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Canadian Real Estate | Latest News and Updates
The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada
Real Estate in Canada
P.E.I. on pace to build more social housing than what's promised in strategy
- The P.E.I. Housing Strategy, released in February, promises 560 new social housing units over the next five years, but Rob Lantz says that is not necessarily the limit."We haven't set specific targets," Lantz, the province's housing minister, told CBC News."We're making significant investments and building and purchasing as quickly as we can."The strategy also sets a target of 10,000 new home builds over that same five-year period. If the province reaches that, 560 social housing units would rep
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Real estate news across Canada
- NewsCBC
Timelines change for Bridgeland Place redevelopment
The last tenants moved out of Bridgeland Place last year, but it's less than clear when anyone will be moving back in.It's also unknown when the city's plans to redevelop land around the affordable housing building will move forward.The high rise, which first opened in 1971, was closed by the city early in 2023. There were concerns about its failing heating and water systems, as well as the condition of its outdated and aging units.The city-owned Calgary Housing Company (CHC) is responsible for
- BusinessYahoo Finance Canada
Canada real estate: Home sales edge up in June, but market remains subdued
"It wasn't a 'blow the doors off' month by any means, but Canada's housing numbers did perk up a bit."
- BusinessCBC
Fewer home sales and lower average housing prices in Canada compared to last year
Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024. According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up by 3.7 per cent between May and June 2024. However, monthly sales activity was 9.4 per cent lower compared to June 2023.The average home price in Canada for June
- NewsYahoo Finance Canada
Canadian cities where rent has risen the most since the pandemic
Across Canada, the average asking rent for one-bedroom units has risen from $1,414 per month in April 2021 to $1,849 this June, according to Rentals.ca data — an increase of about 30.8% in slightly more than three years.
- NewsCBC
Sale of Edmonton's long-vacant Army & Navy raises excitement for new life on Whyte Avenue
"Sold" written in big red letters on Whyte Avenue's venerable Army & Navy store is the latest sign of new life in Edmonton's rapidly evolving shopping and entertainment district. Significant commercial turnover and new development have visibly changed the Old Strathcona district in recent years, with attention now turning to how the 1950s-era discount store will be reinvented, more than four years after it shut its doors."At this point, we haven't spoken to anybody that's interested in [leasing]
- BusinessCBC
Edmonton housing prices are up and expected to keep rising with growing demand, realtors say
Buying a home in Edmonton will cost slightly more than last year but the overall cost of housing is still well below the national average, according to a house price survey released by Royal LePage Thursday. The price of a home in Edmonton from April to June this year was $450,600 — a 3.7 per cent increase in aggregate cost from the same period last year.In Canada, it was $824,300 in the second quarter of 2024 — a 1.9 per cent increase from the same time last year. Aggregate price is averaged ov
- BusinessYahoo Finance Canada
Canada real estate: Home prices continue to rise despite slumping sales, says Royal LePage
Royal LePage said the national aggregate price of a home increased 1.9 per cent on an annual basis to $824,300 in the second quarter of 2024.
- BusinessBloomberg
Chile Braces for a $552 Million Flood of Commercial Real Estate
(Bloomberg) -- Investors in Chile are bracing for a rare flood of commercial buildings to hit the market as two of the nation’s largest real estate investment funds near liquidation.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatSaudi Prince’s Trillion-Dollar Makeover Faces Funding CutbacksModi’s Embrace of Putin Irks Biden Team Pushing Support for KyivArchegos’ Bill Hwang Convicted of Fraud, Market ManipulationStocks See Big Rotation as Yields Sink on Fed Be
- NewsCBC
15% of Montreal tenants experienced bout of homelessness, survey shows
About 15 per cent of all tenants in Montreal experienced homelessness at some point, a new Léger survey shows.Just last year, that number was about 10 per cent, according to a report by non-profit organization Vivre en Ville and the city.Léger exclusively polled tenants and excluded people currently experiencing homelessness."The figures were dramatic last year, but now we're seeing just how bad it's getting. And without these studies, well, we wouldn't be seeing it," said Adam Mongrain, housing
- BusinessBloomberg
Distressed Property Buyers Seek Out ‘Exceptional Bargains’
(Bloomberg) -- Distressed investors see one of the best opportunities in a generation to buy troubled US real estate assets as the commercial property crash continues to roil the market.Most Read from BloombergSaudis Warned G-7 Over Russia Seizures With Debt Sale ThreatArchegos’ Bill Hwang Convicted of Fraud, Market ManipulationBiden Aides to Meet Senators After Pelosi Remarks Deal BlowNATO Singles Out China Over Its Support for Russia in UkraineDistressed Property Buyers Seek Out ‘Exceptional B
