Real Estate

Toronto reaches deal with Ottawa to build more housing, inflation holds steady: Canadian real estate news for December 23

Open this photo in gallery:

Canada’s Prime Minister Justin Trudeau makes a housing announcement with Toronto Mayor Olivia Chow and Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland at a press event in Toronto, on Dec. 21.CARLOS OSORIO/Reuters

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

Take The Globe’s business and investing news quiz

Toronto reaches $471-million housing deal with Ottawa to build 53,000 units in the next decade

In an announcement in Toronto this week, Prime Minister Justin Trudeau said the $471-million deal will produce 12,000 homes in the first three years – the largest agreement yet through the federal Housing Accelerator Fund, writes Oliver Moore and Jeff Gray. One-quarter of the money will flow immediately, with the rest disbursed

Read more
Real Estate

Prices hold steady as recreational real estate sales slow

Foreign-buyer ban, new short-term rental regulations and high interest rates slash B.C. vacation property sales by up to 50 per cent

B.C. recreational property sales continue to come off their pandemic-era highs, but rising interest rates are just one of several factors at play as the market seeks balance.

“There was a real frenzy in the pandemic years. It created a lot of froth in the market,” said Christopher Alexander, president of Re/Max Canada. “It’s really getting back to normal.”

The good news is that prices are holding steady even as sales continued to slide this year, underscoring the limited impact of rising interest rates.

“Sales are down pretty aggressively, but prices have stayed in pretty decent shape,” he said.

Within Western Canada, ski hill visitation is stabilizing as international tourists return but real estate sales at B.C. resorts such as Whistler, Big White in the Okanagan and Mount Washington

Read more
Real Estate

Spring sales hold steady in Fraser Valley real estate market

Article content

SURREY, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) — Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.

Advertisement 2

Read more
house foreclosures

Houston Foreclosures Are Convalescing Swift And Steady

Real EstateLearn the most recent information about residential and industrial real estate in the Seattle space and Pacific Northwest. Sunworld and Spire World has joined collectively to, give life, this wonderful undertaking. They’re a development platform in developing commercial complexes, group housing colonies, residential apartments, townships, IT Parks and mixed use developments, throughout India. The Group works effectively and creatively to support the Mainstream Inexperienced Ideology. Together, the duo are setting numerous benchmarks and designing the way forward for real-estate in India.

Aside from all of this, the group manages the surroundings and hence is certified by U.S Inexperienced Constructing Council and Vitality Star. So, they actually almost all their building utilizing local assets and without disturbing nature. They will additionally assist you with custom cabinets for the kitchens, rooms and loos. The company can be trusted by the federal government and did initiatives like United States Basic Companies Administration, Housing …

Read more