Topic
Canadian Real Estate | Latest News and Updates
The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada
Mortgages
Home prices
Videos — Real Estate
- 02:00
- 02:10
- 02:40
- 02:21
- 02:18
- 03:12
- 02:04
- 02:46
- 00:44
- 01:45
Real estate news across Canada
- BusinessCBC
February home sales dipped 3.1% while prices stayed flat, CREA says
February home sales dipped 3.1 per cent while home prices stayed flat from the previous month, according to the Canadian Real Estate Association (CREA).There have generally been higher levels of activity in the last three months then there were during the same period last year, according to CREA's report. Home sales in January, for example, jumped 22 per cent year over year.The number of newly listed properties rose 1.6 per cent month-to-month in February, with the national sales-to-listings rat
- BusinessThe Canadian Press
Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay artificially inflated costs to sell their homes. Under the terms of the agreement announced Friday, the National Association of Realtors also agreed to pay $418 million to help compensate home sellers across the U.S. Home sellers behind multiple lawsuits against the NAR and several major brokerages argued t
- BusinessThe Canadian Press
Home sellers are cutting list prices as spring buying season starts with higher mortgage rates
LOS ANGELES (AP) — More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual increase since May. In January, the percentage of homes on the market with price reductions was 14.7%. The share of home listings that have had their price lower
- 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
- 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
- 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
- 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
- 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
- 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
- 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