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U.S. home prices hit an all-time high as sales slow and mortgage rates rise

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.

House rich, cash poor: When a reverse mortgage might make sense

Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States.

Mortgage broker submitted ‘falsified’ income documents with 8 applications to lenders, BCFSA says

A B.C. mortgage broker has agreed to pay $80,000 to a provincial regulator and have his registration cancelled after admitting he supplied falsified income documents to lenders in eight mortgage applications.

Average asking rents fall over 4% in June compared to last year, new report says

Asking rents in Canada continued to sink lower last month compared with a year ago, with a new report pegging the average cost at $2,033 for June.

StatCan study examines the role real estate investors play in housing price increases

In recent decades, home and rental prices have risen significantly in Canada, raising questions about the role of real estate investors both big and small when it comes to housing affordability.

New submarine jobs raise housing concerns in Halifax

When Canada chose German company ThyssenKrupp Marine Systems (TKMS) to build up to 12 new submarines, it also opened the door for Halifax, with its strong naval tradition, to experience an employment boom over the next decade.

Montreal-area home sales down 8% in June as listings continue to rise: board

Montreal-area home sales decreased 8.2 per cent in June as the province’s real estate board says the supply of properties on the market rose.

Office market sees first full-year of recovery since pandemic disruption: CBRE

A new report from CBRE says Canada’s office market has officially experienced one full year of recovery since the COVID-19 pandemic disrupted the sector.

Vancouver-area home sales up nearly 10% in June amid broad increase in demand: board

Vancouver’s real estate board says the region saw increased activity in June as demand for all home types rose compared with the same month last year.

Greater Toronto home sales up 9.4% in June as board predicts price growth could come

The Greater Toronto Area continued to see higher home sales last month compared with a year ago even as new listings slowed.

Calgary home sales fall nearly 4% in June as demand eases: board

Real estate activity in Calgary took a dip in June compared with a year earlier as prices also fell.

‘I regret doing this’: Ontario woman buys condo in Mexico. 3 years later, it’s still not finished

Over two-and-a-half million Canadians travel to Mexico each year and it’s estimated more than 100,000 Canadians own property there.

Affordability concerns still paramount for renters even as prices fall

A new survey of Canadian renters says affordability concerns continue to far outweigh all other rental market challenges even after nearly two years of declines in asking prices.

What is a ‘turn-key home’? It’s the most desirable kind of property right now, says realtor

The state of Winnipeg’s housing market is 'somewhat tumultuous' in the eyes of one local realtor, as houses are continuing to sell at high prices, making it difficult for some buyers.

Carney says B.C. condo buyout proposal is about affordability, not bailouts

Converting British Columbia’s glut of unsold condos into affordable housing is about supporting Canadians, not distressed developers, Prime Minister Mark Carney said Thursday in defence of his government’s proposal.