Real Estate

Sales of new condo units in Toronto hit the lowest level since 1996 as the individual investors who have powered the market for decades pull back.

There’s a truism in municipal debt: Bonds rarely move on natural disasters. That long-tested concept had held up until fires destroyed thousands of properties in Los Angeles last week.

Canada Mortgage and Housing Corp. says the total number of housing starts in 2024 rose two per cent compared with 2023, helped by increased starts in Alberta, Quebec and the Atlantic provinces.

With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is certain to total in the tens of billions of dollars.

The number of homes that changed hands across the country in December was up 19.2 per cent compared with a year earlier, as the Canadian Real Estate Association says a strong fourth quarter bodes well for a rebound in sales in 2025.

Brookfield Asset Management is offering its Spanish student housing business Livensa Living for sale, according to people with knowledge of the matter.

Real estate investment trusts could see significant upside in the year ahead, according to a new report, which says the sector is trading at the most favourable valuations in decades.

While artificial intelligence has attracted scrutiny for energy use, the residential sector is far and away the biggest power suck — and it’s set to grow as the planet heats up.

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report.

The administrator of Rene Benko’s bankrupt luxury property unit is asking former supervisory board members to acknowledge their role in causing at least €1 billion ($1.03 billion) of alleged damages by failing to practice proper oversight.

As firefighters battle infernos that have caused billions in damages, a shortage of water is making their job harder.

The Palisades and Eaton Fires in Los Angeles show the dangers of living in what’s known as the wildland-urban interface.

Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.

Chinese developer Country Garden Holdings Co. proposed new terms with key banks, as the defaulted property firm inches toward an offshore debt restructuring.

Private firefighters were deployed in Los Angeles, but the speed of the fires limits their role.