Real Estate News

1) How the feds could push cities to build more homes - with a carrot or stick  2) The average price home in Toronto plummeted six figures this year 3) Why Calgary is split on its housing affordability recommendations 4) 'It's time for action". Those in need of affordable housing demand help 5) Five forces driving Ontario Home prices

1) Toronto Neighbourhoods Where You Can Find A Detached Home Under $1M 2) Even in an August lull, real estate buyers are still circulating 3) New report examines how rising interest rates have impacted home prices in Canada 4) Canada wants to make homes affordable without crushing prices 5) Why immigration could be good for housing affordability in the long run

1) GTA Real Estate Market More Balanced in July  2) Toronto home sales and prices are up from last July, down from June 3) Toronto-area condo sales see the slowest first half of year in a decade: real estate analysis company 4) These two cities are now the top-searched spots for real estate in Canada 5) Why Calgary is booming despite high-interest rates

1) Canadian Home Sales Showing Signs of Stabilization 2) Office vacancy rate continues to climb in Toronto 3) Toronto's newest development The Well a pedestrian oasis but misses the mark on affordability 4) Bank of Canada is seen holding rates at 5% as the economy avoids a hard landing 5) Calgary's hot housing market spurs expansion of home search app beyond Toronto, Vancouver

1) June home sales in GTA up from last year but lack of supply led to tighter market conditions: TRREB 2) Canadians flocking to Alberta despite unemployment rate, rising housing costs 3) Rent in Vancouver is 17% more expensive on average than in Toronto 4) Province to invest $5.7 million in southwestern Ontario hospitals 5) Toronto in July 2023: Events & Festivals

1) Population boom. Economic boom. As we turn 156, no wonder the world wants more Canada 2) Inflation Slows Down As Anticipated: An Insight Into The Latest Statistics Canada Report 3) Mayor Jyoti Gondek trumpets Calgary tech at Collision conference in Toronto 4) Canadian Real Estate Is Once Again Inflationary, Reinforces Need For Hikes: BMO 5) TD Bank expects Bank of Canada interest rate hike in July

1) High demand, low supply, limited purchasing power may fuel hot summer market 2) Calgary Transit goes electric as feds commit additional $325M for zero-emission buses 3) Allied Properties selling Toronto data centre portfolio for $1.35 billion 4) Vancouver And Toronto Are Never Going To Be “Affordable,” So Now What? 5) Bank of Canada almost waited until July to hike interest rates

1) Real Estate Dollar Values Are Up In Most Toronto Neighbourhoods 2) Telus’ $19 billion Alberta investment will benefit Calgary, Edmonton, and Leduc 3) Calgary: Investing in tech and innovation on the path to economic transformation 4) Lack of inventory plagues GTA luxury real estate market 5) Homeowners, hold on: Expect another rate hike in July, Canada’s big banks say

1) Rents keep rising, and demand stays strong in GTA industrial sector 2) Despite the mortgage squeeze, rising rates likely won’t slow Toronto home prices 3) Bank of Canada ends pause on hikes, raises policy rate by 25 basis points 4) Unifor celebrating $280-million investment by GM into Oshawa truck plant 5) Canada expands its list of ‘visa-free’ countries: ‘This is a sea change

1) Toronto real estate market sees price surge as buyers return 2) Canada launches new immigration program to fill ‘in-demand’ jobs 3) GTA rental rates now average $3,000/month 4) Canada's economy grew by more than expected in first quarter, upping odds of rate hike next week 5) Odds of Bank of Canada rate hike just went up as economy beats expectations

1) City order halts construction for one of Toronto's tallest buildings 2) Why Bank of Canada is in no rush to cut interest rates 3) Sphere scales up projects, keeps focus on fringe of Toronto 4) Inflation, Interest Rates to Constrict Growth in Canadian Cities in 2023 5) Could re-imagining malls help solve the GTA housing crunch? Some developers are betting on it

1) Canada home sales surge by double digits while prices climb 2) City of Toronto kicks off busy billion-dollar construction season 3) Bank of Canada tight-lipped on rate moves as calls grow to ‘crush’ inflation 4) Toronto's average rent spiked by more than 40% in last two years 5) Reimagining the shopping centre: ULI Spring Meeting keynote