Real Estate

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank can't solve the housing crisis with interest rates because the root cause is a supply shortage.

Julee Kaye: "By telling me I'm not allowed to share it part time, the city is eliminating all those benefits and increasing the pressure on other housing stock."

The site assessed at $98M will be allowed to hit the market in about three weeks

B.C.'s residential construction industry is anticipating a 4,500-worker shortfall this year

TORONTO — From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.

The West Point Grey property was once used for a U2 video shoot.

High immigration levels, mortgage prices keeping would-be homebuyers in rental units.

Activity picked up in the second half of last year as buyers shifted their preference to detached homes.

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.

Development potential outweighs impact of high borrowing costs