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In Ontario, this is how much housing $400K can buy
In Ontario, this is how much housing $400K can buy
Living in Ontario's largest and most popular urban centres comes at a high price, according to a housing report by Point2Homes. It analyzed how much space a homebuyer could acquire for $400,000 in Ontario's 30 largest cities.
Receiver appointed to five Toronto-area housing projects
The legal and financial troubles for Toronto-area condominium developer Vandyk Properties continue as delayed orders to appoint a receiver on five more of its building projects have come into effect.
Kitsilano single-family dev. site listed for $15.5 million
The site of a development permit application at 1000 Cypress Street on Kitsilano Point in Vancouver, approved by the city in April 2023 for three luxury single-family houses with nearly 11,000 square feet of floor area, is for sale.
 | Residential Landscape 2024 holds promise for new home real estateBarbara LawlorPartner & CEO, Baker Real Estate Inc. |
B.C.'s higher housing density plan concerns Metro mayors
A new Metro Vancouver regional planning report warns that the B.C. NDP’s plan to rapidly increase density through multifamily units on single-family lots could upend decades of community planning and exacerbate urban sprawl.
Metro Van. immigrants often choose housing based on transit
More immigrants live in urban centres such as Burnaby’s Metrotown, Surrey’s Newton and Richmond’s City Centre, while longer-term residents prefer lower-density areas of Metro Vancouver such as Delta, Coquitlam, Langley, Maple Ridge and White Rock.
Short-term rental listings in B.C. sell below asking price
A Victoria resident who spoke to a realtor about selling her 250-square-foot unit in The Janion building - bought in 2017 for $420,000 - was told it might fetch $350,000, a loss she can’t afford as she nears retirement.
Canada's housing market crushes hedge fund's returns
A small hedge fund betting on a Canadian housing market crisis had a double-digit loss last year as property prices held up and bank shares rebounded on optimism about a soft landing for the economy.
Toronto’s property-tax rate could jump 10.5%
Toronto city staff put forth a proposed $17-billion operating budget Wednesday, suggesting an average increase in property taxes of 10.5 per cent for the city’s homeowners.
Ontario RE prices dropped in many markets since June
Zoocasa released a price analysis comparing benchmark price data from the Canadian Real Estate Association (CREA) for 21 major markets across Canada to see where home prices have dropped from the peak of $760,600 in June.
Ottawa-area homes sold for $400K under original price
It's a harsh lesson on buying at the peak of the housing market. Two years ago, newly built townhomes in Carleton Place, Ont. sold for nearly $900,000. Low interest rates were a driving force behind the hefty price tag.
2,500 tenants evicted from Que. private seniors' residences
More than 2,500 tenants of private seniors' residences have been evicted in one year, the Quebec Association of Retirees from the Public and Parapublic Sectors (AQRP) claims. Montreal and Quebec are the two cities most affected by these evictions.
Canadian housing market had its worst year since 2000
2023 was a rough year for real estate, but some Canadian housing markets fared worse than others, according to National Bank housing data. Sales in Montreal were down 14.3 per cent from 2022, the city's worst-performing year since 2000.
Canada's wartime housing strategy to address crisis
OPINION: Governments at the federal, provincial and municipal levels are trying to deal with the critical shortage of housing in this country. Housing ministers have floated the idea that Canada should follow a wartime housing strategy as a solution.
Mortgage payments set to jump $400 per month
With about 14 per cent of Canadians with mortgages set to renew their loans this year, the executives of the country’s big banks say they’re confident the resulting interest rate hikes won’t crush customers or lead to a wave of defaults.
The impact of lower interest rates on housing
The first policy interest rate cut for Canada this year could come as soon as this spring, according to Marc Ercolao and TD Economics, which has implications for the country’s housing market.
Ten most expensive years for natural disasters in Canada: IBC
The 10 most expensive years for natural disasters in Canada as measured by insurance payouts, adjusted for inflation in 2022, compiled by the Insurance Bureau of Canada is topped by the 2016 Fort McMurry wildfire at $5.96-billion.
US home price growth accelerates in Nov.: CoreLogic
U.S. home prices increased by 5.2% year over year in November, the strongest annual growth rate recorded since January 2023. Detroit was the nation’s fastest-appreciating metro area in November at 8.7%, ending Miami’s 16-month run in the top spot.
U.S. brokerages try to reverse $1.8 bln commission verdict
The National Association of Realtors and a group of major residential brokerages sought to wipe out a federal jury’s $1.8 billion verdict for Missouri-area home sellers who said they paid artificially inflated real estate commissions.
Brookfield sells 19 manufactured housing communities
Brookfield Asset Management sold 19 manufactured housing communities in the U.S. for $325M to an unidentified buyer. The communities total 3,166 home sites in seven states. Brookfield's holdings in the sector totalled over 170 communities before the sale.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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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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