Vacancy rate hits lowest in 17 years
Provincial lender says economy is improving but as slower pace
The supply of homes in Saskatoon as at “ridiculous” levels and is having a “severe impact” on the city’s home prices.
The trend in recent years has been towards more Canadians wanting to live closer to the city core with an easier commute and a greater range of amenities.
The potential to make higher yields from short-term rentals through companies like AirBnB is impacting the already-tight rental markets in cities such as Vancouver.
Housing starts increased in June to 183,959 units in June compared to 179,908 in May.
The value of residential properties is expected to be higher in six months, according to the latest barometer of consumer sentiment.
The number of homes valued at $1 million or more has grown, according to data from the City of Ottawa and Ontario’s Municipal Property Assessment Corp.
More families are shunning the leafy suburbs and opting for downtown living in Toronto.
The total value of building permits plunged in May by 14.5 per cent, according to the latest data from Statistics Canada.
China’s stock markets have been plummeting this week over concern that the world’s second largest economy is struggling and that Beijing’s latest support measures may not do enough to turn that around.
A new proposal would hit homebuyers hard, especially the thousands of first-time buyers already struggling to be able to afford to buy.
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Perkins Coie is pleased to announce that Devin P. McComb has joined the firm’s Seattle office as a partner in the Real Estate & Land Use practice
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