Real Estate

TORONTO — A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation, which analyzes monthly listings from Rentals.

OTTAWA — The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands

The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

Enforcement against short-term units is to start May 1. New law bans most short-term rentals that are not part of an owner’s principal residence.

The plan for a new film production studio in Big Bend by Larco Investments (Bridge Studios) is not going ahead, according to the Burnaby mayor.

Resort community argues unique needs, tourist economy justify exemption

TORONTO — Three in four Canadians who don't own a property say buying a home feels out of reach, a new poll shows.

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.

A significant portion of new developments under construction are in strata industrial.

OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.