Category Archives: Real Estate

Bank of Canada monitoring hot housing market amid early warning signs: Macklem

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up. Macklem says rising prices in particular for single-family homes are still

CREB: COVID-19, decreased demand for oil to hamper housing market in 2021

Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they’re likely still bound to be hampered by COVID-19 and reduced demand for oil, the city’s most prominent housing organization predicted Tuesday.  The Calg...

Ontario says crews can finish ongoing home renovations, but new projects are on hold

TORONTO — Ontario homeowners who haven't started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province's new construction rules. The rules are part of tightened COVID-19 restrictions filed Wednesday in

Ontario’s tighter rules allow builders to keep working on condos, other jobs

TORONTO — Ontario's new COVID-19 emergency measures don't prevent construction from continuing on many developments, including condos.  Residential Construction Council of Ontario president Richard Lyall said the exception is important because the prov...

Speculation tax increased long-term rentals in B.C., raised $88 million: ministry

VICTORIA — The Ministry of Finance says data from British Columbia's tax targeting property speculators shows it has helped increase the number of long-term rentals in the province. A statement from the ministry says details collected from speculation ...

Higher property values in B.C. prompt increase in 2021 homeowner grant

VICTORIA — A grant that helps British Columbia homeowners offset a portion of their property tax is being raised to reflect an increase in the assessed value of their homes. The Ministry of Finance says the threshold for the 2021 homeowner

B.C. housing market to remain vibrant through the new year: report

VANCOUVER — A company that supports hundreds of credit unions across Canada predicts British Columbia's housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. A report from Central 1, the organization that hand...

No easy solutions to complex problem of high condo insurance premiums: B.C. report

VANCOUVER — A Crown corporation that regulates British Columbia's private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors including risks that insurers face from earthquakes, wil...

Sonder to create 700 jobs in Quebec expansion with loan from the province

MONTREAL — Apartment-hotel company Sonder will expand its presence in Quebec by establishing an "international growth centre" in Montreal that should result in the creation of 700 jobs by 2025.The province is providing the company with $30 million thro...

Builders laud green grants, but warn that Liberal climate plan could hike home costs

The Liberal government’s new $15-billion climate action plan includes welcome incentives for green renovations, the Canadian Home Builders’ Association said Monday. But the CHBA also warned that regulators must be careful not to raise housing costs too...