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Time to reset the narrative on housing

Despite the desperate need for new housing, many developers have been forced to put projects on hold because crippling taxes, fees and levies have made housing unaffordable to many Canadians.

In the Greater Toronto and Hamilton Area alone, developers have shelved 60 previously planned condo projects since late 2022, according to a report from real estate consultancy Urbanation.

This drop will only ...

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BCREA Economics Commercial Leading Indicator Update

The British Columbia Real Estate Association (BCREA) Economics Commercial Leading Indicator (CLI) update was released on May 29, 2024.

In the first quarter of 2024, the BCREA’s Commercial Leading Indicator (CLI) experienced a decline, falling by 3.2 points to a level of 145.5. This drop brought the six-month moving average of the CLI down to 146.5. When compared to the same quarter in the previous year,...

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2024 Re/Max Commercial Real Estate Report Highlights Key Trends

A 2024 Re/Max Canada Commercial Real Estate Report was recently released. It analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends.

Notably, there was a significant shift toward purpose-built rental construction, partially replacing new residential condominiums and, to a lesser degree, commercial projects. Multi-family and industrial real estate emerged as the leading asset classes in...

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