A curated list of recent headlines relevant to real estate in Canada, with short excerpts. Click each headline link to read the full article on the source site.
"Late last year, changes to Ontario’s real estate legislation, the Trust in Real Estate Services Act (TRESA), came into effect, making open bidding legal in Ontario. (Real estate is generally regulated at a provincial level, so as of now, these changes only apply to Ontario.) It was big news at the time, but has it made a big impact? Here’s what this legislation means for buyers and sellers in the province, and how it could influence the housing market."
[ Young Canadians have ‘no shortage of barriers’ but are still optimistic about homeownership, report says ]
"About 84 per cent of Canadians aged 18 to 38 say that owning a home is a worthwhile investment, according to a recent Royal LePage survey, and 54 per cent believe it’s an achievable goal."
[ Canadian Real Estate Inventory Grew More Than 2x The Rate of Sales ]
"Canadian real estate prices have yet to budge, but there’s a lot more inventory hitting the market. Canadian Real Estate Association (CREA) data shows new listings surged in July 2024. An army of sellers hit the market last month, sending new listings to grow at more than double the rate of sales. Some of the country’s biggest markets are now seeing double-digit growth, as sellers potentially overestimated the impact of rate cuts stimulating buyers."
[ ‘It could happen over time’: Former CMHC chair on longer mortgage terms in Canada ]
"The former chair of the Canada Mortgage and Housing Corporation (CMHC) says longer mortgage terms like those typically seen in the U.S. could eventually be offered in the Canadian market, but it would require a number of fundamental changes."
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