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Bulk condo sales could help soothe pain of housing sales collapse

1 week ago

Bulk condo sales could help soothe pain of sales collapse

A property broker in Vancouver says its new program to arrange bulk condo sales will give frustrated developers an escape hatch, while providing long-term upside to buyers willing to hold the units before eventually selling for a profit. 

Zenterra, Allure begin building 2 Surrey condo projects

Two homebuilders that recently started construction on separate condo projects in the Metro Vancouver city of Surrey suggest the region could be facing a condo shortage if the pipeline of new projects continues as a trickle. 

Will the real, Real REMAX please stand up?

OPINION: The buzz on real estate forums was palpable. REMAX, the name that built modern real estate, was not doing the acquiring this time. Every broker across North America leaned in, reread the headline and thought the same thing: Wait, what?

BoC holds interest rate at 2.25% amid Iran oil price spike

The Bank of Canada held its policy interest rate at 2.25 per cent on Wednesday for the fourth consecutive time, a move widely expected by economists amid soaring energy prices brought on by the conflict in the Middle East.

Tribe is about to book its first profits: CEO

Tribe Property Technologies CEO Joseph Nakhla says his company took a significant step toward profitability with its latest financial results on Tuesday. The company sees its AI-enhanced platform driving growth despite challenges in Canada’s housing real estate market.

HST rebate drawing resale buyers into new-build arena

Some Ontario buyers who were looking in the resale market have widened their search to include homes under construction or recently completed, thanks to recent tax changes aimed at bolstering sales of newly built homes.

Some are crying foul over Pickering development

Pickering, Ont. is set to vote on a secondary housing development plan that could transform its landscape over the next quarter century. Critics argue the plan is costly and unnecessary, and a local First Nation is upset about a lack of consultation.

Canada's deflating housing bubble stymies stock market

Canada’s housing market slump, the longest in recent decades, is straining household spending even as a record high domestic stock market generates hundreds of billions of dollars of increased wealth.

The AI debate in real estate is asking the wrong question

OPINION: Recent arguments have embraced a false premise: that AI adoption is the variable that determines which agents survive the next decade. It is not. Competence is. AI just exposes it faster.

Charlottetown loses $1.26M in federal housing funding

Charlottetown still plans to implement the initiatives set out in its Housing Action Plan, despite losing $1.26 million of federal housing funding due to the city's failure to meet required milestones, according to its deputy mayor.

Vacancy rates up for new GTA rentals, why is rent still high?

The Toronto region vacancy rate for new rental buildings climbed to 5.4 per cent in the first quarter of this year, the highest seen since the pandemic, according to new numbers from market research firm Urbanation, released Monday.

Montreal's two-speed rental market

Lease renewal season is in full swing, and many people are reluctant to give up their places. Between new apartments deemed too expensive and tenants clinging to their current units, La Presse examines the two-speed market emerging in Montreal.

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