News

The Bank of Canada is scheduled to make its next rate announcement in a couple of weeks, and one bank is predicting that this will be the start of two back-to-back 50 basis point (bp) hikes to the overnight rate.

British Columbia has introduced a cooling-off period in order to protect home buyers, but some are not keen on the decision to do so.

Three key policy areas could stabilize the country’s housing market over the next five years, according to a new report.

If you’re looking to buy new, here is a breakdown of some of the pre-construction, under construction and newly-completed projects that will be located close to the 15 stops included in the Ontario Line.

Another condo project could be joining the mix thanks to development documents recently made available by the City of Vancouver.

Ontario says that it is cracking down on “unethical” condominium development practices through increased fines and penalties according to reporting from The Canadian Press.

New data findings from Properly show that Toronto home values have been driven up 21 per cent over the past two years.

In a publication note, Stephen Brown, senior Canada economist with Capital Economics, said that the surge in interest rate expectations is “a key risk to housing.”

Condo apartments account for most of the sales within Metro Vancouver these days, and prices for this property type are on an upward trend.

The benchmark price for a new single-family home in the Greater Toronto Area hit well over the $1.8 million mark in February.

The federal Liberal and NDP parties have reached a new collaborative agreement on mutual policy goals, including actions to make housing more affordable and accessible in Canada.

With home prices at a record-high in Canada, fewer buyers are feeling confident that now is the best time to jump into the housing market.

Two real estate developers have acquired an eight-acre site in the City of Burnaby to create a master-planned community that will deliver over 2,400 new homes.

As restrictions continue to be lifted and life slowly falls back into pre-pandemic routines, the sentiments of property purchasers are also changing again.

The cost of a new home in Canada has continued to rise for another month thanks to growing buyer demand in Alberta and higher construction expenses.

Vancouver’s quota of home sales and new listings so far this month hasn’t been as high as last year, an indication that there may be some rebalancing in the works.