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Real Estate

CREA reports worst January for home sales since 2009 as sales fall

CREA reports worst January for home sales since 2009 as sales fall

OTTAWA — The Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.
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CMHC says annual rate of housing starts slowed 13 per cent in January

CMHC says annual rate of housing starts slowed 13 per cent in January

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 13 per cent in January.
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Developers with partial foreign ownership blocked from building housing supply in Canada

Developers with partial foreign ownership blocked from building housing supply in Canada

The Canadian Home Builder Association says it hopes this is an "unintended consequence" of Ottawa's foreign buyer ban regulations
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New Metro Vancouver retail spaces to help support strong year for the market: CBRE

New Metro Vancouver retail spaces to help support strong year for the market: CBRE

The Post and Willowbrook Mall expansion are seeing "significant leasing traction," according to CBRE's Retail Rent Survey
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B.C. home sales cut in half as high borrowing costs depress sales activity

B.C. home sales cut in half as high borrowing costs depress sales activity

Home sales in Greater Vancouver are close to the lowest they can get, says BCREA economist
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Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Rob Shaw: B.C. renters now entitled to highest rate of interest on deposits in two decades

Landlords are required to pay 1.95 per cent interest on deposits in 2023, under a formula that sets the rate of prime minus 4.5 per cent.
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Rethinking use of downtown office space leading to more subleases, vacancies

Rethinking use of downtown office space leading to more subleases, vacancies

The office market is in a period of adjustment as companies understand with more certainty the needs of their employees.
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Displaced Merritt, B.C., residents to move into transitional housing

Displaced Merritt, B.C., residents to move into transitional housing

MERRITT, BRITISH COLUMBIA — Nearly 15 months after catastrophic floods forced the evacuation of the southern interior city of Merritt, B.C., some residents whose homes were destroyed will soon move into new transitional housing.
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Views, yards and decks: Why these seven Port Coquitlam homes sold in seven days or less

Views, yards and decks: Why these seven Port Coquitlam homes sold in seven days or less

Real estate typically slows down in winter, but Port Coquitlam saw a few condos and townhouses sell quickly this past January and early February — despite interest rate concerns.
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Why this Port Coquitlam mom rented a 6,000 sq. ft. warehouse, and what she plans to do next

Why this Port Coquitlam mom rented a 6,000 sq. ft. warehouse, and what she plans to do next

Jessica Skuk started with a home-based, online gift box business. Now, she wants to create a community marketplace for artisan gifts made by Canadian women.
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