June Sees Slower Home Sales Growth Amid Bank of Canada’s Rate Hikes
In June, Canadian home sales experienced a 1.5% month-over-month increase as more properties were put up for sale, according to
Read more
Canadian real estate
Building Permit Values Rise 10.5% in May
The value of building permits rose 10.5% to $10.5 billion in May, largely due to a substantial increase in construction
Read more
Office Vacancy Rates in Canada Reach 30-Year High
According to a groundbreaking report by renowned commercial real estate firm CBRE, Canada is experiencing a shocking surge in office
Read more
“Shock” In Higher Payments: OSFI Warns of Overreliance on Extended Mortgage Amortizations
The Office of the Superintendent of Financial Institutions (OSFI), Canada’s banking regulator, has issued a cautionary statement highlighting the excessive
Read more
New Home Prices Slump 0.6% as High Interest Rates Bite
The price of a new home in Canada climbed upwards in May thanks to higher building material costs, but the
Read more
Exposing the Crisis: New Tool Tracks MP Investment In Real Estate
The Maple recently released a comprehensive database of landlord Members of Parliament (MPs) in the country. The initiative aims to
Read more
CMHC: Housing Starts Plummet 23% in May
The CMHC on Thursday reported that housing starts across Canada decreased by 23% in May, from 261,357 units in April.
Read more
OSFI Urges Action On Canadian Mortgage Extensions Before It Becomes “Unmanageable”
Canada’s financial regulator has sounded the alarm on the mounting risks associated with mortgage extensions, urging lenders to take immediate
Read more
Canadian Home Sales Increased in April as Demand Continues to Outweigh Supply
Despite high interest rates and dampened economic conditions, the demand for housing across Canada isn’t showing signs of wavering. Latest
Read more
Ottawa Relaxes Foreign Home Buyers Rules After Loosely Banning It
Only months after the new laws went into effect, the Canadian government is removing some limitations on foreigners acquiring residential
Read more