News

  • May sales increase over April due to deferred listings by Olivia D'Orazio

    National housing sales in May increased nearly six per cent over sales in April, largely due to the harsh Canadian winter that delayed the spring season, the Canadian Real Estate Association (CREA) reports.

  • TREB predicts seller’s market for rest of 2014 by Olivia D'Orazio

    The Canadian Real Estate Association (CREA) may have predicted a soft June market – at least compared to strong sales in May – but a report from the Toronto Real Estate Board (TREB) is showing the opposite, with increased listings and sales in the first two weeks of the month.

  • The hidden costs of cottages: Part 1 by REP

    An increasing number of Canadians are now passing family cottages on to children. But there are several challenges associated with cottage ownership that aren’t all sunshine and canoe trips, warn experts.

  • Despite slow winter, CREA 2014 forecast mostly unchanged by Olivia D'Orazio

    A particularly bleak winter season may have deferred many house purchases, but the warming market and the still-low mortgage rates have prompted the Canadian Real Estate Association (CREA) to essentially maintain its earlier housing forecast for 2014.

  • Is laziness costing you clients? by Vernon Jones

    Missing paperwork and tardy replies are becoming more common and Realtors are in danger of losing clients – especially property investors – because of it.

  • Vacancy rates in Canmore hit zero per cent by Olivia D'Orazio

    Good news for agents with investor clients in western Canada: the vacancy rate in Canmore, Alta., has dropped to zero per cent.

  • Mortgage battle escalates as Scotiabank offers 2.97% by Jamie Henry

    Mortgage rates are getting even lower, as Bank of Nova Scotia becomes the latest lender to push the envelope, offering a five-year fixed rate of 2.97 per cent.

  • Condo rentals adding to poor affordability by Jamie Henry

    Condos that investors rent out privately are adding to Canada’s shortage of affordable housing, according to a report by the Organization for Economic Co-operation and Development (OECD).

  • Homebuyers warming up to bid wars by Olivia D'Orazio

    The Real Estate Council of Ontario indicated that home buyers are increasingly OK with participating in bidding wars.

  • Warm weather boosts Canada’s housing starts by Olivia D'Orazio

    Canadian housing starts hit a seven-month high in May, increasing 0.8 per cent over April to a seasonally adjusted annual rate (SAAR) of 198,324 starts, according to Canada Mortgage and Housing Corp (CMHC).

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