CMHC Forecast: Home Sales to Rebound in 2026
Canada's housing market is projected to see a gradual recovery in home sales by 2026, according to the latest CMHC outlook, though activity is expected to remain below historical peaks.
Category : Real Estate
Toys 'R' Us Canada's $36M Gift Card Issue
Toys 'R' Us Canada faces a $36 million unredeemed gift card problem as it restructures, with cards expiring soon amid store closures and online shutdowns.
Power of Sale Surge in Toronto as Homeowners Run Out of Options
Financial stress from high mortgage rates and falling home prices is driving a significant increase in power of sale listings across Toronto, with experts warning of more distress ahead.
Ottawa Vacancy Tax Criticized for Unfair Homeowner Treatment
An Ottawa couple faces a $37,500 vacant unit tax bill despite legitimate delays in selling an inherited property, sparking debate about the fairness of the city's housing policy.
Judge Blocks Discount Retailer at Yorkdale Mall
A judge has prevented Quebec-based discount retailer Les Ailes de la Mode from occupying the former Hudson's Bay store at Toronto's upscale Yorkdale Shopping Centre, citing commercial unsuitability.
Virtus REIT Buys Riverview Property for $10.15M
Virtus Diversified REIT has strategically acquired a 50-unit apartment building in Riverview, New Brunswick for $10.15 million, expanding its portfolio in Atlantic Canada's high-growth markets.
Montreal Gas Prices High Despite Provincial Drop: Report
A CAA-Quebec report reveals Montreal's gas prices dropped only 1.2% in 2025, while provincial average fell 5.8%, maintaining the city's status as Canada's highest-taxed fuel market.
Wilmot Township Approves 2026 Budget with 9.2% Tax Hike
Wilmot Township has officially approved its 2026 municipal budget, implementing a significant 9.2 per cent property tax increase after adjustments from initial proposals.
Burst Watermain Floods Vancouver Condo, Luxury Cars Damaged
A catastrophic watermain rupture flooded a Vancouver condominium complex's underground parking garage, submerging vehicles including a $300,000 Ferrari and causing extensive property damage.
B.C. Couple Wins $2.5M, Plans House Hunt
A Lillooet, B.C., couple is celebrating a life-changing $2.5 million Lotto 6/49 win, describing the moment as 'unreal' and planning to use the prize for a new home.
Steve's Music Store Liquidating, Closing Some Locations
Montreal-based Steve's Music Store is liquidating inventory and closing certain locations after over 60 years in business, citing financial pressures and industry disruption.
Edmonton Infill Strategy Sparks Heated Debate
Nearly 75 residents voiced passionate arguments for and against Edmonton's infill development strategy at a packed urban planning committee meeting, highlighting tensions between housing affordability and neighborhood preservation.
Dartmouth Plaza Fire Forces Business Closures
A significant fire at a vacant building in Dartmouth, Nova Scotia has led to the temporary closure of nearby businesses as authorities investigate the incident.
22 Budget-Friendly Amazon Canada Kitchen Finds Under $25
Discover 22 wallet-friendly kitchen products available on Amazon Canada, all priced under $25, perfect for upgrading your cooking space without breaking the bank.
Former Roseland Clubhouse Torn Down in Windsor
The historic Roseland clubhouse in Windsor, Ontario, is being demolished as part of a redevelopment plan. The site, once a social hub, will be transformed for future community use.
Ontario Man Awarded $129K for Defective Home Purchase
A North Bay resident who purchased a home with severe water damage has been awarded $129,000 in compensation by an Ontario Superior Court justice, highlighting buyer protections in real estate transactions.
NDP Calls for Action After Harpoon Found in Regina Senior Home
The Saskatchewan NDP is calling for immediate action on housing safety after a harpoon was discovered inside a Regina senior living complex, raising serious concerns for resident security.
Calgary Downtown Gets Two Below-Market Housing Conversions
Calgary announces two office-to-residential conversion projects creating 128 below-market homes, funded by federal housing accelerator money to address affordability.
Steve's Music Store Liquidates Ontario, Quebec Locations
Iconic Canadian music retailer Steve's Music Store is liquidating its stores in Ontario and Quebec as part of a significant restructuring effort announced in February 2026.
First Nations Move into Relocated Homes on Sunshine Coast
First Nations members on British Columbia's Sunshine Coast have begun moving into homes relocated from Port Moody, marking a significant housing development initiative in the region.
Eddie Bauer Files for Bankruptcy, Seeks Store Buyer
Outdoor retailer Eddie Bauer has filed for bankruptcy protection in the U.S. and plans a Canadian filing while keeping 220 stores open during sale efforts, with liquidation sales already underway.
Canadian Rental Prices Fall for 16th Straight Month
A new report reveals that average asking rents across Canada have decreased for the 16th consecutive month, signaling a continued shift in the national housing market.
Eddie Bauer Seeks Buyer for Canadian Stores in Bankruptcy
Eddie Bauer's Canadian operator prepares for bankruptcy filing after U.S. Chapter 11, with 31 stores across Canada facing potential liquidation sales while seeking a buyer.
Eddie Bauer Files for Court Protection in Canada, Seeks Buyer
Outdoor apparel retailer Eddie Bauer is pursuing a buyer and initiating court-supervised restructuring in Canada, mirroring recent U.S. proceedings amid retail challenges.
Kanata's Beaverbrook May Become Heritage Conservation District
Ottawa's Beaverbrook neighbourhood in Kanata, designed as a self-contained 'satellite city' in the 1960s, is under consideration for heritage conservation district status by the City of Ottawa.
Newmont Wants Barrick to Fix Nevada Operations Before IPO
Newmont Corp. is pushing Barrick Mining to enhance operations at their Nevada joint venture before proceeding with a planned 2026 IPO, potentially using approval power to block the offering.
Ottawa to Add 257,000 Households in 25 Years
A new report projects significant household growth in Ottawa over the next quarter-century, highlighting urban development trends and housing demand in Canada's capital.
Target Threshold Towels: Affordable Luxury for Your Bathroom
Discover Target's Threshold bath towels, praised for cloud-like softness and premium quality at budget-friendly prices starting from just $8. Explore four luxurious styles.
Amazon Finds That Look Expensive But Are Affordable
Discover 30 Amazon products, from cozy sweaters to chic decor, that offer high-end style without the hefty price tag. Perfect for upgrading your home and wardrobe.
Edmonton vs Calgary: Diverging Paths on Urban Infill Development
As Edmonton prepares to debate zoning changes, a former Calgary councillor warns against following Calgary's restrictive approach, highlighting Edmonton's more moderate path toward sustainable urban density.
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