Real Estate News

VANCOUVER — The B.C. government has introduced legislation that would allow the City of Vancouver to limit rent increases for new tenants in its poorest neighbourhood, the Downtown Eastside.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Economic data The picture of how the economy fared in March will become a little clearer this week with a pair of reports from Statistics Canada.

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with the same month last year, with levels returning to historical averages.

TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month.

CALGARY — The Calgary Real Estate Board says April home sales were up 7.3 per cent from last year, driven by growth in the number of relatively more affordable, higher-density properties changing hands.

CHARD, Alta. — Raoul Montgrand, president of the Chard Métis Nation in northern Alberta, called a 200-square-foot camper trailer home for close to two years.

TORONTO — The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

WASHINGTON (AP) — Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states.