Real Estate News

VANCOUVER AND TORONTO — Canada's Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anticompetitive conduct, court documents reveal, with Sobeys' owner calling the inquiry "unlawf

VANCOUVER — The second phase of a homebuilding partnership between the province and Metro Vancouver will deliver up to 670 below-market rental units in four separate urban areas, Premier David Eby said Thursday.

WINNIPEG — Some Manitoba landlords may have a harder time raising rents above inflation and could be ordered to phase-in increases over years if a bill introduced Thursday by the Manitoba government becomes law.

TORONTO — Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.

OTTAWA — Canada's banking regulator says real estate secured lending and mortgages are among the top risks facing the country's financial system as higher interest rates put pressure on borrowers.

TORONTO — The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.

A study by Canada's national housing agency says housing starts aren’t keeping pace with available residential construction resources due to restrictive regulations and a "highly fragmented" industry.

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market. On a month-over-month basis, CREA said home sales in April were down 1.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April edged down one per cent compared with March.

VANCOUVER — The B.C. government has introduced legislation that would allow the City of Vancouver to limit rent increases for new tenants in its poorest neighbourhood, the Downtown Eastside.