CP24 | Real Estate News

Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. (CMHC) said.

Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.

Canadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. 2

The professional photographs posted on a property tour website last year show Moffy Yu's condo in downtown Toronto, a light-filled two-bedroom home with floor-to-ceiling windows framing sweeping views from the tallest residential tower in Canada. 2

There have been two incidents this month of homeowners coming back from a trip to find their house has been sold or listed on the market without their consent. 1

Homeowners and renters in Ontario pay some of the most expensive fees across the country, but a few cities in the province have more affordable prices. 2

The average selling price for all Greater Toronto Area homes saw another drop in December to close 2022 – a year in which the region's housing market started strong before being tempered by interest rate hikes. 1

Toronto real estate was definitely one of the hottest topics in 2022 with a major housing correction hitting the market in the spring, resulting in plummeting home sales and prices. 1