Browsing: Real eState

B.C. NDP Leader David Eby proposes a 2% tax on finished condos left unsold for a year, targeting about 5,000 empty Metro Vancouver units worth some $4.4B.

Canada’s average asking rent fell 4.8% to $2,035 in August, the 23rd straight annual decline, with condo and secondary-market rents dropping the most.

Home sales slipped 0.7% in August as housing starts held near 229,000 and the Bank of Canada flagged inflation risk, leaving buyers weighing a rate hike.

Century 21 survey data shows Regina prices surging while Ottawa and Vancouver condos slide, revealing a growing regional divide in Canadian housing costs.

National housing starts stalled in August while building permits sank 17 per cent in July, CMHC and Statistics Canada data show, with Ontario leading the slide.

Parental mortgage co-signing has nearly tripled since 2004, and Equifax data shows Ontario homeowners’ missed payments are climbing right alongside it.

Sienna paid $560,000 a suite for a full Ottawa retirement home. Days later, a rival complex sold out of receivership, with a lender taking a loss.

National home prices rose just 0.6 per cent in August, but board data show Toronto and Vancouver falling while Ottawa and Winnipeg go the other way.

Ontario’s housing minister attended the groundbreaking for a 750-acre, 7,500-home project on a former air force base in Prince Edward County.

Canada’s foreign buyer ban lapses Jan. 1, 2027, with no replacement named. Data cited by a national law firm show its price impact was already small.