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Real Estate

Ontario’s cottage country real estate market may be stagnating

Cottage country homes may be sitting on the market for longer than what is typical for this time of year, according to a report.

May home sales down 4.3 per cent from year ago, but activity up month-over-month

Home sales in May fell 4.3 per cent compared with a year ago, however the Canadian Real Estate Association said Monday that activity picked up when compared to the previous month.

CMHC says annual pace of housing starts in May down 0.2 per cent from April

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.

Dreaming of a lakeside cottage but can’t afford it? Co-ownership could open that door

Also called co-ownership, it allows people to buy a share of a property with others, whether it’s family, friends or even strangers.

How undervaluation of Vancouver sites could cost millions in property taxes

Retired architect Michael Geller says he’s always keen to restore some “justice” to Vancouver’s real estate scene.

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

The parliamentary budget officer says Ottawa’s plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home.

Federal government slow to reduce, modernize its office space

The federal government has moved slowly to reduce its office space, a new report by Canada’s auditor general said Tuesday.

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

A new analysis says first-time Canadian homebuyers could save up to $240 on their monthly mortgage payments through the federal government’s proposal to waive the sales tax on new builds.

Average asking rents fall annually for eighth straight month to $2,129: report

The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases.

Montreal home sales, prices rise in May despite steady rates and economic uncertainty

Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city’s real estate board says both activity and price growth show no signs of tapering off.

Toronto housing among least affordable on this global index. Here’s what experts say needs to change

A new global index suggests Toronto is among the world’s worst cities when it comes to housing affordability — as experts blame decades of policy missteps, development delays, and overwhelming population demand for the problem.

How to get the most from a home inspection

The few hours you spend with an inspector may just be the most important part of your home-buying process.

Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD

A survey shows nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up -- with many anticipating having to adjust their budget to keep up with the higher cost.

Got extra cash? Here’s when experts say it’s best to make a lump-sum mortgage payment

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of thousands of dollars and most of your regular payments are going toward paying interest.

‘Market correction’: Heaps Estrin CEO says tariffs climate weighing on Toronto real estate

Real estate in the Greater Toronto Area has entered correction territory as tariffs and the current geopolitical situation are weighing on home buying activity, according to one real estate CEO.