiers' toes get stepped on Prime Minister Justin Trudeau meets a drywall worker as he tours an under-construction condo tower in midtown Toronto on Wednesday, April 3, 2024. (Cole Burston/The Canadian Press) Last summer — a
Read MoreCanadians awaiting rate cuts to re-enter housing market
26% waiting for rates to drop to buy or sell a house or property, survey says A real estate sign is displayed in front of a house in Toronto. PHOTO BY EVAN BUHLER/THE CANADIAN PRESS FILES Canadians are starting to feel more optimistic about their finances and a growing number say they are pla
Read MoreAn Ontario city smashed its new housing targets by 250%. But are prices going down?
On paper, Kingston, Ont., is doing everything the provincial government has asked it to do on housing — and more. The city was told to get building work underway on 587 new homes in 2023 as part of the province’s push to build 1.5 million new homes. By the end of the year, Kingston had achieved 25
Read MoreFebruary home sales dipped 3.1% while prices stayed flat, CREA says
Compared to home sales in January, which were up 3.7 per cent A For Sale sign sits in front of a Toronto home on July 6, 2022. February home sales dipped 3.1 per cent while home prices stayed flat from the previous month, according to the Canadian Real Estate Association. (Alex Lupul/CBC) February
Read MoreBoosting home value with new energy-efficient windows and doors: Guide for 2024
As homeowners increasingly seek ways to reduce their carbon footprint and energy bills, energy-efficient home upgrades have become a major trend in modern, eco-friendly living. But with so many home improvements to consider, one retrofit consistently stands out among those financially savvy: insta
Read MoreUnexpected resilience amid economic challenges showing up nationwide
The Canadian real estate market stands as a cornerstone of the nation’s economy, reflecting not only economic conditions but also societal shifts and demographic patterns. Currently, the state of our market displays a surprising resilience against various challenges, including a looming recession,
Read MoreThe NAR settlement and its far-reaching implications: What does it mean for the Canadian industry?
In response to a flurry of commission-related lawsuits causing upheaval, the National Association of Realtors (NAR) recently brokered a groundbreaking settlement, pledging reforms and financial restitution. Valued at $418 million over four years, the agreement promises “sweeping” changes to the
Read MoreToo early for borrowers to do the happy dance over promised interest rate cuts
Robert McLister: The Fed reassured markets this week, but Bank of Canada will want to see more Bank of Canada governor Tiff Macklem, left, and Fed chair Jerome Powell are still keeping an eye on inflation. PHOTO BY CANADIAN PRESS/GETTY IMAGES Rate markets breathed a sigh of relief this week w
Read More'It's crazy right now': House flipping surges to new heights in Calgary's red-hot real estate market
Bank of Canada data shows 6.5% of homes sold in metro area were resold within year A snow-covered sign advertising a house for sale in Calgary. (Robson Fletcher/CBC) House flipping in Calgary's red-hot real estate market has surged to the highest level of any major metropolitan area in the country
Read More5 charts that show how Canadians are and aren't coping with higher interest rates
Household wealth rises but financial data from Statistics Canada show 'pressures will remain intense' Statistics Canada released data on household finances that revealed how people are managing higher interest rates. PHOTO BY GETTY IMAGES Canadians are wealthier thanks to stock and bond marke
Read MoreCanadian Housing Supply Targets Don’t Make Sense, “Will Never Be Hit”: BMO
Canadian policymakers are sprinting across the country to rain cash to stimulate homebuilding. Unfortunately, it’s not working with new housing starts actually falling further from targets in January. BMO wrote to investors to explain this is predictable, since the targets were unrealistic and will
Read MoreHousing prices expected to hit 'bottom' in Toronto this spring: RBC report
Canada is seeing “early signs” of a housing market upturn and Toronto could see prices bottom out this spring, a recent report from the Royal Bank of Canada says. In the report, which was released last week, RBC said January was the second consecutive month where residential transactions increased
Read MoreCanada real estate: Which markets have the largest share of $1 million listings
In many cities in Ontario and B.C., more than 50 per cent of home for sale are listed for more than $1 million. (Getty Images) (Pierre Longnus via Getty Images) In many cities in Ontario and B.C., more than half the homes for sale are listed for more than $1 million. That's according to
Read MoreCanada’s housing market is ‘starting to turn a corner.’ Are prices rising?
Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. According to the latest data from the Canadian Real Estate Association (CREA) released Wednesday, the housing market has seen an uptick in activity despite interest rates being at a 22-year
Read MoreAverage asking rent prices in Canada reach $2,193 in February, up 10.5% from 2023
Photo: The Canadian Press A realtors sign advertises a house as for sale or for rent, in Ottawa on June 9, 2023. THE CANADIAN PRESS/Adrian Wyld A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and
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