Category Archives: Real Estate
Report on housing costs examines role for municipalities in easing affordability
VICTORIA — Municipalities across Canada face housing development constraints in their communities that could be eased through more co-operation between all levels of government, says a report by a local governance think tank. The report from the Instit...
Nova Scotia Realtors question whether tax on non-residents will ease housing shortage
HALIFAX — New tax measures aimed at non-resident property owners announced in Tuesday's Nova Scotia budget are sending the wrong message, Realtors in the province say. As of Friday, non-residents who buy a property and do not move to the province
Cooling-off period to provide homebuyer protection in hot market, says minister
VICTORIA — Homebuyers in British Columbia will soon be protected by provincial regulations that include a cooling-off period that allows time to back out of a real estate agreement, the provincial finance minister says. The Property Law Amendment Act ...
Colliers, Norton Rose exit Russia as Couche-Tard suspends operations in the country
Alimentation Couche-Tard Inc. says it is suspending its operations in Russia, effectively immediately, while Colliers International and North Rose Fulbright are ending their businesses in the country citing the increasingly brutal invasion of Ukraine C...
B.C. prepares to remove some housing approval powers from local governments: minister
VICTORIA — The British Columbia government is considering taking away some of the permit powers municipal governments have to approve housing construction in an effort to get more homes built in the province, the housing minister says. David Eby, who's...
Downtown populations climbed faster, though pandemic hampered rate of growth: census
TORONTO — When Mark Garner looks around downtown Toronto all he sees is growth. At Yonge and Gerrard streets, the executive director of the Downtown Yonge Business Improvement Area watches the lobby of the 80-storey Aura condos — the country's tallest
Ontario housing task force recommends ways to boost supply
TORONTO — Ontario needs to quickly and aggressively build more homes to address the province's housing crisis, by increasing density, and limiting consultations and appeals, expert advisers said Tuesday. A housing affordability task force convened last...
Ontario Premier Doug Ford holds meeting on rural, remote and northern housing issues
Ontario Premier Doug Ford met Sunday with leaders of rural, remote and northern communities to discuss their housing challenges as issues of rapid price growth and lack of supply are felt far beyond urban borders. The talks came after the premier
Ford holds housing summit, promises funding to help municipalities cut red tape
TORONTO — Ontario's largest communities will get new funding to help speed up development approvals, Premier Doug Ford announced as he hosted a housing summit Wednesday, but the municipal leaders he met with say much stronger action is needed. Ford sai...
Report says tax on $1M+ homes could be key to making housing more affordable
VANCOUVER — An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says. Paul Kershaw, founder of Generation Squeeze and author of the report published Wednesday with input from 80 exp...