CP24 | Real Estate News

Feds propose tax on foreign-owned vacant properties

The federal budget tabled by the Liberals on Monday includes a stick targeting non-Canadians who own vacant properties.
Canadian home sales up 76% year-over-year, set new March record: CREA

The Canadian Real Estate Association says home sales hit an all-time record in March as supply slowly returned to the overheated market.
Toronto rent prices slowly picking up after months-long decline, new report says

Rental prices in Toronto are slowly picking up for the first time in more than 14 months amid the COVID-19 pandemic, a new report has found.
Canadian housing market faces 'moderate' degree of vulnerability: CMHC

Canada's housing sector is facing a “moderate” degree of vulnerability to market instability for the second straight quarter and showing signs of overheating for the first time this year, says the country's housing agency.
CREA expects record home sales this year as market remains strong

The Canadian Real Estate Association is predicting home sales will be so strong they'll reach record highs this year, before starting to cool in 2022.
Home sales shifting towards pricier housing in several major markets, CMHC says

A Canada Mortgage and Housing Corp. report has found the COVID-19 pandemic was no match for Canada's real estate market, which saw prices and sales soar in several major cities during the health crisis.
January home sales hit new record for the month as prices also post record high

Canadians didn't let COVID-19 or a lack of housing supply stop them from flocking to the real estate market in January as they snatched up a record number of homes and shelled out more than they had in previous years. 1
Average GTA home price to top $1 million for first time in 2021: TRREB

Homebuyers in the Greater Toronto Area better prepare to spend more than they ever have before. 2