Real Estate News

OTTAWA — Federal Housing Minister Sean Fraser says a search is underway for a new CEO of Canada's housing agency after current leader Romy Bowers has said she's stepping down.

TORONTO — A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.

TORONTO — Ontario's big cities say they could lose out on millions of dollars in provincial funding for housing-related infrastructure due to factors beyond their control, unless the government makes a simple change to the criteria.

TORONTO — A new survey suggests the number of Canadians struggling with their monthly mortgage payment is on the rise, along with worries of potentially higher payments when it comes time to renew with their lender.

MONTREAL — Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice: whether to renew or refinance their home loan.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose eight per cent compared with August.

Wyndham Hotels & Resorts rejected an unsolicited $8 billion buyout offer from Choice Hotels, a smaller chain that sent a letter to Wyndham shareholders Tuesday after negotiations broke down.

TORONTO — As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.

The Canadian Real Estate Association has lowered its forecast for home sales and prices this year due to weakness in Ontario and B.C.

A new report by Rentals.ca and Urbanation says the average asking price for a rental unit in Canada reached $2,149 last month, marking an 11.1 per cent jump from the same period a year ago. The data, which analyzes monthly listings from the Rentals.