Real Estate News

OTTAWA — Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage while the job market proved to be stronger than expected.

Toronto will receive nearly half a billion dollars in housing funding from the federal government as part of an agreement announced Thursday that would see the city fast-track the construction of close to 12,000 additional units over the next three y

TORONTO — Alternative asset management firm TPG has acquired a 75 per cent stake in two Greater Toronto Area industrial business parks from developer Oxford Properties Group for $1 billion.

A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year. The data released Friday by Rentals.

TORONTO — Citing the "complicated" nature of pensions and need for all provinces and territories to weigh in, Finance Minister Chrystia Freeland would not provide a specific timeline for determining how much Alberta would be entitled to if it leaves

OTTAWA — The annual pace of housing starts in Canada fell 22 per cent in November as work began on fewer multi-unit projects, Canada Mortgage and Housing Corp. said Friday.

TORONTO — Home sales, prices and listings fell in November from a month earlier as many potential buyers and sellers hunkered down to wait for signs of relief on interest rates, the Canadian Real Estate Association said Thursday. Sales fell 0.

TORONTO — H&R Real Estate Investment Trust has signed a deal to sell a downtown Toronto property to George Brown College and Halmont Properties Corp. for $232.5 million. The property at 25 Dockside Dr.

TORONTO — Canada's banking regulator says it has left the stress test rate for uninsured mortgages unchanged.

VICTORIA — Nancy Paine's short-term rental business is dead in the water.