Millennials earn more than their parents did — but owe a lot more Cost of housing a major factor, making bigger gap between rich and poor young people today The gap between the richest and poorest millennials is wider than it was for previous generations, new figures from Statistics Canada show. Millennials make more money […]

A closer look at the taxes that sent Vancouver’s luxury housing market reeling Vancouver is buckling under a slew of regulations introduced since 2016 to tame years of relentless growth that made the city the most unaffordable on the continent   Vancouver’s housing market is buckling under a slew of taxes and regulations introduced since […]

 High lease prices driving Metro Vancouver’s industrial innovation Hungerford Properties is considering a multi-storey industrial project at a site it bought on Southwest Marine Drive in Vancouver a year ago when the site was valued at $24.3 million. The three-acre parcel is now assessed at $44.3 million | Submitted Industrial real estate specialist Bruno Fiorvento […]

Five things to watch for in the Canadian business world this week   Housing starts CMHC releases its latest read on the Canadian housing market on Monday when it publishes its preliminary data on housing starts for March. The annual pace of housing starts cooled in February as higher mortgage rates and less stimulative economic […]

Canadian Mortgage Rates Are Being Pushed Lower by Canadian fixed mortgage rates have been on a steady downward march of late. Their decline has been underpinned by softening domestic economic data, which have pushed down Government of Canada (GoC) bond yields, on which our fixed mortgage rates are priced. Our weakening economic backdrop has also […]

‘Financial markets are starting to bend’: What the inverted yield curve means for Canadians Economic change is afoot   Some economists have learned to think of it as a precursor to recession. For those who are more conservative, it may simply mean that the Bank of Canada is about to cut interest rates. Few are […]

Online real estate auctions try to shake up sales with novel approach Experts say online auctions are a way to give sellers more certainty in a buyers market A house at 39623 Old Yale Road in Abbotsford, B.C. is shown in a handout photo. An online auction for a luxury home in nearby Abbotsford, B.C., […]

Trudeau’s budget targets home-buying millennials with equity plan Canada’s housing agency will spend up to $1.25 billion over three years to take equity positions in homes bought by first-time buyers, part of a plan by Justin Trudeau’s government to make housing more affordable for the youngest voters. According to federal budget documents released Tuesday in […]

Federal budget to include measures to ease burden of buying a home. OTTAWA — The Trudeau government will take steps in Tuesday’s federal budget to make home-buying more affordable with changes affecting supply, demand and regulation, The Canadian Press has learned. Finance Minister Bill Morneau has promised the budget will focus on ways to help […]

Canadian Real Estate: What $500K buys you across the country The latest stats from the Canadian Real Estate Association (CREA) pinpoint the country’s average home selling price at $454,776 as of January 2019. This amount can fetch some sophisticated properties in certain parts of Canada, boasting a lot of space as well as an entire […]