Real Estate

OTTAWA — The federal government is overestimating the impact its cuts to immigration will have on the country's housing shortage, the Office of the Parliamentary Budget Officer said in a new report.

The Canadian Real Estate Association says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern. On a seasonally adjusted month-over-month basis, national home sales rose 7.

A city report says 1,477 net new units were completed in the first year, exceeding the target of 659 new homes

VANCOUVER — The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.

Statistics Canada data show local communities prioritize local ownership over investment

Jin Luo bought a $2.18-million Vancouver property by falsely indicating he had a savings account balance of $850,000 and an annual income of $256,961.

OTTAWA — The rate at which Canadian rental prices are increasing should slow in the coming years as the government's plan to cut back immigration numbers takes hold, a new report from Desjardins says.

Canada, other provinces outperforming B.C.

Renters are paying an average of more than $2,500 per month for an apartment in New Westminster.

Investors pulling back, leading to ‘grinding halt’ in condo sector