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CREA Slashes 2025 Sales Forecast

Home sales forecast revised to 482,673 for 2025, down from 8.6% growth projected in January. March sales dropped 9.3% yearly, marking the weakest March since 2009 amid rate and tariff uncertainty....

Nova Scotia gets $170 million over 10 years after signing housing infrastructure deal

Nova Scotia will receive $170 million from the federal government over 10 years through the Canada Housing Infrastructure Fund to support housing infrastructure projects. The funding will help accelerate projects involving drinking water, wastewater, stormwater, and solid waste infrastructure. Details on specific allocations will be announced as the province identifies priority projects. Some funds may...

Are mortgage rates getting cheaper? Depends on where you live

Mortgage affordability improved in seven of 13 Canadian cities due to falling home prices and stable borrowing costs. Hamilton saw the biggest improvement, with home prices dropping to $801,400 and monthly mortgage payments decreasing by $49. Toronto and Vancouver also saw price declines but remain costly. Conversely, Regina, Montreal, Victoria, Halifax, Ottawa, and Winnipeg experienced rising home...

Canada Housing Market: Tariffs Stall Spring

Canada’s spring housing market is slowing due to economic uncertainty and U.S. tariff concerns affecting buyers and sellers. Home sales dropped 9.8% in Mid-Q1, with prices declining 3.3% and new listings falling 12.7%....

Canadian Rents Fall: A 4.8% Decline

Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023. Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels....

N.S. government starts plans to develop nearly 20K residential units in Bedford, Halifax

Nova Scotia approved the development of up to 19,500 residential units in Halifax Regional Municipality, focusing on Bedford's Sandy Lake and Halifax's Highway 102 west corridor. Sandy Lake can host 6,000 units on 400 hectares, while Highway 102 west corridor could have 11,500 units on 255 hectares. The province funded $2.3 million for studies to guide sustainable community planning....