Ottawa.citynews.ca [2022]

Last Update: April 3, 2022

Still very much a seller's market: OREB president

The president of the Ottawa Real Estate Board (OREB) believes that it's still very much a seller's market, despite last month showcasing housing transactions just slightly over the five-year average making it one of the weakest performing April months in quite some time. Members of the OREB sold 1,889 residential properties in April of 2022

Actived: 3 days ago

URL: https://ottawa.citynews.ca/local-news/still-very-much-a-sellers-market-oreb-president-5335060

April's home sales down 41% from last year, 27% since …

(9 days ago) TORONTO — Prospective homebuyers saw clear signs of a cooling Toronto market in April as the region's real estate board reported sales dropped by about 41 per cent since last year and 27 per cent from a month earlier. Tara Deschamps, The Canadian Press May 4, 2022 9:59 AM. A for sale sign is displayed in front of a house in the Riverdale area

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Soaring cost of living, eroding affordability top of mind …

(1 days ago) 14 hours ago · The NDP is pledging a $16 minimum wage in October, rising to $20 in 2026. The party also says it would increase welfare and disability support payments by 20 per cent. The Liberals are promising a $16-per-hour minimum wage as of January, before creating regional living wages, which experts say could be as high as $22 an hour in Toronto.

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Fewer home bids easing competition for some, but prices …

(6 days ago) 2 days ago · Sara Rowshanbin, a broker with Chestnut Park Real Estate Limited, says Toronto condos under 1,000 square feet and semi-detached homes priced below $1 million used to get 15 or more bids, but are now only receiving about five. Fuelling the trend are buyers she's noticed are too nervous to wade into the market in case conditions quickly change

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What does the future of office work look like

(4 days ago) 13 minutes ago · What does the future of office work look like? Employees are returning to offices this spring. Some, just for a day or two per week. Some are back in their desks full-time. But without any kind of standard, how will office employment ever find a new normal. Rogers Sports & Media 8 minutes ago 3 minutes ago.

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Ontario NDP, Tories promise to boost housing supply …

(7 days ago) 2 days ago · Ontario's New Democrats and Progressive Conservatives are both promising to build 1.5 million homes in 10 years, with housing affordability becoming one of the main election issues in a province grappling with a dearth of supply and ballooning prices. NDP Leader Andrea Horwath touted her housing plan Friday, saying she would spur the

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Montreal home sales down 17% in April: Quebec brokers …

(6 days ago) The Quebec Professional Association of Real Estate Brokers counted 5,124 homes sold in the Montreal area last month, down from 6,164 last April. Charles Brant, the association's director of market analysis, took the figures indicating it was the most subdued April in the last five years to mean a significant slowdown has materialized after

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Some Ottawa sectors see positive economic recovery …

(2 days ago) That’s what Stephen Willis, general manager of planning, real estate and economic development, said in a memo sent out to city councillors on Wednesday, May 4. Willis says the city’s economy shows positive signs of recovery across most sectors, referencing a March 2022 Conference Board of Canada report.

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Moving time! 8 tips to help your move go smoothly

(3 days ago) Keep Essentials Separate. As moving day approaches, pack a separate suitcase or box with your essentials and keep it in your vehicle. Include things like medications, device chargers, changes of clothes for everyone, toiletries, snacks, and water bottles. Make sure to add a roll of toilet paper, some hand soap, and a towel as well.

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Five things to watch for in the Canadian business world in …

(7 days ago) TORONTO — Five things to watch for in the Canadian business world in the coming week: Home sales Early signs of how the spring real estate market is shaping up for some of Canada's biggest cities will be out this week. Canadian Press May 1, 2022 10:00 AM May 1, 2022 10:05 AM. An aerial view of housing is shown in Calgary on June 22, 2013.

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Five things to watch for in the Canadian business world in the …

(7 days ago) 18 hours ago · TORONTO — Five things to watch for in the Canadian business world in the coming week: RioCan results RioCan Real Estate Investment Trust will release its first-quarter financial results after the market close on Monday and hold a conference call with. RioCan signage is shown at a strip mall in Mississauga, Ont., on Oct. 24, 2020. RioCan Real

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Promise tracker: What the Ontario parties are pitching on the …

(5 days ago) 2 days ago · May 6: Build 1.5 million homes in 10 years with a mix of starter homes, rental homes and affordable housing. Build at least 250,000 affordable and non-market rental homes operated by public, non-profit and co-op housing providers. Bring back real rent control and scrap vacancy decontrol. Mandate universal design for accessibility.

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Beijing loyalist John Lee elected as Hong Kong's next leader

(5 days ago) 1 day ago · HONG KONG (AP) — John Lee was elected as Hong Kong's next leader Sunday by an election committee comprised of nearly 1,500 largely pro-Beijing members. Lee received 1,416 votes in the chief executive election, far exceeding the 751 votes needed to win. More than 97% of the Election Committee cast their votes in a secret ballot Sunday morning.

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PODCAST: The Rob Snow Show for May 5, 2022

(3 days ago) Rob speaks with the president of the Ottawa Real Estate Board about the latest sales data that shows the red hot market is starting to cool slightly. 20:40 - "The possibility exists very much that Taiwan will become prominent in world politics in the near future." It's time for The World with Elliot Tepper.

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Man convicted in $60M film finance fraud scheme

(9 days ago) FORT LAUDERDALE, Fla. (AP) — An Oklahoma man claiming to be a film financier was convicted Tuesday in South Florida of participating in a scheme to steal more than $60 million from investors and producers seeking financing for movies and Broadway shows. A federal jury in Fort Lauderdale found Jason Van Eman, 44, guilty of conspiracy, wire

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Promise tracker: What the parties are pitching on the campaign trail

(7 days ago) 1 day ago · May 6: Build 1.5 million homes in 10 years with a mix of starter homes, rental homes and affordable housing. Build at least 250,000 affordable and non-market rental homes operated by public, non-profit and co-op housing providers. Bring back real rent control and scrap vacancy decontrol. Mandate universal design for accessibility.

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Shopify stock plunges to two-year low as it signs US$2.1-billion …

(6 days ago) "It is totally doable but you need to be as aggressive as Amazon has been and have big pockets to expand and go in and takeover real estate and with job hiring and paying people a bit more," Croza said. When Shopify announced its fulfilment venture in mid-2019, it intended to spend about $1 billion over the following five years.

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Promise tracker: What the Ontario parties are pitching on the …

(5 days ago) Move some provincial agencies out of Toronto in a bid to save on real estate costs and bring jobs to other regions. Make film and television productions distributed exclusively online eligible for a credit. Scrap a rule that limited tax credits to books with more than 500 hard copy editions published.

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Teen Challenge Canada strengthening national capital region …

(8 days ago) There is another real epidemic spreading across Canada. 47,000 people die a year from substance abuse and 1 in 5 Canadians will meet the criteria for addiction at some point in their lifetime. Addiction should no longer be spoken about as a “taboo” subject as it affects almost every Canadian in some way.

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