AI should make you like your real estate agent more

AI should make you like your real estate agent more

Real estate agent and reality television star Ryan Serhant. Newspix Real estate has been historically slow to modernize, but AI is changing that. The integration of artificial intelligence is transforming how buyers and sellers interact with agents, fundamentally altering competitive dynamics in the industry.  With AI reshaping daily operations of a real estate agent’s business … Read more

2,600 new homes to be sold at 60% market value in Vancouver

2,600 new homes to be sold at 60% market value in Vancouver

Up to 2,600 new housing units planned for the Heather Lands in Vancouver will be sold at 60 per cent of market value, according to a joint announcement by the province, the city and the Musqueam, Squamish and Tsleil-Waututh First Nations. The 8.5-hectare parcel of land in question is located on Heather Street between West 33rd … Read more

Canada relaxes some mortgage rules to tackle housing crisis

Canada relaxes some mortgage rules to tackle housing crisis

Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, although some housing experts are doubtful that the new measures will have a meaningful long-term impact on housing affordability and say they might even push prices up. The federal government will increase the cap on insured mortgages … Read more

Construction of 5 Lakh Homes Stalled Across 42 Cities, Buyers Left in Limbo

Construction of 5 Lakh Homes Stalled Across 42 Cities, Buyers Left in Limbo

Last Updated: August 15, 2024, 17:18 IST The latest report reveals a troubling rise in stalled housing projects. Many home buyers, particularly in cities like Delhi-NCR, continue to face delays in realising their homeownership dreams. The real estate sector is facing a significant crisis, with recent reports revealing that approximately 2,000 housing projects, encompassing 5.08 … Read more

A Third of Young Americans Plan On Using ‘Bank of Mom and Dad’ for House Down Payments

A Third of Young Americans Plan On Using ‘Bank of Mom and Dad’ for House Down Payments

Purchasing a house can be one of the most important and life-changing investments one can make in their lifetime. However, in the present day, complications can arise when house-hunting because of the high costs and expenses, which has led to many needing help with housing affordability. This is apparent for younger generations of home buyers … Read more

First-time homebuyer incentive is discontinued, says federal housing agency

First-time homebuyer incentive is discontinued, says federal housing agency

The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted applications to the program is midnight ET on March 21, 2024, according to the CMHC’s website. Launched in 2019, the plan was meant to help reduce monthly mortgage payments … Read more