Housing
Federal budget pledges billions for housing, extends foreign buyer ban
The government will add $13 billion to a housing agency and extend a ban on foreign residential property purchases.
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Housing
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Vancouver's new Green-led council sworn in with housing platform focus
Pete Fry was elected mayor, leading a council dominated by Greens and COPE after ABC Vancouver lost its supermajority.
Housing
Canadian mortgage arrears double from 2022 low but remain among G7's lowest
The share of homeowners seriously behind on payments has risen to 0.29 per cent, though Canada still has the second-lowest rate among G7 nations.
Housing
Canada's housing affordability gap could take decades to close, analysis shows
A policy professor says earnings would need 26 years to catch up to current home prices nationally, and far longer in Ontario and B.C.
Housing
Toronto condo buyers choose to merge units for more space
The developer says the trend is a response to a market where end users, not investors, are now the main source of demand.
Housing
Young couples fall short of qualifying for homes in most major cities
The median-income couple under 35 cannot qualify for a mortgage on a benchmark-priced home in almost every major Canadian city.
Housing
Bank of Canada rate hike deepens uncertainty for Toronto housing market
Real estate experts warn higher borrowing costs are keeping buyers on the sidelines as sales and prices decline.
Housing
Bank of Canada raises key interest rate to 2.5 percent
The central bank increased its policy rate for the first time in over three years to combat inflation.
Housing
Canadian home prices fall in eight provinces, led by Nova Scotia
Only Prince Edward Island saw a price increase last month, while Nova Scotia posted the largest monthly decline.
Housing
Mortgage delinquencies in Ontario to keep rising until mid-2027, CMHC says
The national housing agency says delinquency rates in Ontario are nearing levels not seen since 2008, with Toronto facing persistent stress.
Housing
Kelowna commercial real estate market steady as investors focus on retail fundamentals
Investor interest remains strong but cautious, with multi-tenant retail attracting the greatest attention, according to a new report.
Housing
Echo Drive redevelopment plan delayed past Ottawa election
A proposal to replace a four-storey building with a six-storey one will not go to Ottawa's planning committee until after the Oct. 26 vote.
Housing
Pembina Institute says EV investment welcome but emissions freeze hurts affordability
The group says delaying stronger pollution standards to 2029 makes the federal goal of 75% electric vehicle sales by 2035 nearly impossible.