Real Estate News

TORONTO — Home sales rose in an unseasonably warm January to mark a second month of rising activity and softening prices, the Canadian Real Estate Association said Wednesday. January sales were up 3.

VANCOUVER — The BC Real Estate Association says there was a nearly 30 per cent increase in home sales last month compared with January 2023, while prices were also up.

TORONTO — Independent telecommunications provider Beanfield Metroconnect is asking the industry regulator to outlaw arrangements between carriers and developers that provide turnkey internet service for all units of a particular condo building.

TORONTO — A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year.

NEW YORK (AP) — Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process .

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped 18 per cent in January compared with the same month a year earlier.

VANCOUVER — The Real Estate Board of Greater Vancouversays home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand. The board says January home sales totalled 1,427, a 38.

CALGARY — The Calgary Real Estate Board says there were 1,650 home sales in January, marking a 37.7 per cent year-over-year increase as the city saw a 15.4 per cent bump in newly listed homes.

TORONTO — From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.