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RealEstate
Home sales in Canada’s largest cities picked up in June, but remain sluggish – Mortgage
The Bank of Canada’s rate cut last month likely contributed to the uptick in resale activity, but experts caution that the market remains sluggish by historical standards.
Home sales in…
Building bought by city for housing in 2020 sits empty, falling apart
Breadcrumb Trail LinksNewsLocal NewsThe city paid $6.5 million for the five-storey building at the corner of Hutchison St. and Ogilvy Ave. in Parc-Extension.Author of the article: Linda Gyulai • Montreal GazettePublished Jul 11, 2024…
‘The tale the market tells’: An update on Canada’s real estate markets
Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.
The…
Avison Young sells Montreal office building for residential conversion
John Pasalis, president and broker of Realosophy Realty, joins BNN Bloomberg to do a pulse check on the Toronto real estate market. Avison Young announced the sale of a Montreal office building that will be converted into residential…
CREA cuts housing market forecast for 2024 despite June sales rising
OTTAWA -
The Canadian Real Estate Association says it is scaling back its housing market forecast for the remainder of the year amid increased levels of supply and a quiet spring spurred by fewer interest rate…
Fewer home sales and lower average housing prices in Canada compared to last year | CBC News
Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024. According to the latest…
4 years later, planned social housing building in Parc-Ex in disrepair and empty
Four years ago, the City of Montreal promised a new social housing project in a neighbourhood that desperately needs it, but today, that Parc-Extension building sits empty and in disrepair.
On the back of the Plaza…
Sellers return to Montreal housing market in Q2
At the beginning of 2024, motivated buyers anticipated lower interest rates, but the number of sellers was limited, putting pressure on property prices. With more inventory available in the second…
Housing starts take off in Quebec after long stagnation
Article contentHousing construction seems to have finally taken off in Quebec, after a long period of decline and stagnation.Using data published Tuesday by the Canadian Mortgage and Housing Corp. (CMHC), the Association des…
Migration Nation: Immigration Surge and Interprovincial Migration Reshape Canada’s Top-Tier
Mid-Year Highlights Unprecedented population pressures from immigration and migratory exchanges across regions and provinces are rapidly reshaping Canada’s conventional and luxury real estate market.Dramatic interprovincial migration…