Blog
Report suggests banning blind bidding will increase home prices
A new report from Smart Prosperity Institute, funded by CREA, says that a ban on “blind bidding” wouldn’t have the desired effect of limiting home price increases, and may actually lead to higher prices. During the recent election campaign, the Liberal Party of Canada...
PM Trudeau creates new cabinet position to tackle housing issues
The Liberal Party of Canada under Justin Trudeau have carved out a new role in cabinet to tackle housing. Ahmed Hussen becomes Minister of Housing, along with Minister of Diversity and Inclusion, after previously serving as Minister of Families, Children and Social...
Satisfaction with REALTORS® Hits New High: Survey
Consumers’ satisfaction with REALTORS® hit a new high during the COVID-19 pandemic. Click here to read more.
1-year in, realtors are fast adopters of PRECs
A year after realtors in Ontario were permitted to create personal real estate corporations (PERCs), uptake has been significantly higher than expected, says their provincial trade association. “When we met with government, we estimated 3,000-4,000 realtors would use...
The Canadian Real Estate Trends Set to Define 2022: PwC
Not only has COVID-19 upended the lives of millions of Canadians, but the pandemic has caused a tidal wave of setbacks: thousands of deaths, closed borders, political conflicts, shuttered workplaces, and economic turmoil. Of course, the Canadian real estate market has...
End exclusionary single-family zoning, says OREA
The Ontario Real Estate Association is calling for an end to exclusionary single-family zoning rules in high-density areas and near transit and subway stations in cities across Ontario to combat a housing crisis that is keeping home ownership out of the hands of many....
Supply-side constraints first fueled frenzy, then slowdown
It’s simple economics – an increase in demand for any commodity results in higher prices. Competing buyers outbid others, sometimes dealing a severe blow to low-income families. But in a competitive market, a rise in demand is often followed by new suppliers entering...
Cornwall and District MLS® home sales post second highest September monthly total amid ongoing supply shortage
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 159 units in September 2021. This was a decrease of 13.6% from the record September in 2020.Home sales were 11.7% above the five-year average and 19.1% above the...