Real Estate News

National home sales jumped by 11.3 per cent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 22 per cent compared with March, powered by an increase in starts of multi-unit urban homes.

More provinces should follow Quebec's lead in seeking to hold short-term rental platforms such as Airbnb accountable for uncertified listings, advocates say.

TORONTO — The chief executive of one of the country's most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.

TORONTO — Brookfield Corp. reported first-quarter net income of US$424 million, down from US$2.96 billion in the same quarter last year. The company, which keeps its books in U.S.

TORONTO — George Weston Ltd. raised its dividend as it reported its first-quarter profit and revenue rose compared with a year ago. The company, which holds large stakes in Loblaw Companies Ltd.

Toronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.

VANCOUVER — The Real Estate Board of Greater Vancouver says April home sales slid 16.5 per cent from a year ago as new listings remained below historical norms. The B.C.

VICTORIA — British Columbia residents who find themselves entangled in new property bylaws because their home has been changed to a 55-plus age restriction now have more protection.

CALGARY — The Calgary Real Estate Board says the city set a new April record last month as the benchmark price of a home sold reached $550,800. The Alberta board says the price amounts to a two per cent increase from March and a 1.