TORONTO - The average Canadian homeowner doesn't think they'll be mortgage-free until they're 57 — two years longer than what they expected last yea...

Home sales fell a whopping 15.8 per cent year-over-year in February, according to the latest numbers from the Canadian Real Estate Association (CREA)....

Stable is not a word that can be used to describe much in today's economy. A notable exception is the Canadian dollar. The loonie has soared in a reasonably tight range around parity with the U.S. dollar for 3 years now. Although exporters would prefer a lower level, the stability has made activity and cash flows somewhat more predictable. Now, the loonie is losing some loft; what's happening?

As of December, US housing starts are just shy of the million mark, up 37 per cent over December, 2011. In contrast, Canada's January starts plunged 20 per cent compared with year-ago data, eking out just 161,000 units. Are we headed for recession while the US economy recovers?

OTTAWA - Statistics Canada says the value of building permits issued by municipalities declined 11.2 per cent to $5.7 billion in December, following a...

The number of Canadian homes sold last month dropped more than four per cent from the level in June 2011, the first year-over-year decline in sales vo...

When we see real estate prices in the news, we often get a lumped valuation of a specific city or country as a whole. The reality is that no matter how the market is performing, there will always be neighbourhoods that are increasing and ones that are in decline. Why is that? Here are few factors that can affect local real estate prices in any city.