Real Estate News

TORONTO — Ontario's financial services watchdog is proposing changes to guidance offered to mortgage agents and brokerages in an effort to deter deceptive and fraudulent mortgage activity.

VANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report on Tuesday.

Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move. “We were living paycheque to paycheque,” the 26-year-old said.

Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says.

TORONTO — Projections in Ontario's budget for housing starts show the province's target to build 1.5 million homes in 10 years slipping further out of reach with each passing year.

TORONTO — Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.

TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home.

VAUGHAN, Ont. — Ontario's plans to build housing near a massive national park could be shut down if a new study shows a negative impact on biodiversity and at-risk species, the federal environment minister warned on Tuesday.

A deadly fire that swept through a building in Old Montreal on Thursday where several apartments were being used as Airbnb units is raising safety concerns about short-term rental properties.

WASHINGTON — U.S. President Joe Biden will spend two days in Canada beginning Thursday to meet with Prime Minister Justin Trudeau and speak to a joint session of Parliament, his first visit north of the border since taking the oath of office in 2021.