"Realtors are expecting Canadians to move off the housing market's sidelines this spring. They expect potential buyers to start hunting for a home because the Bank of Canada has eased up on interest rate hikes. The quick succession of increases eroded buying power as...
The Canadian government has launched a housing accelerator fund (HAF)— a $4 billion initiative aimed at speeding up housing development in Canada and fast-tracking the creation of 100,000 new homes. According to a news release from the Prime Minister’s office, the...
The housing affordability crisis is a growing problem across Canada, one that is disproportionately affecting disadvantaged communities who find it harder to get safe, affordable housing due to historically discriminatory practices and social injustices. In order to...
CDREB President Troy Vaillancourt and President-Elect Vicki VanderVeen (left) presented a $3000 cheque to Habitat for Humanity Cornwall yesterday. The grant, provided by The Ontario REALTORS Care® Foundation and the Cornwall and District Real Estate Board, was...
The release of new real estate market data from the Canadian Real Estate Association (“CREA”) today shows why Ontario policy makers should stay the course on taking bold action to save the Canadian dream of home ownership by increasing housing supply. While prices are...
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 56 units in December 2022. This was a sharp decrease of 30.9% from December 2021. Home sales were 13.6% below the five-year average and 7.3% below the 10-year...
British Columbia has become the first province to require a three-day cooling-off period for buyers after they've signed a contract to purchase a home. The move will give added protections when making such a large purchase and help buyers avoid high pressure sales...
Canadian home prices continued their downward trajectory in November, sliding another 0.98% from the month prior, says the Canadian Real Estate Association (CREA). The average national home price hit $632,802 last month, which also marked a 12% decline from the same...
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 73 units in November 2022. This was a decline of 45.9% from November 2021. Home sales were 36.3% below the five-year average and 31.9% below the 10-year average for...