Financial Post - Sellers return to Canada's housing market just as buyers go missing Sellers are returning to Canada’s housing market — in some cases, in droves. New listings were up 5.6 per cent in July from the month before, an increase of 24 per cent since April, reversing declines earlier this year, said RBC economists Robert Hogue and Rachel Battaglia. Financial Post - How detached home prices sparked a rally in some of Canada's major housing markets this year Detached home prices fell early this year, but an influx of buyers looking to take advantage of cooling valuations ultimately pushed prices back up in some of Canada’s hottest housing markets, though not to year-ago levels, a new report from Re/Max Canada says. CTV News - One-on-one with Canada's housing minister: Lack of affordability a 'crisis' and an 'opportunity' As cabinet ministers convene in P.E.I. for a series of meetings largely focused on housing, the federal minister overseeing the file admits a lack of affordability has reached a crisis level for many Canadians. Real Estate Magazine – Buyer-friendly terrain emerges as Canada’s housing market cools Storeys – Despite rate headwinds, Canadian home prices manage a near-record jump in July Globe and Mail – Cities pondering how to protect against wildfire smoke Toronto Star – MICALLEF: We need a ‘war effort’ approach to solving the housing crisis — from all levels of government Storeys – Economists expect Canadian home prices to continue moderating, but affordability won’t improve Canadian Mortgage Professional – Home prices register second strongest monthly increase ever, according to index Bloomberg – New houses see demand for more bedrooms with rise of hybrid work Business Insider – A financially independent real-estate investor who had to get creative to afford her first property shares 3 strategies rookie investors can use to get started on a tight budget Business Insider – A tiny homes village, where rent is under $300 per month, is being developed to help people experiencing mental illness Diverse Trends Emerge in Canadian Housing: Urban Condos Dip, Suburban Homes Surge (Penticton Herald) We need a ‘war effort’ approach to solving the housing crisis — from all levels of government (The Peterborough Examiner) The tax risks of renting out your home: Canadian real estate news for August 19 (The Globe and Mail) Small buildings won’t solve the housing crisis. Canada’s cities need to go big (The Globe and Mail) Fixed rates back as top mortgage product of choice: National Bank (Canadian Mortgage Trends) Long-term view shows Toronto and Vancouver home prices remain elevated despite recent decline (Canadian Mortgage Trends) Links between housing crisis, immigration must be explored: Miller (Global News) Canadian Housing Forecast:Lower Affordability, Less Construction, Bumpy Road Ahead (Investing.com) Globe and Mail – Canada’s real estate market eases back into balance after summer slowdown Globe and Mail – BMO: Housing correction looks to have bottomed out Canadian Mortgage Professional – Effective policy-setting key to strengthening pace of housing construction: report Fast Company – This tiny house costs $37,600—and guess how it’s made? Financial Post – Bank of Canada could cut rates by early 2024 — if it goes by this data Globe and Mail – Canadian insurers weathering wildfire costs but prices for consumers keep rising Business in Vancouver – Can Canada build 2.2M rental units within a decade? Mortgage regret: Survey shows Canadians are stressed about their current mortgage (CTV News) CBC B.C. - 181 properties confirmed damaged or destroyed by wildfires in B.C.'s Okanagan region An estimated 181 properties have been partially or completely destroyed by wildfire in and around West Kelowna, B.C., officials announced Wednesday, saying residents will soon be able to check the status of their homes online. Globe and Mail – Indigenous group opposes housing density on B.C.’s Salt Spring Island Victoria Times Colonist – CONDO SMARTS: Strata owners must budget to protect their investments Victoria Times Colonist – OPINION: Victoria council has been selective in approving housing CBC B.C. – There are complex reasons for our dire wildfires, but scientists say climate change plays key role Business in Vancouver – B.C. tourism employment hits five-year high Times Colonist - Raw 911 data paints complicated portrait of crime in Victoria Times Colonist - Calls to close Cowichan River to fishing as 'dead zone' forms CBC B.C. – What you should know about home insurance if you've been displaced by wildfires Times Colonist - Langford residents call for action to deal with open drug use, sheltering at Danbrook Park Times Colonist - Fire officials' advice for making homes less vulnerable to wildfire Times Colonist - Railyards residential development in Vic West complete after 21 years CBC B.C. – Major economic losses in B.C. Interior as wildfires snuff out big events Victoria Times Colonist – East Sooke Park expands with 25-acre land acquisition | 
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