Real Estate

While the changes will make it easier for first-time buyers to purchase a home, they could wind up paying tens of thousands of dollars more in interest

The federal government touted the measures it announced Monday as the "boldest mortgage reforms in decades," which came after a year of criticism over high housing costs.

Renters will end up paying $600-million a year less once the province’s regulations fully kick in, author estimates

Some municipalities struggling to meet provincial deadlines for greater density

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July.

More than 700 people initially applied to participate in a unique rent-to-own program at 50 Electronic Ave. in Port Moody

The province's multi-faceted housing crisis will take years and patience to fix, Union of BC Municipalities delegates told.

B.C. landlords soon will have the government them backing them if bad tenants skip out on rent and disappear into the wind.

The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely "stuck in a holding pattern" despite borrowing costs beginning to come down.

The price cap for insured mortgages will be boosted for the first time since 2012, moving to $1.5 million from $1 million, to allow more people to qualify for a mortgage with less than a 20 per cent down payment.