Canadians are flocking to the country’s more affordable housing markets in search of new homes, a trend that helped to push prices higher last month.

The Ontario government is planning to introduce new policies that would let home sellers disclose information about competing purchase offers on their home.

Since the COVID-19 pandemic began in March 2020, Canadian home prices have experienced significant upward momentum, a trend that is expected to continue into the spring market.

Last month, the number of housing units kicking off construction trended lower across the country.

Vancouver’s South Cambie neighbourhood could be the future site of a 60-unit residential development that was recently proposed near West King Edward Avenue and Cambie Street.

The number of homes bought and sold across Canada dropped between February and March, an early indicator that the market could be showing signs of cooling down.

A major housing bill aimed at speeding up development timelines and boosting housing supply in Ontario through “near-term solutions and long-term commitments,” has been given royal assent.

One expert points out that the budget’s spending will only bridge some of the gap between the pace of homebuilding and the annual amount of desperately-needed supply.

Buyers browsing for homes online may soon be able to keep track of purchase offers made on properties by the minute.

All small markets analyzed in RE/MAX Canada’s report will see prices climb within the average range of three per cent to 20 per cent in 2022 thanks to low inventory and growing demand.

Peel Region could be the next municipality to implement a Vacant Home Tax in an effort to make more housing available.

Canada’s luxury real estate market reported a robust Q1-2022 thanks to rising consumer optimism and economic revitalization, trends that have supported soaring sales for high-end condos.

In its third policy interest rate announcement for 2022, the Bank of Canada has raised its target for the overnight rate by 50 basis points to one per cent, the largest increase in 22 years.

Last month, upwards of 11,400 homes traded hands across British Columbia, but levels have fallen from record highs set in March 2021.

The City of Toronto and the Ontario government have partnered up to build transit-adjacent developments, known as transit-oriented communities (TOC), along five Ontario Line stations.

The number of multiple-property owners who hold onto homes for investment or rental income possess a significant chunk of the housing supply, according to newly-released information from Statistics Canada.