Share Existing home sales in the Greater Toronto Area (GTA) rose 27% in August, helping boost sales in Ontario to 25.9% compared to the same period last year, according to the Canadian Real Estate Association (CREA). CREA reported that 18,067 homes traded hands, with average prices up 7.5% to $313,512. With low interest rates and [...]
Share Homeownership costs in Alberta have dropped, reaching levels which were not seen since 3 years ago. This has further boosted the resale market according to the latest second quarter housing affordability report which was released by RBC Economics on September 9th. This is the largest cumulative drop in the history of RBC Affordability measures [...]
Share Housing starts will see a surge in the second half of the year as the real estate market continues to show increasing signs of life. This was reported in a forecast the Canada Mortgage Housing Corporation (CMHC) released on September 3rd. Starts are expected to reach 141,900 for the year and increase to 150,300 [...]
Share After a long discussion and presentations from various stakeholders, the majority of the Moose Jaw city council rejected a bylaw amendment that would have allowed the construction of 15 single family dwellings on a portion of Palliser Heights School property. A neighbourhood resident addressed the concerns about losing a green space by turning a [...]
