Rachelle Younglai - Page 10 - The Globe and Mail

Rachelle Younglai

StaffReporterReal Estate ReporterToronto, Canada

ryounglai@globeandmail.com

Rachelle Younglai is The Globe and Mail's real estate reporter.

Rachelle Younglai abides by The Globe and Mail Editorial Code of Conduct

Latest articles

July 23, 2023

CEO of Habitat for Humanity Canada Julia Deans, left, and CEO of Habitat for Humanity GTA Ene Underwood converse while walking through a build site at 423 Old Weston Road in Toronto, ON on July 21st, 2023. Duane Cole/The Globe and Mail

CEO of Habitat for Humanity Canada Julia Deans, left, and CEO of Habitat for Humanity GTA Ene Underwood converse while walking through a build site at 423 Old Weston Road in Toronto, ON on July 21st, 2023. Duane Cole/The Globe and Mail

As home prices soar, Habitat for Humanity helps higher-income Canadians buy properties

5 min read

July 14, 2023

Houses with real estate signs are pictured in East York, Toronto, on Tuesday, October 12, 2021. (Christopher Katsarov/The Globe and Mail)

Houses with real estate signs are pictured in East York, Toronto, on Tuesday, October 12, 2021. (Christopher Katsarov/The Globe and Mail)

CREA downgrades home sales forecast for 2023 after spring sales rebound eased in June

2 min read

July 12, 2023

A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023.
Canada's financial consumer watchdog says it expects banks to support Canadians with mortgages who are experiencing severe financial stress due to the current environment of high household debt, rising interest rates and the increased cost of living.THE CANADIAN PRESS/Nathan Denette

A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023.
Canada's financial consumer watchdog says it expects banks to support Canadians with mortgages who are experiencing severe financial stress due to the current environment of high household debt, rising interest rates and the increased cost of living.THE CANADIAN PRESS/Nathan Denette

Variable-rate mortgage borrowers under pressure again as BoC hikes rate to 5 per cent

4 min read

July 11, 2023

Bank towers are shown in Toronto's financial district on Wednesday, June 16, 2010. Canada's financial regulator is raising the amount of capital the country's major banks need to have on hand to cover potential losses again.THE CANADIAN PRESS/Adrien Veczan

Bank towers are shown in Toronto's financial district on Wednesday, June 16, 2010. Canada's financial regulator is raising the amount of capital the country's major banks need to have on hand to cover potential losses again.THE CANADIAN PRESS/Adrien Veczan

Bank regulator mulls changes to ensure lenders can absorb mortgage risks

3 min read

July 5, 2023

Real estate signage showing a home that has sold is seen on Monday, May 15, 2023 in Montreal. The Canadian Real Estate Association says home sales in May climbed higher compared with the same month last year to post the first year-over-year sales increase since June 2021 as prices also climbed higher. THE CANADIAN PRESS/Christinne Muschi

Real estate signage showing a home that has sold is seen on Monday, May 15, 2023 in Montreal. The Canadian Real Estate Association says home sales in May climbed higher compared with the same month last year to post the first year-over-year sales increase since June 2021 as prices also climbed higher. THE CANADIAN PRESS/Christinne Muschi

Unable to downsize, more seniors are living in larger homes with empty bedrooms

5 min read

June 25, 2023

Shopify Inc. headquarters signage is shown in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Shopify Inc. headquarters signage is shown in Ottawa on Tuesday, May 3, 2022. THE CANADIAN PRESS/Sean Kilpatrick

CRA targets Shopify customers, wants six years of tax records from Shopify

3 min read

June 23, 2023

Anshul Ruparell, founder and CEO of real estate company Properly, poses for a photo in front of a home the company is selling in Toronto, Friday, October 9, 2020. (Galit Rodan/The Globe and Mail)

Anshul Ruparell, founder and CEO of real estate company Properly, poses for a photo in front of a home the company is selling in Toronto, Friday, October 9, 2020. (Galit Rodan/The Globe and Mail)

Real estate brokerage Properly hires investment bank, mulls buyout offer

3 min read

June 22, 2023

Condos in downtown Kingston, Ontario, on Wednesday June 21, 2023. Lars Hagberg/The Globe and Mail

Condos in downtown Kingston, Ontario, on Wednesday June 21, 2023. Lars Hagberg/The Globe and Mail

Larger investors dominate condo ownership in smaller cities in Ontario and B.C.

