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In the Hyyve, real estate agents bid for homeowner listings
In the Hyyve, real estate agents bid for homeowner listings
Hyyve Inc. is a Toronto-based proptech company planning to disrupt the property listings sector by having agents bid to represent homeowners. It was co-founded by serial entrepreneur Patrick Armstrong and technology sector veteran Kirstin Thomas.
National home sales continue surging, prices rise: CREA
The Canadian Real Estate Association (CREA) said the number of homes sold in November rose 26 per cent compared with a year ago, marking the second straight month of large year-over-year gains.
Toronto area new home sales down 55% in November
Another lethargic month has come and gone in the Toronto area real estate market, with tens of thousands of new builds languishing without buyers as 55 per cent fewer homes traded hands than last November, industry data shows.
'Are we there yet?': Road to recovery for Canadian real estate
Canadian real estate had all of the hallmarks of a great comeback story in 2024. Interest rates are falling. House prices are down from the peak. Affordability is returning to the market. It sounds like the setup for a great recovery.
Over half of first-time buyers to use FHSAs to save for a home
BMO’s 15th annual Investment Survey shows growing interest in the First Home Savings Account (FHSA). Fifty-six per cent of potential first-time homebuyers intend to use the FHSA in 2025, up from 52 per cent in 2023.
Toronto approves down payment help for higher earners
Toronto councillors have greenlit changes to their affordable home ownership strategy that will allow assistance for higher-income earners, in recognition that city hall was continually falling short of its own targets.
Questions remain about Toronto’s 'public builder model'
VIDEO: Toronto is back in the home-building business as the city breaks ground on one of its first supportive housing sites. But questions about the viability of the project remain as funding requests remain tied to upper levels of government.
CRA to use income verification tool to stop mortgage fraud
The Canada Revenue Agency (CRA) will soon launch a new income-verification tool to help combat mortgage fraud. Equifax Canada said fraud rates in mortgage applications increased 9.9 per cent in Q4 2023 compared to Q4 2022.
Canada's rent growth slows in 2024
It has been a year of moderation for Canada’s rental market as rent prices slowed in most large urban centres. While rising vacancy rates and increased supply offered some relief for tenants, regional disparities continued to define the market.
Companies named in rent-fixing lawsuit dispute software use
A proposed class-action lawsuit alleges multiple building owners and property managers “conspired” to control rents across Canada using an algorithmic software called YieldStar. Several companies named in the proposed suit dispute their use of the controversial software.
Royal LePage COO to become Carson Dunlop CEO
Karen Yolevski, current Royal LePage COO, will assume the role of CEO at Carson Dunlop Home Inspections come January. During her time at Royal LePage, her portfolio included 21 corporately owned offices in Ontario, B.C. and Quebec.
110-year-old Edmonton apartment building listed for $3.5M
Annamoe Mansion, built in 1914, is located at 11950 100th Ave. in Edmonton's Oliver neighbourhood. The 3.5-storey brick walk-up, listed at $3.5 million, features nine studio suites, 12 one-bedroom and four two-bedroom units, and balconies for top-floor suites.
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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