CP24 | Real Estate News

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.

While the Bank of Canada may be lowering interest rates, the move is not having an immediate effect on Canada‘s housing market, an economist at one of Canada’s biggest banks says.

The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower. 1

Some Canadian banks say they're starting to question how aggressively they go after mortgage customers amid intense competition. 2

Canada's housing market softened slightly in July from a month earlier as sales of existing homes dipped and new listings inched up, the Canadian Real Estate Association said.

Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report.

A 37th-floor luxury condo in the heart of Toronto’s entertainment district that sold for a $320,000 loss is an example of a condo market that hasn’t been this tough in decades, realtors and observers say. 2

Singapore's housing model, where the government plays a dominating role in land ownership, property development, financing and other related aspects of society, has been held up numerous times by others such as Eby as a path to affordability here in Canada. But the idea isn't without its critics, especially when much of the policy may not be applicable in the Canadian social environment.