3 min read

June 2, 2023

Two houses sold in Leaside neighbourhood, Toronto, on May 16, 2023
(Ammar Bowaihl/The Globe and Mail)

Two houses sold in Leaside neighbourhood, Toronto, on May 16, 2023
(Ammar Bowaihl/The Globe and Mail)

Toronto real estate recovery in full swing in May, home prices up again

2 min read

May 23, 2023

A new report from Statistics Canada shows B.C.'s share of investor-occupants, who own a single property with multiple units, including their primary place of residence, is much higher than in other provinces. Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

A new report from Statistics Canada shows B.C.'s share of investor-occupants, who own a single property with multiple units, including their primary place of residence, is much higher than in other provinces. Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Four in five Ontario housing investors live in the province: Statscan

3 min read

May 18, 2023

The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. The Bank of Canada will release its latest business outlook survey and Canadian survey of consumer expectations on Monday. The reports come ahead of the central bank's next interest rate decision and monetary policy report scheduled for April 12. THE CANADIAN PRESS/Sean Kilpatrick

The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. The Bank of Canada will release its latest business outlook survey and Canadian survey of consumer expectations on Monday. The reports come ahead of the central bank's next interest rate decision and monetary policy report scheduled for April 12. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada says mortgage payments could spike as much as 40 per cent

5 min read

May 17, 2023

A pedestrian walks by 250 King St. East, Toronto on Wednesday, May 17, 2023. Tuan Minh Nguyen/ The Globe and Mail

A pedestrian walks by 250 King St. East, Toronto on Wednesday, May 17, 2023. Tuan Minh Nguyen/ The Globe and Mail

Developers to launch hundreds of new condo units in Toronto as demand returns

4 min read

May 15, 2023

Real estate signage showing a home for sale is seen on Monday, May 15, 2023 in Montreal.THE CANADIAN PRESS/Christinne Muschi

Real estate signage showing a home for sale is seen on Monday, May 15, 2023 in Montreal.THE CANADIAN PRESS/Christinne Muschi

Canadian housing market rebounds in April with supply at 20-year low

3 min read

May 11, 2023

Romy Bowers, President and CEO of CMHC, is photographed at the Globe and Mail Centre on May 10, 2023. (Fred Lum/The Globe and Mail)

Romy Bowers, President and CEO of CMHC, is photographed at the Globe and Mail Centre on May 10, 2023. (Fred Lum/The Globe and Mail)

CMHC CEO rejects idea of extending mortgage amortization period

3 min read

May 5, 2023

Snow-covered houses and the downtown skyline are seen with the north shore mountains in the distance, in Vancouver, on Thursday, December 30, 2021. British Columbia's Electoral Boundaries Commission is recommending the creation of six more electoral districts in the province, raising the number of ridings to 93 from the current 87. In addition to the call for six new districts reflecting areas of rapid population growth, the commission is also seeking adjustments to the boundaries of 72 other districts and changes to the names of 41 ridings. THE CANADIAN PRESS/Darryl Dyck

Snow-covered houses and the downtown skyline are seen with the north shore mountains in the distance, in Vancouver, on Thursday, December 30, 2021. British Columbia's Electoral Boundaries Commission is recommending the creation of six more electoral districts in the province, raising the number of ridings to 93 from the current 87. In addition to the call for six new districts reflecting areas of rapid population growth, the commission is also seeking adjustments to the boundaries of 72 other districts and changes to the names of 41 ridings. THE CANADIAN PRESS/Darryl Dyck

CMHC reports growing share of mortgage insurance clients close to underwater on loans

3 min read

May 3, 2023

A person walks by a row of houses in Toronto on Tuesday July 12, 2022. A recent Statistics Canada survey showed that 44 per cent of people aged 25 to 34 reported that, due to rising prices, they either wanted to purchase a home or move but did not, moved sooner than planned, or chose a more affordable option such as downsizing to a more affordable house or rental. THE CANADIAN PRESS/Cole Burston

A person walks by a row of houses in Toronto on Tuesday July 12, 2022. A recent Statistics Canada survey showed that 44 per cent of people aged 25 to 34 reported that, due to rising prices, they either wanted to purchase a home or move but did not, moved sooner than planned, or chose a more affordable option such as downsizing to a more affordable house or rental. THE CANADIAN PRESS/Cole Burston

Toronto home sales jump 27% in April, home prices spike as recovery gains momentum

3 min read

April 27, 2023

Builders work on the roof of a home in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. THE CANADIAN PRESS/Justin Tang

Builders work on the roof of a home in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. THE CANADIAN PRESS/Justin Tang

CMHC forecasts 32-per-cent drop in new home construction due to inflation, labour shortages

3 min read

April 24, 2023

Homes Father Redmond Way in Etobicoke, are photographed on Jan 10, 2023. Fred Lum/The Globe and Mail.

Homes Father Redmond Way in Etobicoke, are photographed on Jan 10, 2023. Fred Lum/The Globe and Mail.

Mortgage insurers report growing number of homeowners with underwater loans

4 min read

April 20, 2023

Rental signs are seen in Toronto, Ont.,, on Thursday April 20, 2023. (Christopher Katsarov/The Globe and Mail)

Rental signs are seen in Toronto, Ont.,, on Thursday April 20, 2023. (Christopher Katsarov/The Globe and Mail)

Average Toronto apartment rents surge to over $3,000 a month

3 min read

April 14, 2023

A for sale sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. The Canadian Real Estate Association is cutting its forecast for home sales this year and lowering its expectations for price growth. THE CANADIAN PRESS/Graeme Roy

A for sale sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. The Canadian Real Estate Association is cutting its forecast for home sales this year and lowering its expectations for price growth. THE CANADIAN PRESS/Graeme Roy

Canadian home prices rise in March as new listings sit at 20-year low

3 min read