The Bank of Canada has announced a new slate of rate cuts. The nation’s central bank reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. With this announcement, the Bank of Canada noted the...
Housing starts mostly were down 16% in Canada during August, with a total of 245,791 units compared to July’s total of 293,537 units. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 10% year-over-year in centers...
Canadian Prime Minister Mark Carney has created a new endeavor designed to expand affordable housing opportunities, while new data shows Canadian home sales are rebounding. According to a statement from Carney’s office, the newly launched Build Canada Homes is a...
Graywood Developments, a Toronto-headquartered real estate investment management company, announced its strategic expansion into the Build-to-Rent sector. As part of the move, Graywood has earmarked five residential communities under development in Toronto as rental...
Trump administration officials acting strangely, a bill to protect Ohio seniors from foreclosure, and a nation experiencing its fifth blackout in a year. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Sept. 8-12. Hit: Fight...
The Canadian government has rolled out the Canada Greener Homes Affordability Program (CGHAP), a new initiative designed to help low- to median-income households reduce their energy bills and greenhouse gas emissions through no-cost home retrofits. CGHAP will be...
