Global construction of new housing is expected to increase by 2.0% per year through 2026 to 60.4 million units, according to the newly published “Global Housing Market 2023-2026” report from ResearchAndMarkets.com. Overall, the report predicted multifamily...
Toronto-based Starlight Investments has received approval to move forward with its masterplan and first phase of development of Harris Green Village in Victoria, British Columbia. Starlight Investments purchased the properties along the 900 and 1000 blocks of Yates...
Two new data reports are pointing to a growing level of stability in Canada’s homeownership market. The aggregate price of a home in Canada during the first quarter of this year was $778,300, according to the latest Royal LePage House Price Survey. This represents a...
When it comes to housing construction in Canada, there was more activity when Pierre Trudeau was the prime minister compared to Justin Trudeau’s era. A new study by the Fraser Institute, a Toronto-based public policy think tank, determined more housing was constructed...
Most Canadians are worried that a recession is coming soon, though opinions are split on whether this is the right time to buy a home. In the newly published RBC Home Ownership Poll, 75% respondents admitted being worried about the potential of an upcoming recession....
Inflation is still weighing down Canada’s economy while the nation’s housing market remains in a rut, according to new research from The Conference Board of Canada. “Higher mortgage rates have slowed residential demand and, unsurprisingly, the resale market has...
