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Canadian Real Estate | Latest News and Updates

Real Estate in Canada

National home sales in February up nearly 20% compared with year ago

  • The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the "last relatively uneventful month of the year." The association said Monday the increase in part reflected weakness last year, as the result for February 2023 was one of the lowest for the month in the past two decades. It said current activity has also climbed back to only around five per cent below the 10-year average. On a month-over-month basis, seasonally adjust

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President Biden outlines policies to deal with housing crisis, prescription drugs

President Biden outlines policies to deal with housing crisis, prescription drugs
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Real estate news across Canada

  • BusinessCBC

    SaskEnergy launches rebate program for energy-efficient new homes

    A new rebate program is giving Saskatchewan homebuyers up to $9,000 for energy-efficient homes. On Friday, SaskEnergy launched the Homes Beyond Code Program that aims to help customers build new homes at higher energy efficiency levels than required by current standards. The program will give up to $9,000 for home buyers and $800 for home builders who construct new homes above Tier 2 of the National Building Code of Canada."These tiers represent significant improvements in the energy performance

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  • BusinessBloomberg

    Realtor Group Strikes $418 Million Deal to End Suits Over Commissions

    (Bloomberg) -- The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes.Most Read from BloombergApple Without AI Looks More Like Coca-Cola Than High-Growth TechUS Probing Indian Billionaire Gautam Adani and His Group Over Potential BriberyWhat Does the UAE Get for Its $35 Billion Investment in Egypt?Want to Be ‘Certified Crypto Expert?’ You Need 11 Hours and $229Two

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  • BusinessBloomberg

    A 39% Gain in Dallas Home Listings Signals Inventory Thaw in Parts of US

    (Bloomberg) -- Additional inventory is coming to the US housing market, especially in the South, and an increasing number of sellers are lowering their asking prices. Most Read from BloombergApple Without AI Looks More Like Coca-Cola Than High-Growth TechUS Probing Indian Billionaire Gautam Adani and His Group Over Potential BriberyWhat Does the UAE Get for Its $35 Billion Investment in Egypt?Want to Be ‘Certified Crypto Expert?’ You Need 11 Hours and $229A $2 Billion Airport Will Test Modi’s Mi

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  • US PoliticsThe Canadian Press

    Why are so many voters frustrated by the US economy? It's home prices

    WASHINGTON (AP) — Lori Shelton can't fathom ever having the money to buy a home — and that's a major reason why so many voters feel down on the economy ahead of this year's presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her apartment's security deposit. But it also cut into her next paycheck, leaving her bank account dangerously low when the rent was due — a cycle that never seems to end. “I'm always one step behind,” said S

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  • BusinessCBC

    CMHC says new home construction jumped 14% in February from previous month

    The pace of new home construction climbed 14 per cent in February compared to the previous month, Canada Mortgage and Housing Corp. said on Friday, but the industry continues to struggle under cost pressures.The national housing agency says the seasonally adjusted annual rate of new home construction — also known as housing starts — amounted to 253,468 units in February, compared with 223,176 in January.That was higher than the 230,000 units economists were expecting.When looking at year-over-ye

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  • BusinessCBC

    'It's crazy right now': House flipping surges to new heights in Calgary's red-hot real estate market

    House flipping in Calgary's red-hot real estate market has surged to the highest level of any major metropolitan area in the country, according to new data from the Bank of Canada.The latest statistics show 6.5 per cent of homes sold in the Calgary metropolitan area were resold within 12 months.That's the highest level in any major city at any point since at least 2014, which is as far back as the bank's public-facing data goes.The figures don't surprise Jayson Shmyrko, a Calgary-based real esta

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  • NewsCBC

    Okanagan couple faces fines, legal action over tiny home

    A B.C. couple is facing the threat of a $1,000 penalty and legal action if they do not remove their tiny home from their rural property near Peachland by the end of April. It's one of at least two cases in the Regional District of Central Okanagan (RDCO) where people living in unconventional homes are being pressured to remove their structures due to safety concerns — putting the homeowners in a situation where they'll need to find a new place to live in a region with few affordable housing opti

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  • NewsThe Canadian Press

    Renters have harder time accumulating wealth than homeowners: RBC economist

    TORONTO — Renters face daunting barriers in their attempts to build wealth as they're forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report Thursday. The report by economist Carrie Freestone adds to a growing body of research painting a stark picture of the wealth divide between renters and homeowners. It notes that since 2010, homeowners have seen their net worth grow from nine to 13 times household disposable income, while for renters, net w

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  • BusinessCBC

    Landlord says his tenants stopped paying rent months ago. But he's in limbo until case is heard

    Windsor, Ont., landlord Michael Portman says that while he's had his fair share of bad tenants over the last 10 years, it's never been this bad. About nine months ago, Portman says, his tenants stopped paying their rent. Since then, he's served the tenants several notices to end their tenancy, and they have also been served notices for allegedly damaging the unit, he says.But until the case gets heard at the Landlord and Tenant Board (LTB), there's not much Portman can do. He says he's had two h

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  • BusinessBloomberg

    Manhattan Apartment Rents Climb During Busy February for Leasing

    (Bloomberg) -- Manhattan apartment rents rose in February as a strong economy and tough sales market translated into a busy month for leasing.Most Read from BloombergPutin Says Ukraine Deal Requires Security Pledges for RussiaUS House Passes Bill That Would Force TikTok Sale or Ban ItUkraine Hits Third Russian Refinery in Escalating Drone StrikesAn $80 Billion Crash in India’s Small Caps Flashes Warning SignsEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryThe median rent on new

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