Real Estate

Trade tensions between Canada and the United States have many Canadians that own U.S. property weighing a sale of their home south of the border due to the economic policies of U.S. President Donald Trump‘s administration.

Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn’t on track to do that, the Parliamentary Budget Officer said in a new analysis published on Tuesday.

Housing prices across Canada remain prohibitively high for many would-be homebuyers, and one expert says that’s partly due to Canadian seniors holding on to their homes longer than they did in the past, exacerbating a nationwide supply shortage.

The province’s real estate watchdog is immediately freezing iPro Realty Ltd.’s funding as it probes the Toronto-area brokerage for its multi-million-dollar shortfall.

In 1996, Harjinder Cheema purchased a 4.3-acre property on 152 Street in Surrey. He paid $690,000 for the site, which included a modest, one-storey home with a finished basement, and was zoned for agricultural use.

A Vancouver Island real estate agent will pay a $20,000 penalty for misconduct after failing to investigate if an oceanfront home was on an Indigenous archaeological site.

A national housing promise is breaking ground in P.E.I., where a $20-million federal loan is helping build 60 new rental units in Stratford.

A decision ordering a developer to pay pre-sale condo buyers more than $13 million in damages for breach of contract has been overturned on appeal, with the high court dismissing the case entirely.

The rent-versus-buy debate has long divided financial experts and aspiring homeowners, with no clear winner in sight.

Ontario Premier Doug Ford says the province is putting $1.6 billion more toward funds for municipalities to help them get housing built.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in July rose four per cent compared with June.

The Canadian Real Estate Association says home sales in July rose 6.6 per cent compared with a year ago, continuing an upward trend after the market had slowed in previous months.

A Toronto-area real estate brokerage is no more after the province’s industry watchdog said that it discovered a 'significant shortfall' in its accounts.

A survey shows 34 per cent of renters spend more than half of their income on rent, even as the rental market has cooled off recently.

RBC is predicting Ontario housing prices to decline, the bank says “prospective buyers are re-entering the market as economic fears ease and lower interest rates gain traction.”