Canada’s foreign affairs minister and the consul general in New York did not influence or direct the purchase of a luxury $9 million residence in the city, a Commons committee was told Wednesday. MPs also heard that the property, which will serve as the official residence for the consul general of Canada in New York, is 50 … Read more
Canada is selling its former Manhattan residence, which used to house its consulate general in New York. The 12-room, five-bedroom apartment located on Park Avenue was listed Thursday at over $13 million, which is expected to exceed the purchase of its new $9-million Manhattan condo located on Billionaires’ Row. Global Affairs Canada said the new … Read more
Rents are still rising across Canada, but doing so at their slowest pace in the last 2½ years, according to a report released Wednesday by Rentals.ca and Urbanation. The national rent report data says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year. The data is based … Read more
The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still … Read more
Politics Global Affairs Canada says the sale of one of its apartments in New York City is expected to cover the cost of a brand-new luxury condo it recently purchased for $9 million. The Canadian Press · Posted: Jul 18, 2024 5:14 PM EDT | Last Updated: 11 hours ago The listing for the new … Read more
The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca. The slowed pace of price growth is a sign that supply and demand are rebalancing in the rental … Read more
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. Referred to as housing starts, new home construction was up 10 per cent in May compared to the previous … Read more
Airbnb said Monday that it’s banning the use of indoor security cameras in listings on its site around the world by the end of next month. The San Francisco-based online rental platform said it is seeking to “simplify” its security-camera policy while prioritizing privacy. “These changes were made in consultation with our guests, hosts and … Read more
The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis. According to data released Wednesday by Rentals.ca and market research firm Urbanation, the average asking price of rent went up by 20 per cent (or $373 per month) compared to rental … Read more
