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Royal LePage forecasts strong housing market in 2025
Royal LePage forecasts strong housing market in 2025
2025 looks to be a great year for the home-building industry as buyers are expected to return and prices to rise according to Royal LePage. The aggregate nationwide home price is forecast to rise six per cent to $856,692.
Canada expands the federal property land bank
The federal government has added another 12 properties to the Canada Public Land Bank bringing the total number of federal properties identified as suitable for housing development to 83, over 430 hectares, spanning nine provinces and two territories.
Big banks raise fixed mortgage rates as bond yields fall
Bond yields, which have plunged over 30 basis points over the past two weeks, typically influence fixed mortgage rate pricing. But several lenders, including CIBC, Royal Bank, and TD, have recently raised rates on some of their fixed-rate products.
Why aiming for pre-COVID housing affordability makes sense
The pandemic was a milestone in deteriorating affordability levels across Canada. While many still face housing affordability challenges, aiming for pre-pandemic affordability levels may offer an achievable goal bringing relief to Canadian families, according to Canada Mortgage and Housing Corporation.
3 investors acquire $197.5M Montreal apartment portfolio
Three private investors are spending $197.5 million to purchase the Norgate Apartments from KingSett Capital and Starlight Investments in the Montreal borough of Saint-Laurent, in what broker JLL calls the biggest multifamily transaction in Quebec this year in price and unit count.
Montreal home sales surge 47% in November
Montreal residential home sales jumped 47 per cent in November compared with the same month last year, marking the second-largest increase for November since 2000, according to the Quebec Professional Association of Real Estate Brokers.
Former Montreal church to be converted into housing
Over the next 15 to 18 months, the former St. Stephen’s Church, which has sat at the intersection of Westmount and downtown Montreal since 1903, is to be converted into high-end rental apartments. The developer is Angelo Pasto.
25% of B.C. homebuyers were investors at outset of pandemic
Investors accounted for one-in-four residential property purchases in B.C. in 2018, 2019 and 2020, according to Statistics Canada. Kelowna had an even higher share, with investors accounting for almost 40 per cent of condominium purchases there in 2019.
In Calgary, non-market housing struggles to meet need
Sarah Woodgate, president and CEO of Calgary Housing Company, says non-market housing is essential to house low- and moderate-income families unable to afford market rates, but demand still outweighs the available supply.
Misrepresentation top complaint against B.C. real estate
Deceptive practices and misrepresentation in B.C. real estate are among the top complaints levelled at the sector, according to the B.C. Financial Services Authority's inaugural consumer complaints report, published Dec. 5.
The impact of falling real estate prices on offers
COLUMN: For sellers, falling prices can lead to tough decisions. For buyers, it may seem like an opportunity to score a deal. However, the dynamics at play are far more complex than they appear on the surface.
Toronto condo buyers win faulty status certificate case
A $75,000 court judgment against a Toronto condominium corporation, York Condominium Corporation No. 242, over “fraudulent” documents highlights the risks of not examining closely the mandatory cost disclosures most condo sales require.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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