National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though December saw a jump in sales compared to the month before. In a statement, CREA noted that the annual home sales total of 443,511 units in … Read more

House ethics committee to discuss PM Trudeau’s recent Jamaica trip

House ethics committee to discuss PM Trudeau’s recent Jamaica trip

MPs on the House ethics committee will meet Wednesday to debate whether to launch a probe into the prime minister’s recent Jamaica vacation. Prime Minister Justin Trudeau and his family vacationed in Jamaica over the holidays. The PMO said the family was “staying with family friends at no cost.” The PMO hasn’t said exactly where … Read more

Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached home in southwest Edmonton, Miranda paid $1,650 per month in rent. Her rent later increased to $1,800 and will go up again to $1,950 when … Read more

Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Time’s up for some short-term rentals in B.C. as new housing rules look set to transform scene

Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for seven years, acting as a “liaison” for homeowners needing help with the logistics of running a listing on the accommodation site. At the peak of … Read more