Residential

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

Home sales in Ottawa were 29.6 per cent below the five-year average and 23.6 per cent below the 10-year average for the month of September, the Ottawa Real Estate Board (OREB) reported Friday.

OBJ sat down with Minto Communities president Brent Strachan to discuss the challenges facing the housing industry, how the public and private sectors can help, and what the future holds for Minto.

The housing agency says builders started work on 2,164 new apartment units, including condominiums and rentals, between January and the end of June, up 38 per cent from the same period in 2022.

A total of 2,454 condos changed hands in the capital between January and the end of August, down from 2,964 in the same period in 2022, Re/Max said in its annual condominium report released Tuesday.

A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government's decision to eliminate GST charges on rental developments.

Finance Minister Chrystia Freeland introduced legislation Thursday morning that would remove GST charges from new rental developments and update the country's competition law.

The annual pace of housing starts in the National Capital Region bounced back last month, rising 39...

The federal government’s plan to remove the GST from the construction of new rental projects will trim...

The Canadian Real Estate Association says home sales slowed last month as they tumbled by roughly four per cent between July and August.