Real Estate News

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

1) Looks like Canada's housing market has finally turned the corner 2) Calgary is tightest home sellers market in Canada 3) As inflation cools, higher wages could stand in the way of reaching 2% goal 4) Calgary’s construction industry kicks off year with $1.7B in projects 5) Toronto residents want to see more housing built, even if it means fewer parking spots and detached homes: poll

1) Toronto home prices rise for third straight month as average tops $1.15 million 2) Calgary sets new April record as benchmark price hits $550,800: CREB 3) Getting inflation back to 2% 4) Is Canada headed for a recession? Here’s what the latest data shows 5) Five things to watch for in the Canadian business world in the coming week

1) Toronto is getting 7 buildings taller than anything that exists in Canada 2) Flames reach agreement in principle with Alberta, Calgary for new arena 3) Flames Strike Deal for New $880M Arena, District 4) U of T receives $200-million grant to support Acceleration Consortium's ‘self-driving labs’ research 5) Bank of Canada considered raising interest rates at its last meeting

1) Inflation hits lowest level since August 2021, but BoC not expected to back off yet 2) Here's how much income is needed to buy a home in major Canadian cities 3) Editor’s Letter: The future of real estate is…friendly? 4) Toronto ranks among the wealthiest cities in the world, according to a new report 5) Bouwinvest enters Canada, invests in major Toronto redevelopment