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Vancouver home sales surge in October amid lower borrowing costs: board

Vancouver home sales surge in October amid lower borrowing costs: board

VANCOUVER — Greater Vancouver Realtors says home sales in the region jumped 31.
CMHC says mortgage risks remain as delinquencies creep up, alternative lending grows

CMHC says mortgage risks remain as delinquencies creep up, alternative lending grows

Risks remain in the mortgage market as a wave of borrowers still have to renew at higher rates, alternative lenders take a growing share of new mortgages and delinquency rates keep creeping up, Canada's housing agency says.
Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

OTTAWA — Conservative Leader Pierre Poilievre has written to the provinces' premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
Beyond Vancouver, B.C.'s secondary real estate markets poised for investor growth

Beyond Vancouver, B.C.'s secondary real estate markets poised for investor growth

Anticipated development, lower interest rates create opportunities across the province
What you need to know before helping your child with a home down payment

What you need to know before helping your child with a home down payment

OTTAWA — With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.
More infrastructure investment needed in B.C., says construction association

More infrastructure investment needed in B.C., says construction association

High cost of materials and labour contributing to unaffordability, says BCCA
Loblaw, Empire call for end to property controls amid Competition Bureau probe

Loblaw, Empire call for end to property controls amid Competition Bureau probe

Loblaw says it wants to eliminate commercial property controls in the grocery industry, amid a Competition Bureau investigation into the practice — and it's calling on other grocers to do the same.
Tory MPs backed communities seeking Liberal housing fund Poilievre vows to cut

Tory MPs backed communities seeking Liberal housing fund Poilievre vows to cut

OTTAWA — A number of Conservative MPs have written letters to the Liberal housing minister asking him to grant their communities funding from a program that Conservative Leader Pierre Poilievre this week called disastrous and promised to cancel.
Sluggish housing starts point to big challenges for B.C.

Sluggish housing starts point to big challenges for B.C.

With starts per capita at their lowest level in a decade, industry looks for more reform
Fewer young Canadians own homes but majority planning to buy within five years: poll

Fewer young Canadians own homes but majority planning to buy within five years: poll

TORONTO — A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.