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Toronto real estate: RBC says housing market lost steam in June

There was a “sharp rebalancing of demand-supply conditions” in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests. The report, released last week, notes that home sales fell 6.9 per cent in Toronto …

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Understanding the Homelessness Reduction Act, 2017

What the Homelessness Reduction Act Means Like most laws, the Homelessness Reduction Act 2017 is complex. However here are the main ways in which it contributes to homelessness legislation. Local housing authorities (which are the local council) must provide homelessness services to all those affected, not just those who have what is considered to be …

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Reported real estate flipping has opposition blasting Quebec housing minister – Montreal

One of Quebec’s opposition parties, Québec solidaire, has blasted the province’s housing minister after reports surfaced late last week that she was involved in real estate flipping with a business partner who now lobbies the provincial government. “She herself is part of what is causing us to live in a housing crisis,” said Québec Solidaire …

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Mount Pleasant real estate firm moving to new Shem Creek office after $7M purchase

A Mount Pleasant-based development firm that acquired a two-building property on Shem Creek last year will move its offices to the high-profile waterfront site on June 8. WRS Inc. Real Estate Investments will relocate from 550 Long Point Road to Shem Creek Professional Center at 410 Mill St. The company bought the multi-tenant office buildings …

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Real estate: Home prices rebound as the spring market picks up

A recovery in Canadian home prices accelerated in April, as warming weather brought a surge of buyers back into the market to compete for a limited number of properties. The benchmark price for a home in Canada rose to $723,900 (about US$536,000), up 1.6 per cent from March on a seasonally adjusted basis. Transactions surged …

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