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Hungerford launches $75M fund for Indigenous-led housing

2 days ago

Hungerford launches $75M fund for Indigenous-led housing

Hungerford Properties, an Indigenous-owned real estate firm, plans to finance the development of thousands of housing units in major Canadian urban centres with its Seven Generations Growth Fund capitalized with $75 million.

Why more recent immigrants are becoming homeowners

A rising proportion of recent immigrants are becoming homeowners, nearly catching up with the home ownership rates of their Canadian-born peers, says a new report from Statistics Canada which examined the trend.

Non-residents face limits on P.E.I. property purchases

P.E.I.'s  government is making it more difficult for non-residents to purchase multiple properties. An amendment to the Lands Protection Act will close a loophole that allowed non-residents to buy property as long as it's one acre or less. 

New 155-acre neighbourhood planned near Calgary

A new community is set to take shape in northwest Calgary after Qualico Communities Calgary secured 155 acres for a brand-new neighbourhood. The site was acquired in a land deal that closed on June 1.

Canada among world's most unaffordable housing markets

A new report has dubbed Canada one of the least affordable housing markets globally. The 2026 edition of the Demographia International Housing Affordability report assessed housing affordability in 96 major markets across eight countries.

Reverse mortgage market quietly grows to almost $11B

Reverse mortgages are one of Canada’s most debated financial products. They allow homeowners aged 55 and older to borrow against their home equity, with no payments required until they sell, move out or pass away. Their use has grown sharply.

Large mixed-use community planned for Winnipeg

The project, dubbed the Waters Urban Village, would transform 4.5 hectares of largely vacant land into a mixed-use neighbourhood. Plans by developers Terracon and Landmark Planning & Design call for about 2,946 housing units, a commercial town centre, parks and businesses.

Several factors drive down Edmonton detached home price

The median price of a detached home within the city of Edmonton rose 1.8 per cent in May versus a year ago to $532,000. Yet strong growth in household incomes and lower interest rates have helped offset the increase.

B.C. upzoning rules deadline looms

Some B.C. mayors are voicing their disapproval of the province’s ambitious housing plan as they race against time to update their community plans and bring them in line with legislation that requires municipalities to upzone single-family lots.

Mortgage borrowing slows, household debt burden rises

Canadians added mortgage debt at the slowest pace in two years in the first quarter, even as overall household leverage and debt payments continued to climb, new Statistics Canada data shows.

Century 21 Canada grows 39% in Quebec

Century 21 Canada has grown 39 per cent in Quebec in the last three years, and plans to extend that growth through 2027 and beyond. Since April 2023, the province has added six new franchisees and 14 offices.

Mario Lemieux's castle back on the market

The 17,000-sq.-ft., three-storey residence, dubbed the "Fleur de Lys Castle," has recently been listed for $19,999,066, a nod to the number (66) worn by the star player during his career with the Pittsburgh Penguins.

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