Real Estate

Average asking rents across Canada fell year-over-year for the fifth straight month in February to $2,088.

Montreal-area home sales rose 7.4 per cent in February compared with the same month a year ago amid a “rapid absorption of active listings.”

Canada’s building industry says a trade war with the United States will slow down the pace of home construction.

The Calgary Real Estate Board says home sales in February fell 19.3 per cent from last year but remained above typical levels for the month.

The Canadian Real Estate Association says home sales in January were up 2.9 per cent compared with a year earlier, but noted that fell off at the end of the month.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December.

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 36 per cent year-over-year in January.

Canada Mortgage and Housing Corp. is forecasting a rebound in sales and prices this year as homebuyers take advantage of improved borrowing conditions.

Average asking rents across Canada hit an 18-month low in January, declining 4.4 per cent on an annual basis to $2,100.

The number of homes that changed hands in the Vancouver area rose again last month, but the city’s real estate board says new listings outpaced demand.

Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.

A B.C. Realtor has been ordered to pay more than $285,000 to his former neighbours after using money they thought they were investing with him to instead purchase a house for himself.

Commercial real estate still faces headwinds after the Bank of Canada’s move to lower interest rates, according to some experts, with others expecting the move to spur increased transaction activity.

A B.C. Realtor has been ordered to “disgorge” his portion of a more than $1.2-million profit he received from the sale of a home that he purchased himself after one of his clients made two failed offers on it.

Heading into 2025, economists and real estate agents believe activity is poised to remain strong amid much lower borrowing costs and more favourable rules for buyers, despite an overall challenging affordability picture.