If someone hasn’t been following Canada’s real estate market over the past year, the latest data from the Canadian Real Estate Association (CREA) may give the impression that not much has happened. After all, the average price of a home in Canada this July was $481,500, up just 1 per cent from 12 months ago, according to the monthly CREA … Read More

Vancouver’s industrial lease rates surged by 29.1 per cent over the last year. Beijing ranked second overall with a year-over-year increase of 19.8 per cent. The price to lease industrial and logistics space in Metro Vancouver increased more than in any other market in the world during the past year, a new report says. Vancouver’s industrial lease rates surged by … Read More

Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year. Transactions nationwide rose 1.9 per cent from June to 38,612, bringing them back toward the 10-year average, the Canadian Real Estate Association said Wednesday from Ottawa. Sales in Toronto … Read More

Stress test rules implemented earlier this year have cooled the market, numbers suggest The average price of a Canadian home was $481,500 last month, a rise of one per cent in the past year. July marked the first time this year that average house prices eked out an annual increase, the Canadian Real Estate Association said Wednesday, as the impact … Read More

If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option? The main difference is a bank mortgage officer represents only the products their institution offers, while a mortgage broker is an intermediary who works with multiple lenders and … Read More