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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
Real Estate in Canada
Hong Kong Relaxes Mortgage Rules to Bolster Property Market
- (Bloomberg) -- Hong Kong eased its mortgage rules to allow homebuyers to fork out lower downpayment, aiming to address a prolonged property slump in the city.Most Read from BloombergHow Mexico City Averted All-Out DroughtInside the ‘Utopias’ of Mexico CityDubai’s Allure to Expats Is Weighing on City’s InfrastructureMexico Seeks to Halve Permitting Time to Attract More FactoriesWhat It Takes to Make City Solutions Go ViralThe loan-to-value (LTV) ratio for all residential properties will be set at
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Apartment residents return to an uncertain future following Milton's damage
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Real estate news across Canada
- BusinessBloomberg
China’s Home Sales Jump During Holiday as Cities Offer Perks
(Bloomberg) -- China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have
- NewsCBC
Amherst, Cumberland County sign land deal for residential development
Two municipalities in northern Nova Scotia are collaborating on a new residential housing development.The Town of Amherst and the Municipality of Cumberland County have signed an agreement to make a parcel of land in the Brookdale area the full property of Amherst.Officials say the deal will allow for the development of the property under one set of regulations. Without the deal, development would have been complex as the property straddles the border between the two municipalities."We get appro
- NewsCBC
City of Edmonton approves tax program to prompt owners to clean up derelict properties
In an effort to get owners to clean up derelict properties, the City of Edmonton has approved a prorated tax forgiveness program.Cate Watt, branch manager of assessment and taxation with the city, told media Wednesday that the program is intended to incentivize property owners on top of a new tax subclass which slaps derelict properties with a property tax rate about three times higher than normal.The new tax subclass, which applies to dilapidated or unlivable homes in mature neighbourhoods, inc
- NewsCBC
More than 7,000 people waiting for public housing in N.S., but agency says vacancy rate improving
The head of the agency responsible for overseeing and managing public housing in Nova Scotia told a legislature committee Wednesday it is doing all it can to free up units and create new ones quickly, although thousands of people remain on a waitlist for a place to live.Brian Ward, executive director of the Nova Scotia Provincial Housing Agency, said dedicated teams are managing turnover of the roughly 11,000 units provincewide and finding places for new units for the 7,020 people waiting for pu
- BusinessYahoo Finance Canada
Affordable rent out of reach for Canadian minimum wage earners nearly everywhere, report finds
"Tenants in Vancouver, Toronto, Victoria, Kelowna, Ottawa, Calgary, and Hamilton cannot afford a two-bedroom unit even with the combined income of two full-time minimum-wage workers."
- BusinessYahoo Finance Canada
'Powerful gains': Canadian home sales should rebound, but so should prices, TD says
Falling interest rates, stronger economic growth, and changes to mortgage rules mean "conditions are in place for a solid pickup in resale activity."
- BusinessBloomberg
Pending Sales of Homes in US Creep Up as Borrowing Costs Drop
(Bloomberg) -- US pending home sales ticked up in August from a record low, as falling mortgage rates encouraged some buyers to dip a toe into the market. Most Read from BloombergVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCWhere Cargo Bikes Are Freeing Cities From Polluting VansExclusive Palo Alto Girls School Borrows $106 MillionWaiting for the Miracle of Church-to-Housing DevelopmentA measure of contract signings for
- NewsCBC
Halifax developer ordered to fix safety issues as tenants move belongings in to construction site
Tenants have begun to move their belongings in to a new 124-unit apartment building in Halifax while it is still under construction, prompting municipal officials to issue an order to comply for "several serious fire and life safety deficiencies."The building at 5858 Macara St., called The Elevation, is owned by Halifax developer BANC Group. Construction workers in hard hats and reflective vests could be seen working on various parts of the building Wednesday, as tenants wearing no personal prot
- BusinessBloomberg
US New-Home Sales Fell in August as Buyers Awaited Lower Rates
(Bloomberg) -- Sales of new homes in the US pulled back in August after a sharp increase in the prior month, as buyers remained patient amid steadily declining mortgage rates.Most Read from BloombergNJ Transit, Amtrak Trains Delayed After Derailment Near NYCExclusive Palo Alto Girls School Borrows $106 MillionWhere Cargo Bikes Are Freeing Cities From Polluting VansEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentNew single-
- BusinessCBC
Drop in applications threatens future GTA housing supply: report
The construction of new homes is not keeping pace with population growth across the Greater Toronto Area and housing affordability continues to worsen, says a new report commissioned by a group representing the region's building industry — and the data shows the problem could get even worse.The 2024 municipal benchmarking study, released Wednesday, found a decline in development applications for new projects threatens the region's future housing supply.The number of applications fell to 1,225 in
