Real Estate News

TORONTO — The Canada Mortgage and Housing Corp.

VANCOUVER — Vancity says Christine Bergeron is stepping down as president and chief executive of the credit union to take the top job at real estate company Concert Properties. The credit union says Bergeron will continue with Vancity until mid-July.

OTTAWA — Construction of new homes picked up in several of Canada's major cities last year, said the Canada Mortgage and Housing Corp. (CMHC), but the agency foresees a slowdown as interest rates weigh on building costs.

OTTAWA — An Indigenous-owned investment firm is partnering with the Canada Mortgage and Housing Corporation to build several hundred homes for Indigenous communities. Keewaywin Capital Inc.

TORONTO — Home Capital Group Inc. says its deal to be acquired by Smith Financial Corp. has cleared a key regulatory hurdle.

The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.

A new report says average rents across Canada were up one per cent between February and March – the first month-over-month increase since November. The report by Rentals.

TORONTO — Mortgage experts expect the Bank of Canada's decision to hold its key interest rate to add heat to the country's real estate markets.

TORONTO — First Capital REIT says it has signed deals to sell four properties including the Hazelton Hotel in Toronto for a combined total of $184 million.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Tilray results Cannabis company Tilray Brands Inc. will report its latest quarterly results after the close of trading on Monday.