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Canadian City Sells Historic Building Valued at $475,000 for $1,000

Canadian City Sells Historic Building Valued at $475,000 for $1,000

by Phil Hall | Jul 10, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The city council of Fredericton, New Brunswick, has voted to sell a historically significant building valued at $475,000 to a private developer for $1,000. According to a CBC report, the sale of Lemont House to State Street Properties carries the condition that the...

Canada Seeks Design Services for Housing Design Catalogue

by Phil Hall | Jul 8, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government has announced a formal Request for Proposals (RFP) for the Housing Design Catalogue, with the goal of seeking design services for the development of low-rise housing. The first iteration of the Catalogue is slated to begin later this year and...
Canada Invests $1.5 Billion into Co-op Housing Program

Canada Invests $1.5 Billion into Co-op Housing Program

by Phil Hall | Jun 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government has introduced a new affordable housing initiative focused on the creation of thousands of co-op housing units. The Co‑operative Housing Development Program is a $1.5 billion endeavor created with the Co-operative Housing Federation of Canada...
Toronto Home Sales and Prices Declined in May

Toronto Home Sales and Prices Declined in May

by Phil Hall | Jun 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area recorded 7,013 home sales in May, according to new data from the through the Toronto Regional Real Estate Board (TRREB). This represented a 21.7% drop from the 8,960 sales reported in May 2023. The drop in sales was seesawed with a rise in new...
Vancouver Home Sales Slump Despite Spike in Inventory

Vancouver Home Sales Slump Despite Spike in Inventory

by Phil Hall | Jun 5, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Residential sales in the Vancouver metro market totaled 2,733 in May, a 19.9% decline from the 3,411 sales recorded one year earlier. According to data from Greater Vancouver Realtors, last month’s sales total was also 19.6% below the 10-year seasonal average for May...
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