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Traditional lenders drove 2024 mortgage growth in Ontario: FSRA

6 days ago

Traditional lenders drove 2024 Ont. mortgage growth: FSRA

Traditional lenders saw a minor increase in mortgage activity in 2024 as the number of mortgages from private lenders ticked downward, new data from the Financial Services Regulatory Authority of Ontario (FSRA) shows.

Stop-work orders point to 'systemic problem': homebuilder

COLUMN: Vancouver homebuilders are scrambling to figure out how to proceed with current and future residential projects, after the revelation the city has halted work on nine medium-density developments because they were too close to power lines.

Ontario brokerage collapse raises questions about oversight

The collapse of iPro Realty Ltd., the fourth-largest real estate brokerage in Ontario, with close to $8 million missing, is raising questions in the industry about whether its financial oversight regulations are adequate.

Ottawa loses out on millions after missing housing target

Ottawa received more than $37 million in provincial funding last year for making a strong start on new homes, surpassing 93 per cent of its 2023 target. But this year, the city won't get a penny. 

Market conditions now ‘balanced,’ keeping a lid on prices

Although the number of transactions on the resale market has risen over the past four months, “market conditions . . . have eased considerably and now indicate a balanced market after being tighter than average,” National Bank economist Daren King said.

Semis lead the way as Toronto-area real estate sales pick up

Many Toronto-area homeowners and potential buyers remain cautious, but others are moving on to a new phase of life. Semi-detached houses have been the hottest commodity in the midtown neighbourhoods of Leaside and Davisville, according to one broker.

Cheap condos, costly surprises: Fine print on $300K homes

It is truly the equivalent of landing a white whale: finding affordable housing in Vancouver. But if you look deep enough in the market, there are deals to be had, though they are not for the faint of heart.

Fewer condo units coming to market in Metro Vancouver

The slump in condo presales in Vancouver's Lower Mainland has resulted in fewer projects being launched and fewer units coming to market. Only 35 projects were launched between January and July in Metro Vancouver and the Fraser Valley.

What the average Toronto home is expected to cost by 2032

Concordia University's AI models say the average cost of a Toronto home will rise to a whopping $1.8 million by 2032 — a figure that could be curbed substantially by expediting residential building projects.

The crackdown on unauthorized use of real estate lockboxes

OPINION: The unauthorized use of real estate lockboxes for unsupervised access to listed properties continues to be a matter of concern to the Real Estate Council of Ontario and the Toronto Regional Real Estate Board.

Ont. cottage owners pull rentals due to new licensing rules

Short-term rental licensing rules are becoming a popular way for municipalities to regulate vacation homes in Ontario's cottage country. But the new rules are causing frustrations among property owners, some of whom are pulling homes off the rental market.

Can renting really be as good as owning?

While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becomes a far-fetched dream for many young Canadians, can renting for life be a viable option?

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