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

Buyers remain on the sidelines and developers, too, are waiting to launch projects, leading a possible supply crunch down the road, says homebuilders' association.   There were 578 newly built homes sold in the GTA last month — falling 68 per cent below the 10-year average, but down just thr

Canada’s Prime Minister Justin Trudeau meets workers as he tours new construction at Edgemont Flats housing complex during an announcement of new funding for housing in Edmonton, Alberta, Canada February 21, 2024   OTTAWA/TORONTO (Reuters) - Canada's move to keep foreigners out of its property mark

Jamie Dimon , Photographer: Jason Alden/Bloomberg (Bloomberg) -- Jamie Dimon said problems in commercial real estate will be contained to “pockets” of the sector as long as the US avoids a recession. Many property owners can handle the current level of stress, the JPMorgan Chase & Co. chief e

Canada’s primary rental market faced significant challenges in 2023, as robust rental demand continued to outstrip the available supply. This has led to diminished affordability and a historic low in vacancy rates, as the latest Rental Market Report (RMR) by Canada Mortgage and Housing Cor

In a housing market dominated by high interest rates and slowing sales, home prices remained stubbornly elevated across the majority of Canada as the curtain fell on 2023. The most recent data released by the Canadian Real Estate Association (CREA) revealed that, between December 2022 and December 2

Original lawsuit involves brokerages in Greater Toronto Area   Central to a new lawsuit brought against the real estate industry is a regulation compelling home sellers using the Multiple Listing Service to offer a commission to the buyer's real estate brokerage. PHOTO BY JIM WELLS/POSTMEDIA   The s

LisaBourgeault/Shutterstock | LaiQuocAnh/Shutterstock   With a number of factors contributing to record-low supply in both Calgary and Edmonton’s housing markets, prices skyrocketed last year as demand continued to soar.   That, however, was not new. According to a recent analysis by online housing

A leaflet mailed out to Calgary residents is shown on Wednesday, Jan. 31, 2024. (Lauryn Heintz, CityNews image)   For at least the next 10 days, public information sessions will be held to better educate Calgarians on what new residential zoning could look like around the city. It’s a massive

On Monday, the Government of Canada announced that it has reached an agreement with the City of Richmond that will see the city receive $35.9M through the federal government's Housing Accelerator Fund. The funding is expected to fast track over 1,000 units of new housing over the next three years

Canada’s first-time homebuyers – and would-be homebuyers – know that entering the Canadian real estate market isn’t exactly what it was for previous generations. Between sky-high interest rates, mortgage stress tests, and home prices (especially in major cities), times are tough for borrowers and

The world of real estate is no stranger to innovation and disruption. From online listings to virtual tours, technology has significantly transformed the way properties are bought and sold. One of the latest developments in this realm is the integration of Bitcoin, a digital currency, into real est

Canadian homeowners move every seven years on average, according to a statistic that has been frequently cited in the real-estate industry for years. From Simplii Financial, to RE/MAX, to the Canadian Association of Movers, to Borrowell, the number is often used to underscore why homeowners should

  From a transactional standpoint, particularly for investments, it was one of the slowest years we’ve had in a long time. Inflation and subsequent interest rate increases prompted a sense of uncertainty across global real estate markets. Canadians spent most of the year asking whether interest ra

  The latter half of 2023 saw many homes in and outside of the GTA selling significantly below their asking prices, with all types of properties sitting idle on the market for long periods as prospective buyers battled out high interest rates. In some regions, the sluggish real estate market also

York Regional Police (YRP) say they have recovered 25 stolen vehicles valued at more than $2 million and charged six people after busting a GTA car theft operation. A stolen vehicle in a shipping container is pictured at a warehouse in Mississauga following a search warrant, executed by York Region

Duties of a Real Estate Attorney When it comes to buying or selling a property, there are numerous legal complexities involved that can be overwhelming for an average individual. This is where a real estate attorney steps in to ensure a smooth transaction. Real estate attorneys play a crucial role i

Households, companies face a challenging economic environment Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage, while the job market proved to be stronger than expected. Housing and the cost of living will likely remain at the forefront in 2024,

Lawmakers across Canada have put a renewed focus on making housing more affordable, but experts predict chronic issues around pricing and supply will keep straining the country’s rental market in 2024. “I don't see things getting better in the short term,” Steve Pomeroy, senior research fellow for

A year after it was introduced, the foreign buyers ban hasn't helped lower home prices, critics say Kris Wallace and Andy Ali are looking for a condo that's a bit bigger than their current Vancouver unit, but much of what they see is too expensive. They also say Canada's ban on foreign buyers hasn