Last Update: May 5, 2022
Northern Realtors offer mixed reviews of new federal
Sudbury's real estate board chair agreed. "At a recent meeting for the Canadian Real Estate Association, there were statistics shared for homebuyers right across Canada," said Tanya Vanden Berg. "We really do see young Canadians, say perhaps between 25-35, they can't afford a brand new detached home.
Actived: 8 days ago
Simply Real Estate
(5 days ago) Todd is an accomplished speaker & educator, and has published numerous articles on real estate and investing. With his first book underway, Todd continues to guide people through the often confusing world of investment real estate, providing education and real world opportunities for people to create wealth for generations.
Demand for luxury homes is rising, here's what's on the market
(6 days ago) The average price of a home in Canada now stands at an all-time high of $816,720.According to a new report released by real estate company Re/Max, it seems as though a key driver of growth has been the recent boom in Canada’s luxury home market.. Data revealed that 18 of the 19 local markets assessed in the report saw significant year-over-year increases in the sale of luxury …
No immediate plans for redevelopment, hospital foundation
(3 days ago) After announcing the largest real estate investment by a hospital foundation in B.C. history this week, the VGH and UBC Hospital Foundation says it will be a while before plans for redevelopment are put in motion. The foundation is spending $100 million to acquire the 900 block of West 12th Avenue from its previous owners in a deal the
Oilers owner seeking rezoning for Village at Ice District
(4 days ago) The real estate arm of the Katz Group – which owns the Edmonton Oilers – submitted designs of Village at Ice District for council approval and public input. The plan includes 2,500 residential units in towers up to 25 storeys with businesses on the …
This Ottawa home sold for more than $800,000 over asking
(Just Now) 2 days ago · There are other signs Ottawa’s spring real estate market is heating up. One home in Manor Park sold for $260,000 over asking recently. And a home on Sandridge Road in nearby Rockcliffe Park sold for $440,000 over asking after being on the market for less than a week. “As it turned out, it was a Toronto buyer.
More Canadians putting home buying plans on hold: Scotiabank
(4 days ago) Real estate firm Royal LePage expects aggregate home prices to rise by 10.5 per cent over 2022 to $859,700 by the end of the year. “Concerns over costs of living, rising interest rates, market instability, and economic uncertainty has most millennials feeling discouraged about their homeownership aspirations,” Scotiabank said.
This Toronto luxury home sold for more than $500K above
(7 days ago) 2 days ago · A key selling point for 50 Fern Ave. was its spacious interior and large windows, said listing agent Irene Grech with Chestnut Park Real Estate, based in Toronto. “It has really big windows and it's really light-filled, which makes a difference in the row houses because a lot of them feel very closed in,” she told CTVNews.ca in a phone
Average Toronto home sale price fell slightly in March
(Just Now) The Toronto Regional Real Estate Board says that the average selling price across all property types last month was $1.299 million. That marks a slight decline from February when the average property changed hands for a record $1.334 million. Prices, however, were still up a staggering 18.5 per cent from March, 2021 when the average selling
Average Canadian home price hits record $816K in February
(6 days ago) The Canadian Real Estate Association said the national average home price climbed by more than 20 per cent since last year to hit a record $816,720 in February, driven by exceptional growth across the country. The growth in home prices has come as people flocked to suburbs and rural regions to buy more spacious homes they could work remotely
Housing market a key component of federal budget
(3 days ago) 2 days ago · The hot real estate market took a front seat in the unveiling of the federal budget Thursday afternoon. For Ottawa resident Alaina Woolfrey, the goal of owning a home has come with challenges. "By lots of criteria I have a great steady income and that alone is sometimes just not enough to be honest with you," Woolfrey said.
Houses sell well over asking in the Maritimes
(7 days ago) The real estate market in the Halifax Regional Municipality (HRM), has “exploded” says real estate agent Brehannah Hopgood. The number of properties for sale is down — causing prices to soar. Hopgood says it’s common for sellers to receive offers up to $170,000 above the asking price, in some cases even more.
These Ottawa neighbourhoods have the fastest-growing home
(2 days ago) “The residential real estate market in Canada has experienced explosive growth over the last 18 months, fueled by low interest rates, changing preferences and needs related to working at home, and increased investor activity,” the report’s introduction says.
Interest rate hike won't cool housing, say experts
(4 days ago) Real estate boards have been reporting soaring prices and a flurry of sales for the bulk of the pandemic as buyers raced to take advantage of the 0.25 per cent interest rate instituted under Bank of Canada governor Tiff Macklem’s predecessor Stephen Poloz about two years ago, as the country plunged into the COVID-19 health crisis.
House prices in Greater Sudbury continue to rise
(3 days ago) Real estate in Greater Sudbury remain well above average for the city, although realtors say houses are still more affordable compared to other major cities. The Sudbury Real Estate Board says the average price of homes sold in January 2022 was a record $458,144 which increased by 29.7 per cent from January 2021.
Nova Scotia realtors question whether tax on non-residents
(Just Now) John MacKay, owner of MacKay Real Estate in Wolfville, N.S., said he thinks the messaging to out-of-province buyers is wrong, especially considering it wasn't long ago that the province was "desperate" to attract people, and the last two years have seen a surge in interest in Nova Scotia properties.
