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Real Estate in Canada

Home Prices in US Hit Record High, Erasing Recent Decline

  • (Bloomberg) -- Home prices in the US climbed to a record high as the market bounces back. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023Costco Offers Members $29 Online Health Care VisitsA national gauge of prices rose for a sixth straight month

Videos — Real Estate

Freeland confident that lifting GST on rental construction will increase housing supply

Speaking in the House of Commons on Monday after introducing Bill C-56, the Affordable Housing and Groceries Act, Deputy Prime Minister Chrystia Freeland said she was confident that one of the pillars of the act – lifting the GST on rental construction – would help increase housing supply.
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Real estate news across Canada

  • NewsThe Canadian Press

    Massachusetts has a huge waitlist for state-funded housing. So why are 2,300 units vacant?

    Deb Libby is running out of time to find a place to live. Libby, 56, moved to Worcester, Massachusetts, four years ago, in part to be closer to the doctors treating her for pancreatic cancer. But the landlord wants her out by the end of the month and she can’t find anything else she can afford. She earns only a little more than minimum wage at a hardware store and often has to take unpaid time off because of health problems. Libby thought she found a potential solution nearly a year ago: She app

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  • BusinessBloomberg

    US Existing-Home Sales Fall to Seven-Month Low on Rates, Supply

    (Bloomberg) -- Sales of previously owned US homes declined in August to the lowest since the start of the year, restrained by limited inventory and historically high mortgage rates. Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets WrapCisco to Buy Splunk for $28 Billion in Giant A

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  • BusinessCBC

    Buying a house costs a lot less in Edmonton than Calgary. Why is that?

    Three hours on Alberta's QEII highway can make a $200,000 difference in the price of a home.If you want to own a detached house in Calgary, average prices are currently just shy of $700,000.Three hundred kilometres north, similar properties in Edmonton will run you a bit less than $500,000, on average.And if you're a renter, you can expect to shell out $2,150 per month for a two-bedroom apartment in Calgary. In Edmonton, monthly costs have been rising, but they're still roughly $500 less, accord

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  • BusinessBloomberg

    Google Recruiting Propels Zurich Home Prices Past London, Paris

    (Bloomberg) -- Zurich has become one of Europe’s hottest housing markets, with prices surging past London and Paris and showing how local shortages can offset interest rate hikes.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsCisco to Buy Splunk for $28 Billion in Giant AI-Powered Data BetIt’s Going to Be More Expensive to Visit Iceland

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  • BusinessBloomberg

    Hundreds of Buyers Queue Up for Dubai's $5 Million Palm-Island Homes

    (Bloomberg) -- Hundreds of buyers scrambled to snap up luxury homes on the largest of Dubai’s palm-shaped islands where villas are going for 10 times the price of when the project was launched — but never built — two decades ago.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaDollar Rally Is Crushing One of the Most Popular Trade

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  • NewsCBC

    P.E.I.'s 3% rent hike cap for 2024 gets flak from both landlords and advocates

    Neither landlords nor housing advocates are happy with P.E.I.'s newly announced rental cap for 2024.Next year, landlords can raise rents for housing units by a maximum of three per cent without having to go through the Island Regulatory and Appeals Commission, as long as they give tenants three months notice.Landlords can then apply for another three per cent increase, so some Islanders may end up paying six per cent more for rent in 2024 than they did this year.Rosalind Waters with the P.E.I. F

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  • BusinessBloomberg

    US Housing Starts Drop to Lowest Since 2020 While Permits Rise

    (Bloomberg) -- New US home construction dropped in August to the lowest level since June 2020, highlighting the toll of declining housing affordability.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College RankingsResidential starts decreased 11.3% last month to a 1.28 million annualized rat

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  • NewsCBC

    Laneway homes coming to Burnaby as city tries to battle housing crisis

    Laneway homes will soon be popping up across Burnaby, B.C., thanks to a change in the city's zoning bylaws.For Jacqueline Dupuis, executive director of Aunt Leah's Foundation, news of city council's decision and the opening of permit applications on Monday, is a welcome relief. The organization, which provides housing to young mothers and women who've been involved in the foster care system, has plans to build a laneway home behind one of its existing multi-family houses in Burnaby. In anticipat

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  • BusinessCBC

    Rent is going up faster in Brampton than any other Canadian city, data shows

    It took Chamanpreet Kaur three months to find an apartment in Brampton, and she wasn't searching for something newly built or with extra bathrooms.The York University international student finally found a place, but it's a basement and she has two roommates. Together, they pay $2,000 plus $140 for utilities. Kaur says by the time she pays her share of rent she's left cutting back on basic necessities, including her groceries."That's the worst part," she told CBC Toronto."Only friends and family

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  • NewsCBC

    B.C. premier launches one-stop permit website to expedite home builds

    B.C. Premier David Eby says a new website, now online after being announced in January, will reduce the wait time for provincial permits by about 60 days for home builders. Eby, along with Housing Minister Ravi Kahlon, announced the Single Housing Application Service (SHAS) Monday at a news conference in Richmond along with Minister of Water, Land and Resource Stewardship Nathan Cullen and local MLA Aman Singh.The province oversees permits for water licences, contaminated site clean-ups and road

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