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Canadian Real Estate | Latest News and Updates

Real Estate in Canada

Chinese Mega Cities Loosen Homebuying Rules as Aid Spreads

  • (Bloomberg) -- Three of China’s biggest cities have rolled out major easing for homebuyers, as local authorities follow through on the central government’s aid for the embattled property sector. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarMortgages Stuck Around 7% Force Ra

Videos — Real Estate

Housing Demand Is Strong Despite Mortgage Rates at 7%, Reffkin Says

Robert Reffkin, Compass CEO, says housing demand is still rising despite mortgage rates that are hovering around 7%. He speaks on "Bloomberg Markets."
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Real estate news across Canada

  • NewsThe Canadian Press

    Manitoba government plans new rules for rent increases and incentives for new housing

    WINNIPEG — Some Manitoba landlords may have a harder time raising rents above inflation and could be ordered to phase-in increases over years if a bill introduced Thursday by the Manitoba government becomes law.

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  • BusinessBloomberg

    Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt

    (Bloomberg) -- For the first time since the financial crisis, investors in top-rated bonds backed by commercial real estate debt are getting hit with losses.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsStocks Join Bonds in Falling as Fed-Cut Bets Wane: Markets WrapIsrael to Restart Gaza Talks After Hostage Video Sparks OutrageSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationBuyers of th

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  • BusinessBloomberg

    US New-Home Sales Declined in April, Restrained by High Rates

    (Bloomberg) -- Purchases of new homes in the US declined last month as buyers were deterred by high prices and mortgage rates. Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsStocks Join Bonds in Falling as Fed-Cut Bets Wane: Markets WrapIsrael to Restart Gaza Talks After Hostage Video Sparks OutrageCiti Trader Got 711 Warning Messages Before Sparking Flash CrashNew single-family home sales decrease

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  • BusinessThe Canadian Press

    U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

    WASHINGTON (AP) — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month.

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  • BusinessCBC

    Inflation in Alberta is falling but rent increases highest in country, new CPI report says

    Alberta saw the largest, year-over-year increase in rental prices in Canada last month, according to the latest Consumer Price Index report released by Statistics Canada.Compared with the same period last year, the price of newly listed rentals in Alberta rose by 16.2 percent.The hike comes as the country's Consumer Price Index (CPI) continues to decelerate, dropping to 2.7 per cent in April from 2.9 per cent in March, driven largely by food prices, services and durable goods.While inflation nat

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  • BusinessBloomberg

    US Existing-Home Sales Unexpectedly Fall, Prices Stay High

    (Bloomberg) -- Sales of US existing homes unexpectedly fell for a second month in April, adding to evidence that the resale market is struggling for traction amid near-record prices and high borrowing costs.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashNvidia Forecast Shatters Estimates as AI Boom Stays StrongOne Dead After Singapore Air Flight Hit By Severe TurbulenceContract closings decreased 1.9%

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  • NewsCBC

    City of Edmonton says new tax is cleaning up derelict properties

    Dozens of homes across the city have been cleaned up, according to the City of Edmonton.Officials said that's thanks to creating a new tax subclass which slaps derelict properties with a property tax rate about three times higher than the average residential property. City council approved the new tax on derelict homes in October — the first of its kind in Canada."More than 15 per cent of the roughly 300 properties we originally identified last fall as in a derelict state have been cleaned up,"

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  • NewsCBC

    Rents in New Brunswick increasing 4 times faster than target set by province

    Ten months after the New Brunswick government unveiled a plan to rein in high rent increases in the province for tenants, figures show the escalation has been worsening, not improving.That is adding pressure on the province to attack the issue more aggressively, with New Brunswick's minister in charge of housing already acknowledging measures taken so far to combat rising rents are not helping tenants enough."We are discussing everything related to rent," Housing Minister Jill Green said in the

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  • BusinessCBC

    Housing start numbers weak in province, worse in Ottawa

    Ottawa builders are off to a slow start breaking ground on new homes this year, according to new data from the Canada Mortgage and Housing Corporation (CMHC).There were 331 housing starts within the City of Ottawa last month, compared to 908 in April of last year — a drop of 64 per cent. In urban areas of Ontario as a whole, the downturn was 37 per cent over that period.For the Ottawa census metropolitan area, which groups the city with surrounding communities like Carleton Place, Ont., and Russ

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  • BusinessBloomberg

    China Banks Rush to Offer Loans for State Buying of Unsold Homes

    (Bloomberg) -- China’s mega banks are urging branch managers to lend to state-owned companies that buy unsold homes, offering a quick show of support for the government’s housing rescue package unveiled last week.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week

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