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Population growth has slowed, but new housing has crashed: Zonda

1 week ago

Population growth slows, new housing has crashed: Zonda

Canada's population growth is slowing but still far outpaces housing completions, which remains a big challenge for governments, developers and people looking for a place to live. New Zonda Urban data presented at a Toronto event exposes the gap.

Halifax apartments being converted into condos

Two apartment buildings in Halifax's north end with more than 120 units between them are being converted into condominiums, and owner GBRF Properties says it's because operating the properties as rentals has become financially impracticable.

Provinces 'hold the key' to unlocking homebuilding: report

While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a report assembled by the Task Force for Housing and Climate argues.

What’s stopping family housing development?

COLUMN: “Don’t tax what you want more of,” they say. Yet, three-bedroom units remain one of the most difficult home types to deliver in the best market conditions, let alone today, writes architect and urban planner Naama Blonder.

Toronto-area new home sales below 1990s market crash

New home sales in the Toronto area marked a seventh consecutive month of record all-time lows, eclipsing the 1990s downturn when the housing market crashed. There were 310 new home sales in April, down 72 per cent from April 2024.

Ontario mortgage delinquencies ‘enormously concerning’

More Ontarians are missing mortgage payments than at any time since Equifax started tracking them in 2012, according to new data from the credit agency. Ontario’s 90-plus day mortgage delinquency rate rose 71.5 per cent since Q1 2024.

What Ontario Realtors should expect from RECO AGM

The Real Estate Council of Ontario (RECO) is hosting its virtual 2025 Annual General Meeting (AGM) on Thursday, where members will learn highlights of the past year, elect new directors, and have the floor to pose their burning questions.

Toronto-area subdivisions flooded by single-family rentals

Speculators who bought in some new Toronto-area subdivisions are flooding the market with single-family homes for rent, driving down prices. “I don’t suspect these are investment properties by design, but rather by necessity,” Michael Waters, CEO of Minto Group, said.

‘Every deal has a story’ in Toronto real estate

Simmering angst in the Toronto-area real estate market is giving rise to lingering days on market, fragile deals and sporadic bully bids. Uncertainty surrounding tariffs and the trade war with the United States is still clouding the economic outlook.

Is it a buyer’s market? Well, it depends

OPINION: When someone tells Ontario real estate agent Lindsay Smith it's a buyer's market, his go-to response is, "It depends." That may sound like a vague answer, but in real estate, it's the most accurate way to describe what’s happening.

Complicated rules can lead to unexpected tax on real estate

There are many situations where people buy, sell, or change the use of a property and can get caught owing GST/HST unexpectedly. Here are a few scenarios to watch for.

B.C. regulator fines Realtor $15K for conflict in client loan deal

The British Columbia Financial Services Authority has issued a $15,000 administrative penalty against Realtor Pardeep Singh Sandhu after he lent money to clients in a transaction that regulators say created a clear conflict of interest.

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