Real Estate

The parliamentary budget officer says Ottawa’s plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home.

The federal government has moved slowly to reduce its office space, a new report by Canada’s auditor general said Tuesday.

A new analysis says first-time Canadian homebuyers could save up to $240 on their monthly mortgage payments through the federal government’s proposal to waive the sales tax on new builds.

The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases.

Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city’s real estate board says both activity and price growth show no signs of tapering off.

A new global index suggests Toronto is among the world’s worst cities when it comes to housing affordability — as experts blame decades of policy missteps, development delays, and overwhelming population demand for the problem.

The few hours you spend with an inspector may just be the most important part of your home-buying process.

A survey shows nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up -- with many anticipating having to adjust their budget to keep up with the higher cost.

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of thousands of dollars and most of your regular payments are going toward paying interest.

Real estate in the Greater Toronto Area has entered correction territory as tariffs and the current geopolitical situation are weighing on home buying activity, according to one real estate CEO.

Home sales in the Greater Toronto Area remained weak in May while inventory levels were up — giving more negotiating leverage to potential homebuyers.

The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up.

A growing number of Canadians are entering retirement with mortgage debt — and for many, it’s not by choice.

Toronto landlords are trying to lure in tenants with rent-free months, complimentary Wi-Fi and $500 gift cards amid an unprecedented supply of condos and lower rents.

A Canadian tenant advocacy group says nearly half the renters they surveyed don’t have air conditioning, as they press for protections from climate-fuelled extreme heat.