Foreign homebuyers ban likely not a factor in Calgary's
(7 days ago) One real estate researcher says banning foreign buyers is a popular policy but misses the mark when it comes to addressing the housing supply crunch. "The way to really move the needle on affordability is to really increase housing supply. And we see in some markets, it's hard to do that," said Alexander Whalley, research fellow at the Westman
Real Estate Sales Down 54% in Windsor-Essex
(1 days ago) Real Estate Sales Down 54% in Windsor-Essex. COVID-19 has taken a huge bite out of the local real estate market. According to the latest figures from the Windsor-Essex County Association for Realtors, the number of homes sold last month dropped by more than 50 per cent compared to a year ago. "It is going to be interesting to see what happens
NCC reveals preferred bidder for LeBreton Flats 'library
(4 days ago) The National Capital Commission has revealed its preferred bidder for the next step in the redevelopment of LeBreton Flats. Dream LeBreton, a group led by Dream real estate company, which is overseeing the nearby Zibi development, has won the chance to redevelop the so-called ‘library parcel’ of land west of downtown.
Toronto home sales fell 18% in January as prices climbed
(9 days ago) The Canadian Press. The Toronto Regional Real Estate Board says January home sales dropped by more than 18 per cent compared with a year ago as fewer properties were listed for sale and market conditions tightened. The board says 5,636 homes were sold last month in the region, down from 6,888 in January 2021.
SpaceX launches 3 visitors, including Canadian, to space
(3 days ago) Arriving at the space station Saturday are an American, a Canadian and an Israeli who run investment, real estate and other companies. They're paying US$55 million apiece for the rocket ride and accommodations, all meals included. Russia has been hosting tourists at the space station -- and before that the Mir station -- for decades.
'I don't think I slept for 3 days,' says Metro Vancouver
(6 days ago) Still, home sales are high, and the region saw a 50 per cent jump between January and February this year, according to the Real Estate Board of Greater Vancouver. Last month's sales were nearly 27 per cent above the 10-year average for sales in February.
Local Real Estate Agent Believes High Home Prices Are Here
(5 days ago) The CEO of the Dan Gemus Real Estate Team doesn't expect home prices in Windsor-Essex to ever go back down to where they were. Dan Gemus is commenting on the hot real estate market after a three-bedroom home on Day Street in Essex sold for $425,000, $225,000 over the asking price.. Gemus told AM800's The Morning Drive that the average home price has been …
American Congressman wants exemption for
(1 days ago) American Congressman wants exemption for proposed tax on foreign owned real estate in Canada. American Congressman wants exemption for proposed tax on foreign owned real estate in Canada. BRIAN HIGGINS, U.S. Representative for New York's 26th congressional district Newsletters. Breaking News alerts, info on contests, and special offers from
Funny online post about Canada's hot housing market goes viral
(3 days ago) A funny online post poking fun at house prices in Canada has gone viral. Doug Newton from West Lincoln spotted a plastic playhouse picture online and then came up with the bright idea to make a fake real estate listing. He says he wanted to lighten the dark mood online lately. The post says the playhouse is for sale for $299,000 with a headline
Jeopardy! champion Mattea Roach continues streak; winnings
(2 days ago) Roach will face off against Tom Nucum, a real-estate agent from Maryland, and Abigail Davis, a college administrator from Georgia, Friday night. If she wins her fourth game, Roach will be eligible to compete in a future Tournament of Champions.
Straight From DeHart
(3 days ago) Born and raised in Steinbach and coming from a family farming and agriculture business, Kirschner Mountain is a new real estate development business for Harold who has moved his family to Kelowna. Notwithstanding that, Harold and his brother Arthur still own the magnificent 27-hole Quarry Oaks Golf and Country Club located just north and east
How the 2022 federal budget will impact Albertans
(4 days ago) Kerri-lyn Holland, real estate agent and co-owner of Holland and Associates Real Estate Team, said the foreign buyers' moratorium would likely have little impact on Edmonton's housing market. "We just need inventory," she told CTV News Edmonton. "We just need homeowners to be comfortable putting their homes on the market.
Not all Nova Scotians are ready to 'get back out there'
(5 days ago) Sault Ste. Marie and Sudbury's real estate boards said most of the initiatives are a step in the right direction, but more work is needed to increase housing supply. South Surrey shooting victim has died, IHIT says, sharing his identity A man shot at a South Surrey home in the early hours of Wednesday morning has died, homicide investigators
Kootenay Unemployment Rate Decreases
(1 days ago) Kootenay Real Estate President Critical of Provincial Plan The President of the Kootenay Association of Realtors said they should have been consulted before the province announced plans for a cooling off period for potential home buyers. Bruce Seitz feels they got the idea of protecting buyers in hot markets backwards.
Chum salmon released into Oak Bay creek after nearly a century
(4 days ago) Sault Ste. Marie and Sudbury's real estate boards said most of the initiatives are a step in the right direction, but more work is needed to increase housing supply. South Surrey shooting victim has died, IHIT says, sharing his identity A man shot at a South Surrey home in the early hours of Wednesday morning has died, homicide investigators
Man taken to hospital after shooting in downtown Toronto
(1 days ago) 20 hours ago · Sault Ste. Marie and Sudbury's real estate boards said most of the initiatives are a step in the right direction, but more work is needed to increase housing supply. South Surrey shooting victim has died, IHIT says, sharing his identity A man shot at a South Surrey home in the early hours of Wednesday morning has died, homicide investigators
Blue Jays revamp Rogers Centre for 2022 with new
(7 days ago) Staff. The Canadian Press. Wednesday, April 6th 2022 - 5:38 pm. The Canadian Press. Fans of the Toronto Blue Jays will see their team in a new light at Rogers Centre this season -- literally. Hundreds of new lights as well as a brand new 8,000 square foot videoboard, featuring two new lower wings and side ribbons that wrap around the stadium