If you hold a mortgage, there’s a good chance you’ll see your payments rise over the next three years, if you haven’t experienced a bump already. After interest rate hikes many Canadians, writes Mathieu Laberge, are mindful of reaching the “trigger rate” on their variable rate mortgages, where i

Canada’s real estate market has been experiencing unprecedented changes in recent years, partly driven by the surging population. The country is now home to 40 million people, after hitting the milestone this year, and the federal government’s plan to welcome an additional 1.5 million immigrant

A luxury home in Vancouver. The luxury real estate market has diverged in major cities as local influences such as migration, supply and buyer intentions weigh heavily on individual markets. PHOTO BY JENNIFER GAUTHIER/BLOOMBERG Canada’s luxury housing market has bounced back in recent months, bu

“Tenants should be on their best behaviour,” says Toronto-based realtor Davelle Morrison. “Because, if they’re making life difficult for their landlords, the landlords may say, ‘You know what? It’s now costing me all this money a month to carry this property and this person isn’t being very nic

Largest month-to-month gain in 10 years A construction worker works on a house in a new housing development in Oakville, Ont. PHOTO BY RICHARD BUCHAN/THE CANADIAN PRESS The six-month trend in housing starts turned positive in June for the first time since November 2022 after the pace of build

Advocates say it prevents price gouging while developers say it disincentivizes new construction With the cost of rental housing hitting all-time highs, many current and would-be tenants alike have something on their mind: rent control. The average rent for a two-bedroom apartment in a pu

Existing homeowners across Canada have been the driving force behind the country’s housing market gains, as move-up buyers took advantage of the temporary pause in interest rate hikes by the Bank of Canada (BoC) in the first half of the year.  According to Re/Max Canada’s Move-Up Market Repo

With office usage hovering near 50 percent of pre-pandemic levels, cities are putting the underutilized space to new use growing food In an old paper company and warehouse building, machines are whirring again. But instead of reams of paper pressed and cut, this warehouse is home to Area 2 Farms

Twenty-five years ago, the biggest local story was the implosion of the Calgary General Hospital. Huge crowds gathered to watch the massive buildings reduced to a pile of rubble with the help of more than two thousand kilograms of explosives. Many remember the national news event very well, yet

‘The most specific concern is having enough to pay the essentials,’ said Donna Carson, a licensed insolvency trustee for MNP Albertans are feeling the crunch of interest rates more than other Canadians. MNP released its latest quarterly Consumer Debt Index (CDI) on Monday, painting a concerni

With a population of 80,649 residents and a population growth of over 14 per cent since the last census, the 2023 census only confirmed in numbers what many Airdrie residents have been saying for several years – the city is growing. However, the census that was conducted in the spring of 2023 al

Despite economic headwinds, the Canadian commercial real estate market continues to evolve from coast to coast. Its three main sectors – industrial, office and retail – have held steady, according to the RE/MAX 2023 Commercial Property Report, which takes a deep dive into current trends and first-q

The initial reaction to the Bank of Canada’s June rate hike—and the prospect for a follow-up in July—has been mixed across local housing markets. Buyers promptly retreated in Toronto, Hamilton, Ottawa and Vancouver in June, but remained undeterred in the Fraser Valley, Calgary, Edmonton and Montrea

“I think we’ve been a bit surprised at how strong it’s been,” said the chief economist for the Calgary Real Estate Board As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta’s largest city. Article

As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta’s largest city. This summer, the hottest commodity in town isn’t the perfect pair of cowboy boots or a well-broken-in Stetson — it’s a deta

Canada needs 5.8 million new homes by 2030 to solve the housing crisis, according to the Canadian Mortgage and Housing Corporation. Many Canadians rightfully took pride last month when our population surpassed 40 million — a reflection of a growing and dynamic nation with an amazing future.

Proposed law stirred up opposition and was slammed for infringing on property rights Houses in Amsterdam are seen along a canal in April 2020. A proposed Dutch law would have allowed municipalities to force homeowners whose homes were worth up to 355,000 euros to put their property on the market

There was a “sharp rebalancing of demand-supply conditions” in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests. The report, released last week, notes that home

Greater demand and competition for farmland are contributing to the rise in property values, according to experts. (Cory Herperger/CBC) The value of Saskatchewan’s farm real estate continues to skyrocket, growing by a record amount last year, data shows. Experts suggest the trend is a promisi

Calgary is Alberta’s largest city and is situated just 80 kilometres from the Canadian Rockies. It is known as the sunniest major city in Canada and is home to the Calgary Stampede, a 10-day outdoor event with incredible shows, amazing food and non-stop entertainment. Its close proximity to the mou