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Housing sales trends in Canada's six largest urban areas
Housing sales trends in Canada's six largest urban areas
The number of homes being sold across Canada is accelerating thanks to interest rate cuts, lower prices in some markets and increasing inventories. We present snapshots of the latest data, and trends in the country's six largest urban centres.
New breed of property barons could solve housing crisis
Individuals and corporations who bought real estate way back when are now either selling the property for huge sums to a developer, or looking at ways to develop it themselves, as Telus, Leon’s Furniture and Canadian Tire are doing.
Toronto-area condo deals 91 per cent below 10-year average
Toronto-area condo apartments accounted for 210 units sold in October — down a staggering 84 per cent from October 2023 and 91 per cent below the 10-year average, according to the Building Industry and Land Development Association’s Friday report.
New mortgage rules set to spur market recovery
Housing industry experts agree new mortgage rules taking effect on Dec. 15 will have a positive impact on the road to recovery for the Canadian housing market. However, their effectiveness will likely be short-lived, hindered by several factors.
How much you need to make to buy a house in Canada
According to calculations made by Ratehub.ca, the salary needed to purchase a home in Canada went down again in October. Income requirements dropped in most markets, coming down by more than $4,000 in Vancouver, Toronto and Hamilton.
Here's what's holding back Toronto's first-time buyers
Having been able to save for longer by renting or living at home, first-time buyers in Toronto have run up against limited inventory for larger entry-level homes and looming competition.
Coquitlam council clears way for townhouse project
Despite some concerns about a pending creek realignment, last week Coquitlam, B.C. unanimously approved rezoning of three lots on the 3600-block of Crouch Ave. to make way for a future 292-unit townhouse project.
Sales in N.L.'s tight housing market are soaring
There's stiff competition among prospective home buyers in the St. John's region because the number of listings are unusually low and demand is surging. One agent said buyers from outside the province are primarily to blame for low inventory levels.
U.S. election jitters lifted Canada luxury real estate market
A broker with Re/Max Escarpment Realty said sales perked up in October in many areas, including in cities west of Toronto, where he does much of his business. He believes uncertainty surrounding the U.S. presidential election played a role.
Quebec flood zone estimates likely overstated: officials
The Quebec Ministry of the Environment likely overestimated the number of properties located in flood zones following the modernization of flood mapping, according to officials who sought to ease concerns about new regulations.
Changing how home ownership works
OPINION: Why, in Canada, is there no focus on co-op housing and apartment-style condominiums? Co-operative housing, including those with life-lease arrangements are, and have been, remarkably effective in keeping housing costs affordable.
Who is the final authority on ethics in real estate?
COLUMN: Ethics is a cornerstone of the real estate profession, but the question of authority is one that continues to post challenges. Real estate professionals must ask: Who determines these standards, and what gives them legitimacy?
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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