Real Estate News

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 13 per cent in January.

TORONTO — Ontario Power Generation says it has signed a deal to buy the former head office building for General Motors of Canada in Oshawa, Ont., and plans to use it for its own corporate headquarters.

TORONTO — The Toronto Regional Real Estate Board expects the average price of a home to edge upwards as 2023 progresses but end on a lower note than last year as buyers get off the market's sidelines and make long-awaited purchases again.

TORONTO — A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's January home sales fell to a level not seen since 2009 as the market slowdown continued.

A new coalition is calling on the federal government to invest $6 billion in its upcoming budget to develop an urban, rural and northern Indigenous housing strategy.

TORONTO — Ontario should speed up new housing approvals, increase skilled trade immigration, and "rein in" municipalities introducing varying green building standards, a residential builders' group is telling the government.

VANCOUVER — The British Columbia Real Estate Association says the chill across the province's property sector will drag on through this year, but it calls for a strong rebound in 2024.

OTTAWA — New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020. The data agency says investors made up 31.

TORONTO — The Greater Toronto Area's real estate board saw home prices plateau in January after being in free fall and depressing sales since spring, but brokers see a return to activity already taking shape.