Category Archives: Real Estate
Romy Bowers to succeed Evan Siddall as CMHC CEO in April
OTTAWA — The Canada Mortgage and Housing Corp. says Romy Bowers will succeed Evan Siddall as its chief executive beginning next month.Previously an executive at Bank of Montreal, Bowers has been with the federal housing agency since 2015 and was
Romy Bowers named new head of CMHC, will succeed Evan Siddall in April
The Canada Mortgage and Housing Corp. has chosen Romy Bowers to succeed Evan Siddall as its chief executive next month. Previously a managing director at Bank of Montreal, Bowers has been with the federal housing agency since 2015 and was most
B.C. to extend rent freeze through 2021, increase protections against ‘renovictions’
VICTORIA — The British Columbia government says it will introduce legislative changes to extend a rent freeze through the end of the year, as well as stop illegal "renovictions" and improve the dispute resolution process for tenants and landlords. The ...
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...