The City of Toronto and CreateTO have named the development partners for the first Housing Now site led by Indigenous people for Indigenous elders. The Missanabie Cree First Nation has …
Canada
Toronto City Council Voted to Raise Development Charges
The Toronto City Council voted to raise development costs, which will result in some development application processes costing more than $40,000. Residential building fees increased by 46%, while non-residential building …
Sharp housing price drops expected across Canada
According to Desjardins, the average home price in Canada will drop from its peak in February of this year by about 25% by the end of 2023. Desjardins revised its …
Greater Toronto-area home sales are down 47% from last July
The Greater Toronto Area’s housing market moderated last month, as the region’s real estate board discovered that July sales were down 47% from the same month a year ago and …
The decline in Canadian real estate prices cause buyers’ regret
After the whirlwind of bidding wars have calmed down, some property buyers regret their outrageous spring offers now that prices have fallen. The Royal Bank of Canada analyst, Claire Fan, …
Some Canadian homes selling at a $200,000 discount
Homes are starting to sell at a discount, a pattern that was unfathomable only a few months ago in the once-hot Canadian real estate market. A five-bedroom luxury home in …