Timbercreek Financial Corp. has moved to place Stephen Avenue Place, a 40-storey office tower in downtown Calgary, under receivership for the second time in two years.
The Vancouver City Council approved sweeping changes to its zoning and development bylaws as part of an effort to streamline and speed up housing construction.
Montreal could soon join Vancouver, Toronto and Ottawa in taxing empty homes, as the mayoral candidate for the ruling Projet Montreal has pledged to introduce fees on owners of vacant residential properties.
The British Columbia Real Estate Association and other property industry groups are calling on the government to establish a permanent policy roundtable to speed up housing construction in the province.
British Columbia said new minimum residential construction targets would add almost 39,000 units across 10 cities in the next five years, to address the growing housing shortage.
Federal Reserve Chairman Jerome Powell hinted Friday that the central bank may cut interest rates in September — a shift that could give the housing market a much-needed boost.At a symposium in Jackson Hole, Wyoming, Powell warned of persistent inflation and said the labor market could weaken further.
The Canada Mortgage and Housing Corp., a national housing agency whose financing insurance programs play a major role in the country's housing supply, is urging authorities to reject rent control policies.
British Columbia provincial leaders rejected a call by Vancouver's largest developers for the government to loosen restrictions on foreign investment in real estate as the country grapples with a housing crisis.
Canada may be in a trade battle with the United States, but the chief economist of the nation's housing agency says the country also needs to remove trade barriers between provinces.
Edmonton City Centre, a mixed-use complex with retail and office space, has been placed under receivership after its owners failed to keep up with loan payments.
Westmount, one of Canada’s wealthiest cities, is planning new rules to permit developers to build residential structures stretching up to 29 floors high in an area where the high-end suburb meets downtown Montreal.
Canada Auditor General Karen Hogan said the federal government is failing in its bid to address excess office space, with just 2% of its real estate footprint brought to an appropriate amount despite half being underused or vacant.
British Columbia's largest real estate organization has called for more exemptions to short-term rental rules as the province begins to clamp down on listings by platforms such as Airbnb ahead of the busy summer travel season.
As the saying goes, 'What a difference a day makes.' This week in Montreal, a proposed 525-unit residential project on Nuns Island that was left for dead after being rejected by a borough mayor won a reprieve one day later.
Financial problems are brewing for The Second Cup Coffee Company. The global chain that controls 170 coffee shops in 20 countries from Pakistan to Egypt has filed for creditor protection in Ontario after company directors said the firm cannot repay a $8.9 million debt owed to creditor Arbat Capital Group.
Some homeowners in the town of Canmore, Alberta, are bracing for new rules taking effect at the start of 2026 that require owners of houses occupied for less than 183 days to pay an extra $4,200 per year on average to the municipality.