Real Estate News

CALGARY — The Calgary Real Estate Board says last month's inventory levels were among the lowest the market has seen in February since 2006 as sales were almost halved from a year ago.

TORONTO — The outlook for commercial real estate looks "bumpy" in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.

The Competition Bureau is investigating whether the Quebec Professional Association for Real Estate Brokers' data-sharing restrictions are stifling competition in the housing market.

WASHINGTON — The federal government is giving in to the same nationalist impulses it has been fighting for years in the United States, say critics on both sides of the border who oppose Ottawa's new push to discourage foreigners from owning Canadian

TORONTO — A new report says that while home prices are down compared with last year, higher mortgage rates mean affordability hasn't improved for Canadians. The report by Ratehub.

TORONTO — An Ontario regulator is warning real estate brokers and agents to be vigilant for fraudsters impersonating homeowners looking to sell properties.

TORONTO — RioCan Real Estate Investment Trust raised its payment to unitholders as it reported a loss of $5 million in its fourth quarter. The real estate trust says it will now pay a monthly distribution of nine cents per unit, up from 8.5 cents.

TORONTO — A new report says the average listed rent for all property types in Canada jumped by 10.7 per cent year-over-year in January, the ninth straight month of double-digit increases. The report from Rentals.

Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association (CREA). It was the worst January for home sales since 2009.

Home sales in Canada posted their worst start to the year since 2009 as January sales fell 37.1 per cent compared with the start of 2022 and prices continued to fall, the Canadian Real Estate Association said Wednesday.