Real estate news

Real estate news

  • Luxury boutique launches in Midtown Toronto
    on September 29, 2021 at 1:24 am

    Amid a dearth of new condo launches, Toronto is receiving one of its first new luxury boutique releases. Capitol Residences will be a 14-storey, 145-unit luxury condominium from Madison Group and Westdale Properties.

  • Detached home sales catch fire in Calgary
    on September 29, 2021 at 1:24 am

    The Calgary Real Estate Board’s (CREB) latest statistics revealed the city’s housing market had a strong, if balanced, August, with detached homes leading the way.

  • Will Liberals honour promise to increase housing supply?
    on September 29, 2021 at 1:24 am

    The Liberal Party of Canada staved off a strong Tory challenge for a consecutive minority government, and now Justin Trudeau is expected to keep his election campaign promise to increase housing supply.

  • ‘We want to be the Shopify of real estate'
    on September 29, 2021 at 1:24 am

    Converging E-commerce and real estate hasn’t always been simple because of the latter’s exorbitant price points but a Calgary-based company has done it.

  • New reverse mortgage product available in Ontario
    on September 29, 2021 at 1:24 am

    Bloom Financial Company has entered the reverse mortgage market with a new product for Ontarians aged 55 and over. The fintech firm intends to roll out the product in other provinces soon.

  • Liberals slammed for not spending election money on housing
    on September 29, 2021 at 1:24 am

    Canada’s 44th federal election cost an estimated $610 million—money that could have been better spent on affordable housing, a Toronto real estate broker says.

  • Action needed to solve the housing crisis
    on September 29, 2021 at 1:24 am

    We are in the middle of a housing crisis, plain and simple, because demand is outpacing supply and, consequently, we’re seeing some very dramatic spikes for the price of homes.

  • 80% of luxury buyers are millennials: Engel & Völkers
    on September 29, 2021 at 1:24 am

    Millennials, entering their peak years, and are slated to comprise 80% of North American luxury home purchasers in 2021 and 2022, says a new report from Engel & Völkers.

  • Downtown Hamilton brims with multifamily sector prospects
    on September 29, 2021 at 1:24 am

    Hamilton’s smaller multifamily dwellings are still commanding strong rents, but they’re flat in the city’s taller apartment buildings, says a local investor.

  • Ever dream of opening a business in your house? This Oakwood Village detached just hit the market...
    by Ali Amad on September 28, 2021 at 8:42 pm

    It's got a residential and commercial designation, so you can live in the back and run a business in the front The post Ever dream of opening a business in your house? This Oakwood Village detached just hit the market for $1.2 million appeared first on Toronto Life.

  • Canada’s Housing Agency Put The Whole Country On Red Alert For The First-Time
    by Stephen Punwasi on September 28, 2021 at 5:13 pm

    First it was Vancouver… then Toronto. Add Halifax to the list. Then Niagara, Hamilton… Woodstock? Don’t worry, I have no idea where that is either. Canadian real estate is now so frothy even the government can’t ignore it. The Canada Mortgage and Housing Corporation (CMHC) published its Q3 2021 Housing Market Assessment (HMA). In it The post Canada’s Housing Agency Put The Whole Country On Red Alert For The First-Time appeared first on Better Dwelling.

  • 10 Most Affordable Counties for Homeowners
    on September 28, 2021 at 5:00 am

    Costs associated with the typical home account for nearly 25% of the average national wage of $64,857, a new study shows.

  • The Future of Cities: ‘Extreme Automation’
    on September 28, 2021 at 5:00 am

    Places that adapt to the lifestyle and technological demands of residents will thrive, futurist says at NAR’s commercial real estate conference. From NAR’s C5 Summit, New York, Sept. 27-29

  • Real Estate Mogul Howard Hanna Jr. Dies at 101
    on September 28, 2021 at 5:00 am

    He launched Howard Hanna Real Estate Services, now a national brand, in 1957 from a one-room office near his home in Pittsburgh.

  • Study: Staying Busy Is Good for Your Mental Health
    on September 28, 2021 at 5:00 am

    On the other hand, having too much free time can make you unhappy, according to new data published in a psychology journal.

  • Buyers Consider Disaster Risk in Purchase Decisions
    on September 28, 2021 at 5:00 am

    Tornadoes and extreme cold are top climate concerns for consumers, beating out floods, hurricanes, and wildfires, according to realtor.com®.

  • Berlin Residents Just Voted In Favor of Nationalizing 240,000 Apartments From Landlords
    by Stephen Punwasi on September 28, 2021 at 3:52 am

    Germany is one of the world’s biggest real estate bubbles, and it might pop in a spectacular way. Yesterday the majority of Berlin residents voted to nationalize 240,000 rental units. The move was driven by Deutsche Wohnen & Co. enteignen (DW enteignen), a housing activist group looking to cut large corporate landlords. The referendum isn’t The post Berlin Residents Just Voted In Favor of Nationalizing 240,000 Apartments From Landlords appeared first on Better Dwelling.

  • Canadian Households Now Have $2.5 Trillion In Debt, Over 102% of GDP
    by Daniel Wong on September 27, 2021 at 5:29 pm

    Canadian households are now so indebted, it exceeds the annual output of the economy. Statistics Canada (Stat Can) data shows the gross domestic product (GDP) printed modest quarterly growth in Q2 2021. The growth was dwarfed by household debt, which now exceeds the size of the country’s GDP. Economies with such large household debt loads The post Canadian Households Now Have $2.5 Trillion In Debt, Over 102% of GDP appeared first on Better Dwelling.

