Groundbreakings on new homes jumped 9.7% last month in the U.S.
Home Capital Group Inc. believes early results from this year suggest more mortgage business might migrate its way
Average home price rose by 2.3%, when compared with last year
In January, the number of housing starts in Canada kept pace with the previous month
The downtown areas of Vancouver and Toronto are expected to remain the most coveted of markets for investment.
Condominium prices rose faster than any other housing type in the fourth quarter of 2017, according to the Royal LePage National House Price Composite. The median condo price rose 14.3% to $420,823 on a year-over-year basis, driven by large gains in Canada’s largest condo markets, especially Toronto and Vancouver. In the GTA, the median price […]
Home sales in Toronto last year were down 18.3% from the record set in 2016
Housing affordability eroded in Canada for a ninth consecutive quarter, according to RBC Economics Research, reaching the worst level since 1990 and breaking records in specific markets. RBC’s housing trends and affordability report calculates the share of household income required to carry the costs of owning a home at market price. The number rose to […]
Immigration will be a strong driver in the medium to long term
A B.C. resident pleaded guilty Friday to tax evasion under the Excise Tax Act after a CRA investigation found she had forged a Residential Tenancy Agreement (RTA). Harpreet Kaur Sidhu of Burnaby, B.C., was sentenced to 12 months probation and fined $42,950—the amount of GST/HST she tried to evade, CRA said in a release. Sidhu […]