Real Estate

Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.

A notorious real estate bankruptcy involving more than 400 properties in northern Ontario is inching toward a conclusion.

A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines.

Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.

Prime Minister Mark Carney has announced that his government will eliminate the Goods and Services Tax (GST) for first-time homebuyers to address Canada’s housing crisis.

The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the hit other companies could take as part of its downfall.

Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States, the Canadian Real Estate Association said on Monday. 

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed four per cent compared with January.

After the Bank of Canada cut the interest rate for the seventh time in a row Wednesday, experts say that’s good news for people looking to buy or sell a home in Canada.

One mortgage broker says the latest rate cut by the Bank of Canada will benefit homeowners with variable mortgages, but the economic impact of U.S. tariffs could fuel mortgage competition among lenders, weighing on home prices in Ontario.

The British Columbia Real Estate Association says tariff uncertainty has slowed housing activity.

Average asking rents across Canada fell year-over-year for the fifth straight month in February to $2,088.

Montreal-area home sales rose 7.4 per cent in February compared with the same month a year ago amid a “rapid absorption of active listings.”

Canada’s building industry says a trade war with the United States will slow down the pace of home construction.

The Calgary Real Estate Board says home sales in February fell 19.3 per cent from last year but remained above typical levels for the month.