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GTA new housing sales hit 'rock bottom' record low: BILD

4 days ago

GTA new housing sales hit 'rock bottom' record low: BILD

February new home sales in the Greater Toronto Area (GTA) were the lowest on record, plunging 50 per cent from last year and 84 per cent below the 10-year average, according to a homebuilding industry group.

Rec housing to show modest growth in 2025: Royal LePage

The Canadian recreational property market is expected to stay on the positive side in 2025, a Royal LePage market report says, despite the downward pressures of economic and political uncertainty.

Edmonton most builder-friendly in Canada: study

A report from the Canadian Home Builders’ Association ranked Edmonton first in Canada for facilitating home building. The city was found to have the best combination of low fees, shortest approval times and most helpful planning services among 23 municipalities.

Prefab units help to speed Toronto church conversion

To help pay for the residential conversion of Toronto's Bowden Street church, WoodGreen applied for rapid housing funding from the city and Canada Mortgage and Housing Corp., and then went in search of a “turnkey builder” experienced in prefabrication.

The end of Canada’s mortgage stress test?

In a shift that could reshape Canada’s housing market, the Office of the Superintendent of Financial Institutions is considering replacing the controversial mortgage stress test with a new portfolio-level approach to risk management. 

BMO tightens mortgage rules for some self-employed Cdns.

The Bank of Montreal (BMO-T) has tightened mortgage lending rules for self-employed Canadians in several industries vulnerable to U.S. tariffs, a move critics say adds new obstacles during a period of economic uncertainty.

Homebuyers, sellers in Toronto adjust to new playing field

The trade war and political turmoil between Canada and the U.S. has rattled consumers, economists say. But property deals are coming together in the Toronto core when both camps take a clear look at where prices are hovering today.

Towers not the answer to housing affordability crisis: critics

OPINION: In a highrise, less-appealing units are on the lower floors, and the most desirable units are on the top floors. Some towers even reinforce the divide, with separate entrances for lower and upper floors, colloquially known as “poor doors.”

Burnaby tenants move into 134 new below-market rentals

Residents are moving into a newly built six-storey development with 134 homes in Burnaby's Royal Oak neighbourhood. The homes are being rented at rates "affordable to households with low and moderate incomes," according to a city press release.

Montreal archdiocese launches real estate arm

As Montreal grapples with growing homelessness, the city's Catholic archdiocese is forming a new real estate arm it says will help ensure any redevelopment of church properties addresses “pressing community needs.”

Almost half of Canadian landlords say asking rent too low

The 2025 Canada Rental Market Trend Report surveyed hundreds of Canadian landlords and discovered nearly half feel their asking rent is lower than they prefer, and they aren’t able to cover expenses.

U.S. homebuilder sentiment hits 7-month low in March

U.S. homebuilder sentiment dropped to a seven-month low in March as tariffs on imported materials raised construction costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped three points, to its lowest level since August.

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