Real Estate

A new report says prospective homebuyers see a potential window to strike a deal, but economic uncertainty is weighing on their decision.

Nineteen-year-old Ribal Zebian has built a modular home that he will live in for a year, to see if it could be a potential low cost housing option.

Condos are a popular choice for many first-time homebuyers owing to their lower price point and access to amenities such as gyms and pools.

New home sales continued to see an increase in the GTA last month following the introduction of a temporary break on HST but the gains appear to have leveled off as some homebuyers waited for clarity on how the program will actually be administered, a new report suggests.

Hopeful home buyers in Ottawa are lining up to scoop up real estate as quickly as possible, some even spending days outside to be the first ones in the door.

Ontario real estate brokerages will now be required to submit annual financial filings to the province’s industry regulator as part of a plan to “strengthen financial oversight” in the wake of the iPro Realty scandal.

Recent immigrants to Canada are increasingly becoming homeowners, with new data from Statistics Canada showing that homeownership rose between 2018 to 2021 even as rates declined among Canadian-born individuals.

The Canadian Real Estate Association says home sales in May were down compared with a year ago, but there was “meaningful upward momentum” month-over-month for the first time this year.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May fell six per cent compared with April.

Personal finance contributor Christopher Liew walks through how the mortgage renewal wave hits near-retirees differently, and the specific moves that keep it from pushing your retirement date back.

Canada’s housing agency says rental prices have fallen amid an influx of new completions and slower population growth, but demand in major cities is expected to grow in part due to improving affordability.

The Bank of Canada is warning that a wave of mortgage renewals within the next year or so could put some households under financial strain, with around 10 per cent of borrowers in Toronto potentially unable to refinance at renewal.

A new report says Canada could be poised for a slower-than-usual summer rental market as average asking rents for May were down approximately $100 from a year earlier.

Experts say there are a number of ways a scenario involving unpaid mortgages can play out, but knowing your rights as a tenant when the bank takes over is a critical first step.

Slashing municipal development charges could help spur building in some of Canada’s most expensive markets but those cuts wouldn’t be enough to fix the affordability gap on their own, according to a new analysis from the federal housing agency.