Real Estate

One-third of Canadians now rent amid housing affordability challenges: Royal LePage

Nearly one-third of Canadians now live in rental accommodations, with the trend increasing as housing affordability remains a challenge. According to a recent Royal LePage survey, 27 per cent of current renters plan to purchase a property within the next two years, a figure that rises to 40 per cent among those aged 18-34. However, 69 per cent of renters have no immediate plans to buy, with over half...

Canada’s housing market sees surge in listings, giving buyers’ rare advantage

National market is the most balanced since before the pandemic, says CREA Canada’s housing market is experiencing a notable trend as active listings continue to rise, reaching their highest level in over five years this April. This increase points to a more balanced market, with home prices holding steady and sales experiencing a slight decline. According to the Canadian Real Estate Association...