One-third of Metro Vancouver renters could be impacted by province’s transit development plans: research
From Western Investor
As B.C. fleshes out the details of its transit-oriented development (TOD) legislation, research is showing exactly who will be impacted most by the provincial government’s new housing initiative. Read more…
Government pledges to spur rental construction in tight market
From Western Investor
The federal government’s Nov. 21 fiscal update shows that it may not have its financial house in order, with deficits blooming as it pursues an ambitious social agenda, but it definitely has houses on order. Read more…
The Pros and Cons of New Homes in Canada
From Remax Blog
When considering buying a property, Canadians are increasingly interested in newly constructed homes. They like the idea of a freshly-built property fitted with modern amenities and designed for energy efficiency. A new home is like a blank slate, allowing you to shape it according to your needs and personal style. Read more…
Sizzling Cottage Market Showing Signs of Cooling. Here’s Why
From Remax Blog
Traditionally, cottage country had been an ecosystem of affordable recreational properties for both middle- and high-income families. Families would purchase a cabin in the woods or a waterfront home to visit throughout the year and enjoy the sights and sounds of nature and a quieter pace. In the aftermath of the first wave of the coronavirus pandemic, many Canadians transitioned to a work-from-home environment, no longer confined to the office landscape from Monday to Friday, 9 a.m. to 5 p.m., prompting a shift in many Canadian real estate markets. Read more…
How Are Recent Changes in the Ontario Real Estate Market Impacting Rentals?
From Remax Blog
In the first year or so of the coronavirus pandemic, the unthinkable happened: The rental market, from Toronto to Vancouver, collapsed. After years of meteoric growth for a typical one- or two-bedroom apartment in many of the major urban centres, the market cratered and tilted in favour of renters over landlords and property management firms. Indeed, there was a lot of reshuffling during this span, giving tenants an opportunity to find a better place and lock in lower rates amid price controls. Read more…
Navigating Toronto’s Condo Market: What You Need to Know
From Remax Blog
The Toronto real estate market is flooded with condominiums.
With single-family detached homes selling for north of $1 million, young families in North America’s fourth-largest city are choosing to purchase condo suites since they are still within reach. Even in this current climate, the demand for condos has remained strong while supplies have slipped over the past year. Read more…
A Look at the Kelowna Real Estate Market
From Remax Blog
Are higher interest rates killing demand in the Kelowna real estate market?
While industry observers are paying attention to the Canadian housing market and trying to determine how much rising mortgage rates – they clocked in at around six per cent in August and September – are impacting sales activity and prices, it is the local markets that could tell a better story of what is currently happening in the real estate sector. Read more…
Are Canada Home Prices Expected to Drop?
From Remax Blog
It has been a mixed year for the Canadian real estate market. The industry faced a tidal wave of challenges: rising interest rates, an economy that has slipped into a technical recession, depleted pandemic-era savings, and uncertainty in the housing sector. Read more…
TD doubles forecast for housing price drop amid ‘sudden surge in supply’
From Global News
One of Canada’s major banks is forecasting a steeper drop in home prices amid a “sudden surge” of supply in some real estate markets.
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