Real Estate News

Canadians Remain Determined to Own Homes Despite Ongoing Affordability Pressures

Canadians Remain Determined to Own Homes Despite Ongoing Affordability Pressures

Despite affordability challenges, many Canadians continue to see homeownership as a key life goal. A recent poll shows strong interest in buying property even as financial pressures shape expectations and timelines. Housing costs remain a major obstacle, but the desire to own a home remains resilient. The findings highlight the lasting importance of homeownership across Canada. #RealEstate #HousingMarket #CanadaRealEstate […]

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Middle East Conflict Raises Concerns Over Future Mortgage Rates

Middle East Conflict Raises Concerns Over Future Mortgage Rates

Global tensions following strikes involving Iran are sending shockwaves through the economy—from oil prices to financial markets. The ripple effects could also reach Canadian homeowners by influencing mortgage rates. Rising bond yields and shifting expectations around Bank of Canada rate cuts may keep borrowing costs elevated. Here’s how the conflict could impact your wallet. #RealEstate #MortgageRates #HousingMarket #CanadaEconomy […]

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StatCan Links Declining Construction Productivity to Canada’s Housing Affordability Challenges

StatCan Links Declining Construction Productivity to Canada’s Housing Affordability Challenges

A Statistics Canada study says declining construction productivity—especially among small firms—is worsening Canada’s housing affordability challenges. Labour productivity in housing construction has fallen sharply, with rising employment outpacing output for over two decades. Experts say the industry must adopt new technologies and more efficient building methods to meet future housing needs. Ontario saw the largest productivity drop, underscoring the need for major structural improvements. #RealEstate #HousingAffordability #CanadaHousing #ConstructionIndustry […]

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CREA Says Harsh Ontario Snowstorm Helped Push January Home Sales Lower

CREA Says Harsh Ontario Snowstorm Helped Push January Home Sales Lower

Canada’s housing market saw a 5.8% drop in sales in January, with CREA citing a severe Ontario snowstorm as a major contributor to the slowdown. Market softness from late 2025 also carried into the new year, keeping many buyers on the sidelines. Prices dipped year over year, and affordability remains challenging for first-time buyers. CREA still expects modest improvement in 2026. #RealEstate #HousingMarket #CanadaRealEstate […]

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Canadian Housing Market Shows Early Signs of Buyer Activity Heading Into 2026

Canadian Housing Market Shows Early Signs of Buyer Activity Heading Into 2026

Several Canadian housing markets saw renewed buyer activity in November, with notable month-over-month resale increases in multiple regions, even as overall activity stayed below prior year levels. Toronto and Hamilton continued to lag, while Montreal and Calgary showed signs of improving demand and pricing trends. In Vancouver, resales ticked up but remained quiet amid affordability challenges. Regional performance varied widely as 2025 wound down. #RealEstate #HousingMarket #CanadaRealEstate […]

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Toronto Luxury Land Transfer Tax Increase

Toronto Luxury Land Transfer Tax Increase

Toronto City Council has approved an increase to the municipal land transfer tax that applies specifically to luxury residential real estate. While the change affects only a narrow segment of the market, it introduces an important consideration for buyers and sellers operating above the $3 million price point.This article outlines the update and explains how both sides of a luxury transaction should interpret and plan around the change. […]

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Ottawa and Federal Government Launch $400M Partnership to Accelerate Affordable Housing

Ottawa and Federal Government Launch $400M Partnership to Accelerate Affordable Housing

Ottawa and the federal government are joining forces on a $400-million plan to build up to 3,000 affordable homes, with construction set to begin next year. The partnership includes major fee waivers from the city and federal financing for units on public land. The announcement also introduced new initiatives focused on defence-sector growth and community health. #CanadaRealEstate #AffordableHousing #Ottawa […]

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Alexander Au
Alexander Au
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