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Forced multi-unit renovation promotes housing reform, can BC Province's new policies shape a residential paradise?
On June 30th, the BC government will require all major cities in BC to allow the construction of more residential units on land currently designated as single-family or duplex residences.
Statistics Canada on the New Housing Price Index for May 2024
The national index rose by 0.2% in May compared with April with prices growing in 10 of the 27 census metropolitan areas (CMAs) surveyed.
With an increase in housing stock, a decline in sales, and a decline in operating rates, where will Canadian real estate go in the context of high interest rates?
The number of listings in the Canadian real estate market surged, and listed inventory recorded the biggest monthly increase on record, as demand for home buyers weakened amid high interest rates.
Jump in Canadian Home Sales May Not Yet Be Start of Recovery -- Market Talk
Canadian existing home sales jumped almost 9% last month to end a string of five straight monthly declines, though it may be too early to cue a recovery for the market, suggests Desjardins' Marc Desormeaux.
BMO Comments on Canada's Existing Home Sales in December
Canadian existing home sales bounced 8.7% m/m in seasonally adjusted terms in December from the frigid conditions in the prior month, said Bank of Montreal (BMO), based on Monday's Canadian Real Estate Association (CREA) data.
Declining Stock and Solid Fundamentals: Is The Market Wrong About Comet Industries Ltd. (CVE:CMU)?