Real Estate News

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.

TORONTO — The national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space, according to a new report by Colliers Canada.

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday. On a non-seasonally adjusted basis, sales edged up 8.

TORONTO — Oxford Properties Group says it will spend $28 million to redevelop Yorkdale mall's main corridor and food court.

TORONTO — Canadian renters have long lamented the increasing prices they see landlords request of tenants, but in July, those totals hit a level unseen in the country's history. Data from Rentals.

TORONTO — Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.

TORONTO — Brookfield Asset Management Ltd. says it expects to raise a multibillion-dollar bundle of cash this year after boosting distributable earnings last quarter, even as net income fell by a third.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says July's Montreal home sales were little changed from a year ago but remained above the historical average for this time of year.

TORONTO — The Toronto Regional Real Estate Board says July's home sales, listings and prices edged up from the same time last year, but activity looks to be slowing in the face of higher interest rates.

TORONTO — One of the Greater Toronto Area's most prominent landlords says it is keeping a close eye on spaces occupied by small businesses, whose owners it foresees being hardest hit by the high interest rate environment.