Real Estate

In an effort to combat the country’s severe housing shortage, Canada has announced a significant reduction in immigration targets, creating opportunities and obstacles in the quest to improve affordability. In October, the Canadian government made a pivotal decision to slash its projected intake of permanent and non-permanent residents by over 900,000 over two years. Experts Continue reading

The Toronto housing market, known for its already steep prices, is expected to experience a significant boom in 2025, potentially surpassing Vancouver as the most expensive real estate market in Canada. Royal LePage President and CEO Phil Soper has provided key insights into the dynamics driving this forecast and the long-term implications for homebuyers. What’s Continue reading

High-Stakes Court Battle Erupts Over Sault Ste. Marie’s Downtown Landmark Station Mall, a central shopping hub in Sault Ste. Marie is at the heart of a high-stakes legal battle following the mortgage default by SM International Holdings, the mall’s current owner. The $18-million mortgage went unpaid when it matured earlier this summer, sparking concern and Continue reading

Returning to full-time work after a lengthy career break brings financial opportunities—and dilemmas. With extra income now coming in, many people face the big question: Should they focus on paying down their mortgage faster or put more money into their retirement savings? For a couple in their mid-forties, this can be a pressing concern, especially Continue reading

For the first time in more than three years, annual rental prices across Canada have recorded a decline. According to a recent report by Rentals.ca and real estate data firm Urbanation, rental prices in October 2024 were down 1.2% compared to the same month last year. This notable decline is largely driven by decreases in Continue reading

Consumer Confidence Rebounds Amid Steady Sales Activity Ottawa’s resale housing market has shown promising signs of recovery in October 2024, with 1,179 units sold through the MLS® System of the Ottawa Real Estate Board (OREB). This represents a significant increase compared to 1,047 units sold in September, signaling growing consumer confidence bolstered by favorable economic Continue reading

Ottawa’s Real Estate Market Sees Unprecedented Growth in October 2024 The Ottawa housing market experienced a dramatic rise in activity this October, with home sales increasing by nearly 50% compared to the same month last year. New data from the Ottawa Real Estate Board (OREB) reveals that 1,179 homes and condominiums were sold in October Continue reading

With rising living costs in Canada’s major metropolitan hubs, many are seeking cities that offer both affordability and strong job growth. The following cities combine lower housing costs with promising employment opportunities, making them ideal choices for those looking to balance lifestyle and career potential. 1. Winnipeg, Manitoba: Affordable Living with a Thriving Job Market Continue reading

The City of Winnipeg has launched a tax-increment financing (TIF) initiative designed to spur private-sector investment in urban development projects. This approach, which has so far seen the city forgo $49.3 million in potential tax revenue since 2022, aims to leverage over $1 billion in capital investments. This article explores the impacts of this bold Continue reading

The Ontario real estate market has been in turmoil in recent months, with fluctuating prices and market uncertainty. One high-profile case that highlights these trends is the sale of a Toronto home that ultimately sold for a staggering $430,000 less than its original price—following years of legal battles and failed attempts to close a deal. Continue reading