Category: Real Estate

Housing data decision opens door to real estate innovation, say realtors

Editor
Housing data decision opens door to real estate innovation, say realtors
TORONTO — Realtor Daniel Steinfeld has wanted to post home sales data on his business’ password-protected website for as long as he can remember, but it took a seven-year court battle between the Competition Bureau and the Toronto Real Estate Board for him and other realtors to land the right to publish the numbers. Steinfeld, the owner of On the Block Realty and an online... Read More

TREB to allow realtors to post GTA home sales data on Tuesday at noon

Editor
TREB to allow realtors to post GTA home sales data on Tuesday at noon
TORONTO — The Toronto Real Estate Board says real estate companies can post Greater Toronto Area home sales data on their password-protected websites today at noon. TREB chief executive John DiMichele says the data can only be posted on such sites to provide residential real estate brokerage services. The board will not allow the data to be scraped, mined, sold,... Read More

Five things to watch for in the Canadian business world in the coming week

Editor
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: The House is back The House of Commons resumes sitting on Monday. The Trudeau government is expected to face pointed questions from the opposition on a number of fronts including its purchase of the Trans Mountain pipeline and the ongoing trade talks with the... Read More

TREB warns realtors on false sales data after $3.1M listing shows $1 price

Editor
TREB warns realtors on false sales data after $3.1M listing shows $1 price
TORONTO — The Toronto Real Estate Board is warning realtors not to report inaccurate prices following a ruling that sold data must be made public. The board says in a letter to members that it has received reports that some realtors recorded false sales figures due to customers’ privacy concerns. The Canadian Press obtained a $3.1-million dollar listing in Scarborough that appeared to be reported as... Read More

ATCO buys 40 per cent stake in South American port operator for $450 million

Editor
ATCO buys 40 per cent stake in South American port operator for $450 million
Calgary-based ATCO Ltd. says it will buy a 40-per-cent stake in South American port operator Neltume Ports for about $450 million. ATCO, which has interests in logistics, energy, and real estate, says the stake in the port operator and developer will further diversify its business. The deal adds to ATCO’s partnership with Parkland Fuel Corp. subsidiary Ultramar, which owns Neltume Ports. The two companies... Read More

CMHC says annual pace of housing starts slowed in August compared with July

Editor
CMHC says annual pace of housing starts slowed in August compared with July
OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing construction starts slowed in August compared with July. The agency says the seasonally adjusted annual rate of housing starts was 200,986 units in August, down from 205,751 units in July. Economists had expected an annual pace of 210,300 starts for August, according to Thomson Reuters Eikon. The decrease came... Read More

Commercial real estate investments hit record high in second quarter

Editor
Commercial real estate investments hit record high in second quarter
TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets. The report by CBRE Canada says deals totalled $16.5 billion, up 38 per cent from the previous high of $12 billion reached in the first quarter last... Read More

Greater Toronto home sales and prices in August up from year ago

Editor
Greater Toronto home sales and prices in August up from year ago
TORONTO — The Greater Toronto Area housing market continued to rebound last month with an 8.5 per cent increase in sales compared with a year ago, following a slow-down during the first half of 2018. The Toronto Real Estate Board (TREB) said on Thursday that August saw 6,839 homes in the region sold through the MLS system. The average selling price also rose 4.7 per cent... Read More

Vancouver’s short-term rental listings drop by half after new rules introduced

Editor
Vancouver’s short-term rental listings drop by half after new rules introduced
VANCOUVER — The City of Vancouver says the number of short-term rentals listed online has dropped by almost half since new rules came into effect requiring operators to have a business licence. The city says there are 3,742 active listings on sites like Airbnb, compared with about 6,600 in April, when the regulations were announced. As of Sept. 1, operators must... Read More