The City of Montreal’s new mayor, Soraya Martinez Ferrada, released a 2026 budget that's 5.4%, or $393 million, larger than the one released last year by the outgoing Plante administration.
Several of Brivia Group's flagship downtown Montreal residential projects entered into receivership after their lenders asked the Superior Court of Quebec to approve a restructuring that would enable construction and sales efforts to continue.
The stalled redevelopment of Montreal’s Bridge-Bonaventure sector, a stretch of aging warehouses and industrial lots where consultations began nearly a decade ago, reflects Canada’s struggle to add housing as two federal studies present widely differing estimates of how much the country needs.
After years of speculation, Canada's federal government is moving ahead with plans to construct the country's first high-speed rail network, a project that's set to be one of Canada’s largest infrastructure investments in decades and expected to spur development.
Some developers are saying municipal development charges have put a stick in the spokes of their real estate projects in Canada, just as Ottawa pushes for a surge in construction, and a new federal research study shows how such fees can vary widely across the country.
The integration of artificial intelligence in the real estate industry for a wide span of uses, from predictive maintenance to energy optimization and system-to-system information flow, is expected to have a noticeable effect in 2026, according to a report issued by PwC and the Urban Land Institute.
Canada’s Prime Minister Mark Carney's first federal government budget, unveiled this past week in Ottawa, outlines a five-year plan that introduces housing initiatives, capital gains reforms and foreign ownership rules with direct implications for the country’s real estate market.
Some Montreal real estate developers and investors are looking for the election of Soraya Martinez Ferrada, who won the Montreal mayoral race in municipal elections held Sunday, to possibly lead to a friendlier outlook on building.
Zohran Mamdani is the clear front-runner to become the next mayor of New York City, creating what a number of real estate investors and business leaders view as an existential crisis.
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.