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Need more living space? Condo builders offer combined units
Need more living space? Condo builders offer combined units
There appears to be a budding solution to complaints that the living space in Toronto condominiums has been shrinking for years - some developers are now allowing pre-sale buyers to combine condo units.
Builder pitches 92-unit townhome plan with unique bonus
London, Ont. developer Royal Premier Homes is seeking rezoning approval for a townhouse complex near Meadowlily Woods, pitching city council on playground upgrades at nearby schools in lieu of affordable units.
Building an urban feel into suburban Alberta
Alpine Park, a new greenfield community in southwest Calgary, features a layout and human-scaled streets that favour walkability, connectivity and green open spaces, unlike a conventional suburb. When built-out, Alpine Park is expected to accommodate 10,000 residents.
Property flippers transformed an entire Toronto street
Since 2015, nine new custom homes have replaced the "strawberry box" homes on Toronto's Exmoor Drive. The transformation has pushed these homes out of reach for many, as the new homes cost at least twice as much as old ones.
Controversial Calgary housing development rejected
Many residents of Calgary's Queensland neighbourhood are breathing a sigh of relief after a proposal for four row houses, each with a secondary suite, was rejected following much public scrutiny. The application from developer Nines Design was rejected last week.
B.C. must embrace off-site building to boost housing
OPINION: Off-site, factory-built or modular construction methods are innovative approaches that encounter roadblocks in B.C.'s bureaucratic process because the square peg doesn’t fit the round hole. But off-site’s benefits speak for themselves.
Alberta housing starts nearing two-decade high
The City of Edmonton last week confirmed it hit a goal to surpass its 2023 housing starts, with 10,004 between January and September this year. The total for 2023, by comparison, was 9,665.
GTA home competition heats up as overbidding rises
For the first time since March, the share of Greater Toronto Area (GTA) neighbourhoods experiencing overbidding has increased, signalling growing competition for single-family homes, according to a recent analysis from digital real estate company Wahi.
New condo sales drop 81% across southern Ontario
New condo sales in the Greater Toronto and Hamilton Area are continuing to drop off, falling 81 per cent in Q3 compared to the same period last year, according to a new report by Urbanation.
Ottawa watching anticipated interest rate cut closely
Forecasters said they expect the Bank of Canada to lower its policy rate by half a percentage point this week. Those in the Ottawa real estate industry say they are watching closely to see the impact on the local market.
Demolition looms for Toronto’s whimsical cube homes
Block Developments, which owns the land where the cubes sit, has submitted a demolition application to the city. The developer bought the cube homes at 1 Sumach St., along with six homes across the street, in 2023 for $19.12M.
Vancouver home sets benchmark for sustainable builds
A Vancouver home, built in 1908, is being reconstructed to net-zero standards, and will become Canada’s first 115-year-old home to receive such extensive treatment, enabling it to produce as much energy as it consumes.
Rent increases are dropping nearly everywhere in Canada
The annual growth rate for rents in Canada dropped for a fifth month in a row year over year, but there’s one place really bucking the trend that may be surprising unless you live there: Saskatchewan.
Income required to buy a home in Ottawa drops $6,000
The income required to purchase a new home in Ottawa has dropped approximately $6,000 since the spring, as interest rates declined across the country, according to a new report from Ratehub.ca.
Is the new Canadian home buyer more likely to be solo?
According to a survey released in July by real estate search portal Point2, 42 per cent of prospective first-time home buyers said they were considering applying for a mortgage alone.
Real estate agent submitted 'falsified' financial info
The B.C. Financial Services Authority has cancelled the licences of Jin Luo and his personal real estate corporation after he admitted to using an unregistered mortgage broker and submitting "falsified income and savings information" on two mortgage applications.
76% of Canadian homeowners face repair emergencies
A recent survey reveals that 76 per cent of Canadian homeowners have dealt with at least one home repair emergency over the past year. Despite this, almost 30 per cent of homeowners have minimal or no savings for unexpected repairs.
Want to downsize? Here’s how to start planning
Whatever it is that’s making you consider downsizing your home, be sure to take a “you-first approach” when deciding on next steps, according to Laura Tamblyn Watts, CEO of national seniors advocacy group CanAge.
U.S. homebuilder sentiment reaches four-month high
Sentiment among U.S. home builders jumped to a four-month high, with the prospect of lower mortgage rates fuelling optimism about demand for new houses in the coming year, according to the National Association of Home Builders and Wells Fargo.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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