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AI adoption means big cuts in jobs, expenses at Pineapple
AI adoption means big cuts in jobs, expenses at Pineapple
Mortgage brokerage Pineapple Financial Inc. (PAPL-A) will lay off over 60 per cent of its workforce and will see a significant reduction in operating costs as it implements widespread adoption of artificial intelligence technology.
The right time to move on from back-to-back townhouses
COLUMN: In a slower housing market, developers have the opportunity to revisit assumptions formed when demand was stronger and absorption was faster. Design decisions that once prioritized construction speed and density can now be subject to greater scrutiny.
OSFI warns major lenders about blanket appraisal practices
Canada’s banking regulator warned bank executives in a meeting last October that a widespread practice of blanket home appraisals for condominium mortgages could breach a federal mortgage rule, according to meeting minutes seen by Reuters.
It's been 5 years since mortgage rates hit all-time lows
About a million Canadians got the rate of a lifetime on a mortgage in 2021, but today find themselves married to homes that will cost them a lot more to carry over the next half-decade.
Sellers join the sidelines in Toronto and Vancouver
New listings are plunging in Toronto and Vancouver, two of Canada’s largest real estate markets, as analysts say dropping prices have left homeowners waiting for better market conditions to sell.
Drop in Kelowna new builds sparks city, developer feud
Builders and municipal officials in Kelowna are squabbling over the causes of a significant downturn in new construction activity. Developers blame city policies and fees but bureaucrats say Kelowna is not exempt from the macro-economic forces at work across B.C.
Too early to declare a turnaround in Metro Vancouver
The number of home sales in Metro Vancouver and the Fraser Valley bumped upwards from January to February, but experts say it is far too soon to say if pent-up demand will unleash itself into the spring.
B.C. advocates push RVs as permanent homes
Many B.C. jurisdictions, including the Regional District of Nanaimo, limit the amount of time a person can dwell full-time in a recreational vehicle (RV). The B.C. Building Code also prohibits full-time RV dwelling.
From Olympic ice to Calgary real estate
For much of her career, Mirela Rahneva’s job began at the top of a skeleton track. Now, the 37-year-old says she feels a different kind of thrill as she begins a new chapter with luxury brokerage Engel & Völkers in Calgary.
Recreational RE is getting cheaper, here’s what to consider
Some Canadians are considering recreational property but before hunting for that idyllic second home, advisors urge buyers to consider the broader cost, and tax and estate implications that could overshadow the sentimental side of owning a getaway property.
Ottawa sees 'one of the slowest' winters in 10 years
The Ottawa Real Estate Board says the winter of 2025-2026 is one of the slowest in the market in the past 10 years, with sales well below the five- and 10-year averages.
Average asking rents fall for 17th straight month
Asking rents in Canada fell year-over-year for the 17th straight month in February to an average of $2,030. The latest monthly report from Rentals.ca and Urbanation said prices were down 2.8 per cent from February 2025.
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