Toronto-area home sales fall in April as buyers wait out trade uncertainty: board
Home sales in the Greater Toronto Area were down 23.3 per cent in April amid continued uncertainty over the economy, as prices fell for the third month in a row.
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Home sales in the Greater Toronto Area were down 23.3 per cent in April amid continued uncertainty over the economy, as prices fell for the third month in a row.
In Canada’s largest housing market, the number of unsold condominiums keeps rising.
Marv Gandall says living in one of Victoria’s largest residential buildings a year ago meant a parade of people with suitcases, stuffed visitors parking and slow elevators.
The BC Real Estate Association reports that the benchmark price for a single detached home in greater Vancouver is $1.8 million, the highest in Canada, making home ownership out of reach for many people who live there.
Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.
Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo.
A notorious real estate bankruptcy involving more than 400 properties in northern Ontario is inching toward a conclusion.
A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines.
Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.
Prime Minister Mark Carney has announced that his government will eliminate the Goods and Services Tax (GST) for first-time homebuyers to address Canada’s housing crisis.
The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the hit other companies could take as part of its downfall.
Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States, the Canadian Real Estate Association said on Monday.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed four per cent compared with January.
After the Bank of Canada cut the interest rate for the seventh time in a row Wednesday, experts say that’s good news for people looking to buy or sell a home in Canada.
One mortgage broker says the latest rate cut by the Bank of Canada will benefit homeowners with variable mortgages, but the economic impact of U.S. tariffs could fuel mortgage competition among lenders, weighing on home prices in Ontario.
The British Columbia Real Estate Association says tariff uncertainty has slowed housing activity.