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Homebuilder group offers action list to boost Canada's housing sector

3 days ago

Homebuilders offer action list to boost Canadian housing

An extended tax rebate and a carve-out in the foreign buyer ban for new homes are among the recommendations a coalition of urban developers suggests for the federal government to address Canada’s housing “crisis."

Toronto's efforts to speed up development approvals

A common complaint from developers and homeowners is that getting a development application approved in Toronto takes too long. The Star spoke to the head of the city's year-old development review division to update its progress.

Edmonton housing starts booming, but is new always better?

With Edmonton leading the country in increased housing starts and affordability, home buyers in the city now face a choice between well-loved houses or new builds. Ultimately, it comes down to “individual styles and preferences . . .," according to realtor Rick Aujla.

GTA housing market sees best July in 4 years: TRREB

The Greater Toronto Area (GTA) real estate market saw its hottest July since the pandemic, marking a turnaround from previous months when buyers held back while waiting for the economy to improve, according to the Toronto Regional Real Estate Board (TRREB).

Vancouver home sales tick 2% lower in July: board

Vancouver-area home sales were down two per cent in July compared with last year, as the city’s real estate board says it continues to believe the market is showing early signs of recovery.

Montreal sees strong July home sales

The Quebec Professional Association of Real Estate Brokers reported that 3,731 residences changed hands in the Montreal area in July. That represents a 10 per cent increase compared to July 2024.

It’s ‘the summer of lowballing’ in Toronto

Buyers in the Toronto-area real estate market are testing their strength – with varying levels of success. “We’ve been calling it the summer of lowballing,” real estate agent Alex Beauregard of Sutton Group-Associates Realty said.

Toronto-area average condo price falls to $651,000

Toronto-area condo prices hit their lowest level in more than four years in July, while overall real estate sales saw its best July since 2021, according to a new report from Toronto Regional Real Estate Board.

Residential real estate market shows geographical divergence

Canadian real estate trends this year are increasingly defined by geography, with regional disparities that highlight a nation divided by affordability, economic uncertainty and shifting buyer priorities. While Toronto and Vancouver dominate headlines, they’re also dominating the downturn.

Housing crisis fuelling largest B.C. exodus in decades

British Columbia is losing residents to Alberta and other provinces due in large part to housing unaffordability, the Business Council of B.C. said. Nearly 70,000 West Coast residents left the province for other parts of Canada over the past year.

Organized real estate isn’t broken — it’s evolving

OPINION: Real estate boards are not economic policymakers. They don’t set interest rates or lending criteria. What they do control is how they lead, how they govern and how they support members during times of uncertainty. 

Ontario seller found liable for misleading buyers

An Ontario residential property seller told the buyers there were multiple competing offers. In reality, no other written offers existed. A court found the buyers were wrongfully induced to overpay for the property due to the seller’s misrepresentations.

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