Canada’s real estate market eases back into balance after summer slowdown
The Bank of Canada’s back-to-back interest rate hikes put a damper on the housing market rebound this summer, with sales edging down in July for the first time in six months.Royal Bank of Canada economists Robert Hogue and Rachel Battaglia say extremely hot weather and massive forest fires may have
Toronto-area home building shifts into low gear as developers pause or cancel projects
Toronto-area homebuilders say a perfect storm of factors has more real estate developers pausing or cancelling new projects, even as the province touts new plans to achieve its ambitious goal of building 1.5 million new homes by 2031.“If you’re a builder and you have a building permit, that doesn’t
‘If there is ever a time for action, it is now.’ GTA sees lowest new condo sales in 23 years in July
Home construction stalling on ‘perfect storm’ of high interest rates, building costs, BILD president says.
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