  • Protected: Austin Birch Report shows downtown core springing back to life
    by Cassandre Cadieux on September 27, 2021 at 5:24 pm

    There is no excerpt because this is a protected post. The post Protected: Austin Birch Report shows downtown core springing back to life appeared first on Toronto Life.

  • 20% Hike on New-Home Prices
    on September 27, 2021 at 5:00 am

    Still, low mortgage rates and fewer existing homes on the market are leading to an increase in sales.

  • Top 10 Commercial Office Markets for 2021
    on September 27, 2021 at 5:00 am

    The association releases its latest commercial real estate report during its inaugural C5 Commercial Real Estate Summit this week.

  • Higher Prices Daunting to First-Time Buyers
    on September 27, 2021 at 5:00 am

    Some would-be buyers are stepping back even as potential openings emerge in the housing market.  

  • FHFA Extends COVID-19 Forbearance for Multifamily
    on September 27, 2021 at 5:00 am

    Fannie Mae and Freddie Mac announce they will continue to offer forbearance to qualified multifamily owners.

  • Smaller Cities Dominate August Housing Markets
    on September 27, 2021 at 5:00 am

    Affordability and remote-work flexibility have made these diverse locales the hottest markets for buyers.

  • This Week’s Top Stories: Canadian Real Estate To See Big Changes Post Election, and Mortgage...
    by Better Dwelling on September 26, 2021 at 6:49 pm

    Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada Re-Elected The Same Leadership, But Real Estate Will Be Very Different Canada re-elected the same leadership, but with a very different housing strategy. They promised demand inducement schemes, supply subsidies, and improvements in trade transparency. The demand measures are likely The post This Week’s Top Stories: Canadian Real Estate To See Big Changes Post Election, and Mortgage Lenders Panic […]

  • Canada Has Never Seen So Many Homes Under Construction At The Same Time
    by Daniel Wong on September 25, 2021 at 3:31 pm

    Canadians are about to see a flood of housing supply like they’ve never seen before. An RBC analysis found multi-year highs for various stages of new home construction in Q2 2021. New housing starts reached the highest level in over three decades. Homes completed are expected to hit a similar multi-decade high in the next The post Canada Has Never Seen So Many Homes Under Construction At The Same Time appeared first on Better Dwelling.

  • Canadian Mortgage Lenders Are Considering Reversing Rate Cuts Made Days Ago
    by Stephen Punwasi on September 24, 2021 at 4:12 pm

    Canada’s largest banks cut mortgage rates last week, and now they might need to reverse the cuts. Half of Canada’s “Big Six” banks cut the interest rate on their 5-year fixed rate mortgages at the end of last week. It might have seemed like a no-brainer back then, but a week is forever ago in The post Canadian Mortgage Lenders Are Considering Reversing Rate Cuts Made Days Ago appeared first on Better Dwelling.

  • Australia’s High Real Estate Prices Are A Threat To Financial Stability, Says Central Bank
    by Daniel Wong on September 24, 2021 at 3:55 am

    Australia’s central bank is warning home prices may threaten the country’s financial stability. Reserve Bank of Australia assistant governor Michele Bullock gave a housing update this week. She warns the quality of borrowers has been deteriorating, as they take on more leverage. As the share of these borrowers surges, so does the risks they bring The post Australia’s High Real Estate Prices Are A Threat To Financial Stability, Says Central Bank appeared first on Better Dwelling.

  • Canadian Bond Yields Are Climbing As Central Banks Turn Hawkish: BMO
    by Daniel Wong on September 24, 2021 at 1:26 am

    Canadian bond yields have been sliding for the past few weeks, but that changed pretty fast. Global bond yields surged on Thursday after central banks expressed hawkish views overnight. By communicating their intention to ease stimulus, an abrupt market change occurred. Long-term yields have now climbed to the highest level in months. Experts say this The post Canadian Bond Yields Are Climbing As Central Banks Turn Hawkish: BMO appeared first on Better Dwelling.

  • Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size
    by Stephen Punwasi on September 23, 2021 at 6:38 pm

    Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low The post Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size appeared first on Better Dwelling.

  • US Existing-Home Sales Fell For The First Time In Over A Year, Price Growth Slows
    by Daniel Wong on September 23, 2021 at 3:48 am

    US home buyers are busy with purchases, but there are fewer present than a few months ago. National Association of Realtors (NAR) data shows home sales fell in August. The drop was accompanied by a decline in inventory as well. Despite the relatively neutral market position, price growth is starting to slow.  US Existing-Home Sales The post US Existing-Home Sales Fell For The First Time In Over A Year, Price Growth Slows appeared first on Better Dwelling.

  • You can buy this place for $1.8 million. (It’s in a Kensington Market laneway)
    by Ali Amad on September 21, 2021 at 8:08 pm

    Bonus: it's got a secluded deck and a small garden out back The post You can buy this place for $1.8 million. (It’s in a Kensington Market laneway) appeared first on Toronto Life.

  • Laneway suites are the smartest solution to the housing shortage in decades
    by Toronto Life on September 14, 2021 at 4:13 pm

    An eight part series on the laneway revolution The post Laneway suites are the smartest solution to the housing shortage in decades appeared first on Toronto Life.