rental market Archives - Mortgage Rates & Mortgage Broker News in Canada

Competition Bureau probing if landlords used AI to set rents

Competition Bureau says it’s probing whether landlords are using AI to set rents

February 19, 2025 No Comments

The Competition Bureau has confirmed it’s investigating the possible use of AI-driven algorithmic pricing in Canadian real estate rental markets.

Montreal tightens rules for short-term rentals, including primary residences

January 30, 2025 No Comments

Montreal is further tightening restrictions around short-term vacation rental platforms by boosting the number of inspectors and limiting when people can rent out their primary residences.

‘Turning point’: Rent prices should see relief this year, but markets still tight

January 26, 2025 1 Comment

For Canadian renters, it may feel like the years since the COVID-19 pandemic have brought one hit after another.

B.C. launches short-term rental registry with annual fees to rein in ‘speculators’

January 20, 2025 No Comments

British Columbia is launching a registry for short-term rentals to further crack down on “speculators” operating illegally, said Housing Minister Ravi Kahlon.

Average rents across Canada fall to lowest level in over a year

January 9, 2025 No Comments

The average asking rent across Canada fell to $2,109 in December, marking its lowest point in 17 months, according to the latest data from Rentals.ca and Urbanation.

Rental supply gains help cool pace of rent growth in 2024: CMHC

December 17, 2024 No Comments

The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year amid Canada’s largest gain of purpose-built rental supply in more than three decades.

Rent inflation to slow in the next few years, Desjardins predicts

November 14, 2024 No Comments

The rate at which Canadian rental prices are increasing should slow in the coming years as the government’s plan to cut back immigration numbers takes hold, a new report from Desjardins says.

Mortgage rate war to intensify as lenders compete for renewal business, analyst says

November 14, 2024 No Comments

Former Scotiabank Mortgage head John Webster weighed in, noting that the big banks’ competitive pricing is unsustainable and unlikely to continue for long.

N.B. election: Tenants’ rights group presses parties to impose cap on rent increases

October 10, 2024 No Comments

With New Brunswick’s provincial election approaching, a housing advocacy group is calling on the next government to strengthen tenants’ rights, particularly through caps on rent increases.

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.

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