CP24 | Real Estate News

The number of homes sold in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

As the average asking price for an apartment in Canada continues to hit new highs, data suggests prices dropped in Toronto last month year-over-year, albeit only less than one per cent. 1

A multi-million-dollar house in Milton, Ont. is unofficially dubbed the 'Bugatti' of luxury real estate, which may be why it was the most viewed home in Canada on Zoocasa last month. 1

As more and more of her friends and neighbors found themselves priced out of rental units in Venice Beach, Judy Branfman began photographing the dozens of houses, bungalows and apartments being sold, renovated and then relisted at double or triple the cost.

House prices in the Greater Toronto Area (GTA) are higher than they were this time last year, even though sales are cooling down, according to a new report. 1

The Canadian Real Estate Association has lowered its forecast for home sales and prices this year due to weakness in Ontario and B.C., as it now expects a nearly 10 per cent drop in the number of residential properties to trade hands compared with 2022. 1

With rising interest rates, home prices and inflation, a recent survey found most Canadian millennials have delayed buying a home. The research by real estate brokerage Zoocasa found 67 per cent of those 1,600 surveyed were currently or had recently put off the idea of home ownership in the current economic climate. 1

A new report says Toronto's condo market could be headed for a slowdown amid high interest rates and a dearth of buyers. 1