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High costs remain renters' key barrier to home ownership: Royal LePage
High costs remain renters' key barrier to home ownership
Most renters in Canada do not see themselves buying a property during the next two years, but of those who do, personal savings remain the most popular option for a down payment, a survey from Royal LePage has found.
Growing inventory gives homebuyers an edge
Sellers holding out for lofty prices in real estate markets around Ontario are seeing their ambitions crumble in many cases as listings continue to swell.
Rate cut has almost no effect on Toronto housing market
For months, experts and economists debated the impact of the first Bank of Canada interest rate cut, with a large camp thinking buyers would return to the market. But two weeks later, the drop seems to have had little effect.
Vancouver housing is 'impossibly unaffordable': report
Vancouver ranks as one of the least affordable places to live, according to the 2024 Demographia International Housing Affordability Report, a long-running report on housing affordability among a collection of wealthy nations.
Have interest rates forced Canadians to sell their homes?
A survey from real estate website Wahi found 11 per cent of homeowners planning to sell are doing so because of cost of living, while 37 per cent are looking to downsize and 25 per cent are looking to upsize.
Montreal hits cost of living sweet spot
Montreal has found balance between offering a great quality of life for a relatively low cost, according to Mercer's 2024 cost of living report. Montreal ranked 118th in the world for cost of living but 20th for quality of life.
Red tape won't fix Quebec's housing crisis: study
The solution to tackling the housing crisis does not lie in fewer regulations to stimulate residential construction, suggests a new study from the Institut de recherche et d’informations socioéconomiques. Researchers concluded that the industry has thrived under existing rules.
The societal impacts of Canada's housing crisis
COLUMN: We all know Canada is experiencing a housing crisis. Did you know that we are also facing a population crisis? Based on internal birth rates alone, our population is actually on the decline.
Government appoints new CEO and board chair at CMHC
Canada’s Housing, Infrastructure, and Communities Minister Sean Fraser has announced the appointment of Coleen Volk as the new chief executive of Canada Mortgage and Housing Corporation (CMHC), and Don Iveson as the chair of the board.
P.E.I. leads Atlantic housing boom in May: CMHC
Canada Mortgage and Housing Corporation (CMHC) statistics show P.E.I. leading with nearly 10 times as many housing units started last month, versus May of 2023. CHMC says the actual urban housing starts in P.E.I. jumped from 14 to 134 units compared to the same month last year.
Stats show P.E.I.'s real estate market starting to turn around
VIDEO - After a quiet couple of years for the island's real-estate market, things may finally be turning around. The P.E.I. Real Estate Association says the number of new listings rose by nearly 30 per cent in May.
N.S. offering land for affordable housing. What's the catch?
Nova Scotia's Land for Housing Program has been billed as a way to create affordable housing by offering up provincial lands to non-profits or developers for a low fee. But it is drawing criticism for not removing red tape.
How much you need to earn to buy a home in Ottawa
A new report from Ratehub.ca shows the average income required to buy a home in the capital in May was $132,060. In May 2023, the average income required to buy a home was $130,000.
Sales of Edmonton's million-dollar homes hold steady
Edmonton has seen nearly 8,500 residential sales for the year, according to recent data, but just 125 have topped $1 million, with 95 of those in the $1-million to 1.5-million range, according to one industry veteran.
Valor loses brokerage license for forgery, fake documents
Ontario's financial regulator, the Financial Services Regulatory Authority, has revoked the mortgage brokerage licence of Valor Financial Corp., due to repeated instances of forgery and falsification of documents by its principal broker, Ian Vilafana.
$150K provincial grant to help Burnaby deliver homes faster
Burnaby is one of 38 communities across British Columbia to be benefactors of a six-figure grant that the provincial government says will help speed up the delivery of homes. A total of $150,000 has been allocated for the city.
Victoria property owners fight short-term rental rules
The West Coast Association for Property Rights launched legal action in B.C. Supreme Court in response to legislation that came into effect May 1 and bans most short-term rentals unless they are in an owner’s principal residence.
Average rents continue to fall in Hamilton
The average rent for a one-bedroom apartment in Hamilton fell again last month, with new tenants now paying less than they would have last spring. One-bedroom units cost an average of $1,806 a month in May.
Why is it so hard to find a 3-bedroom rental these days?
A recent CBC News analysis of more than 1,000 neighbourhoods across Canada's largest cities found the market is even more dire for people looking for multiple bedrooms — typically, families. That leaves many families cramped in smaller units.
‘I live in hell’: Anti-growth fervour grips U.S. South
Local groups are pushing for restrictions on new developments, saying an influx of residents has strained resources. In Gallatin, Tenn., house prices have jumped by two-thirds since the pandemic, and one commissioner incensed at homebuilding said she “lives in hell.”
Industry Events
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Canadian Home Building Association: National Fall Meetings
Oct 21 2024
to Oct 25 2024
Ottawa, Ontario
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Canada Real Estate Auction
Oct 22 2024
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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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Housing Central Conference
Nov 18 2025
to Nov 20 2025
Sheraton Vancouver Wall Centre Hotel, BC
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