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Real Estate

Ontario and British Columbia headed for a buyer's market, RBC says

Ontario and British Columbia headed for a buyer's market, RBC says

TORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says. The report released Thursday said those purchasing real estate in Ontario and B.C.
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CMHC reports annual pace of housing starts edged lower in November

CMHC reports annual pace of housing starts edged lower in November

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November edged down 0.2 per cent compared with October.
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National average rent rose to a record $2,024 in November: Rentals.ca

National average rent rose to a record $2,024 in November: Rentals.ca

MONTREAL — The average monthly cost to rent a home in Canada rose to a record $2,024 in November, new data shows, and experts say this trend is showing no signs of stopping.
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CREA reports home sales in typically busy September continued to slow

CREA reports home sales in typically busy September continued to slow

The Canadian Real Estate Association (CREA) says the country's housing market continued to slow in September — a stark contrast from the flurried pace of sales the fall usually delivers. The association said Friday that September sales were down 3.
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Housing sales drop in qathet region

Housing sales drop in qathet region

“With low volume and high new listings to the market, we are starting to see prices retreat." ~ Neil Frost, president, Powell River Sunshine Coast Real Estate Board
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Pressure building on construction industry bottom lines

Pressure building on construction industry bottom lines

Inflation costs, supply chain logjams, labour shortages delaying needed development
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