The Canadian Press, Author at Mortgage Rates & Mortgage Broker News in Canada

B.C. and First Nations reach deal to sell 2,600 condos at 60% of market value

September 19, 2024 No Comments

An agreement between First Nations and the British Columbia government will see thousands of homes made available in Vancouver at 40-per-cent below cost.

Nova Scotia NDP accuse government of prioritizing landlord profits over renters

September 18, 2024 No Comments

Nova Scotia’s NDP are accusing the government of prioritizing landlords over residents who need an affordable place to live, as the opposition party tables a bill aimed at addressing the housing crisis.

Mortgage rule changes will help spark demand, but supply challenges persist: experts

September 18, 2024 No Comments

Experts say Ottawa’s changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada’s real estate sector despite lofty goals to build new housing.

B.C. municipal leaders gather to talk infrastructure, addiction, emergency management

September 16, 2024 No Comments

The president of the Union of B.C. Municipalities says communities have billions of dollars worth of infrastructure that will need replacing in the next decade

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

September 16, 2024 No Comments

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely “stuck in a holding pattern” despite borrowing costs beginning to come down.

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

September 15, 2024 No Comments

Economists anticipate that Canada’s annual inflation rate in August fell to its lowest level since March 2021.

Minister of Services Nova Scotia Colton LeBlanc

Despite outcry from opposition, N.S. Tories resist tenancy enforcement unit

September 12, 2024 No Comments

Nova Scotia’s opposition parties say they can’t understand why the government insists the province doesn’t need an enforcement unit to help settle disputes between landlords and tenants.

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

September 11, 2024 No Comments

Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.

Rent increases in smaller markets outweigh declines in big cities in August: report

September 11, 2024 No Comments

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.

Jasper council hears providing temporary housing for all without homes not possible

September 11, 2024 No Comments

Town council in Jasper, Alta., heard Tuesday it won’t be possible to secure temporary housing for everyone who lost their homes in a devastating wildfire in July.

The Canadian Press

B.C. and First Nations reach deal to sell 2,600 condos at 60% of market value

Nova Scotia NDP accuse government of prioritizing landlord profits over renters

Mortgage rule changes will help spark demand, but supply challenges persist: experts

B.C. municipal leaders gather to talk infrastructure, addiction, emergency management

National housing market in ‘holding pattern’ as buyers patient for lower rates: CREA

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

Despite outcry from opposition, N.S. Tories resist tenancy enforcement unit

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

Rent increases in smaller markets outweigh declines in big cities in August: report

Jasper council hears providing temporary housing for all without homes not possible

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