Mountain View Real Estate News

WeWork seeks bankruptcy protection in stunning fall for a firm once valued at close to $50 billion

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

Nov 7, 2023 7:38 AM Read more >

Cadillac Fairview shifts Montreal development project to rentals from office space

TORONTO — A real estate project that was slated to be office space in downtown Montreal will instead be built as rental apartments, Cadillac Fairview Corp. Ltd. said on Monday.

Nov 6, 2023 2:59 PM Read more >

QPAREB says Montreal home sales in October down 2% from year ago level

MONTREAL — The Quebec Professional Association of Real Estate Brokers say home sales in the Montreal area in October fell two per cent compared with the same month last year to their second-lowest level since it began compiling market data in 2000.

Nov 6, 2023 8:59 AM Read more >

RioCan REIT pauses new construction starts amid high interest rates

TORONTO — High interest rates and rising costs have pushed RioCan Real Estate Investment Trust to put a halt to starting any major new construction projects.

Nov 3, 2023 11:33 AM Read more >

Ontario housing starts up, but still far off needed levels for 1.5 million homes

TORONTO — Ontario's fall economic statement showed Thursday that projections for housing starts are up from what the province had expected when the spring budget was tabled, but still well short of the pace needed to build 1.5 million homes.

Nov 2, 2023 2:06 PM Read more >

Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

TORONTO — Greater Toronto home sales fell 5.8 per cent last month compared with October 2022, with sales of townhouses recording the biggest decline.

Nov 2, 2023 11:30 AM Read more >

Housing supply still outpacing demand in Vancouver market as sales increase

VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October home sales totalled 1,996, a 3.

Nov 2, 2023 10:21 AM Read more >

Calgary Real Estate Board reports 17 per cent increase in home sales for October

CALGARY — The Calgary Real Estate Board says the city saw 2,171 home sales in October, marking a 17 per cent increase compared with the same month last year and among the highest levels it has ever reported for October.

Nov 1, 2023 12:33 PM Read more >

Montreal police arrest 17 people for alleged real estate fraud worth over $5 million

Montreal police say they've arrested 17 people in connection with an alleged real estate fraud scheme worth more than $5 million.

Nov 1, 2023 9:13 AM Read more >

When a private mortgage is the ‘only game in town,’ having an exit strategy is key

As tougher lending requirements have more homeowners turning to the private mortgage market, brokers say having a strategy to eventually get out of the loan is crucial, or they risk falling into a debt trap that could eventually lead to a ‘For Sale’

Oct 30, 2023 5:41 AM Read more >