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Realtor.ca to become a for-profit subsidiary of CREA
Realtor.ca to become a for-profit subsidiary of CREA
The decision to make Realtor.ca a for-profit subsidiary of the Canadian Real Estate Association (CREA) is designed for nimbleness and responsiveness, a spokesperson for the Ottawa-based national industry group said.
Ont. developer has high hopes for new house-building robot
Over years of testing, Horizon Legacy Construction Automation Corp. has adapted a robotic arm to erect concrete-like walls with speed and precision. Now, the robot is being used on its first project: 26 rental townhouse units in Gananoque, Ont.
Kelowna condo construction could heat up in spring
As borrowing costs start to lower, several Kelowna, B.C. condo projects put on hold over the past 12 to 18 months could spring to life. According to Mission Group CEO Jon Friesen, it could happen within the next six months.
Toronto new condo sales plummet in September: BILD
Just 247 new-build condo units were sold in the Greater Toronto Area in September — a drop of 81 per cent compared to September 2023, and 85 per cent below the 10-year average, according to the Building Industry and Land Development Association (BILD).
BoC's interest rate cut boosts optimism in Edmonton
Last week's move by the Bank of Canada (BoC) to cut its key interest rate by 50 basis points is widely expected to have a positive impact on real estate and other sectors of Edmonton's economy.
How tax reform could help with housing affordability
OPINION: Twenty-five per cent of the price paid by a new home buyer on an average new home in the Greater Toronto Area is comprised of government fees, taxes and charges added by the three levels of government.
Why Canada's luxury home market is softening
VIDEO: Don Kottick, CEO of Sotheby’s International Realty Canada, talks with the Financial Post about Canada’s luxury home markets from coast to coast. He discusses why the market, especially for condominiums, has softened and when sales might pick up again.
Where Ontario housing prices could see the biggest drop
Ontario’s housing market has been red hot for years now, but that may soon change, and some areas could be hit harder than others. Bancroft could see the biggest price drop, followed by Chatham Kent and Windsor-Essex, according to Desjardins.
More Canadian homeowners opting for variable mortgages
After the Bank of Canada's 50 basis point-rate cut last Wednesday, mortgage brokers surveyed by the Toronto Star reported they are receiving more inquiries than usual for variable rate mortgages after years of consecutive rate hikes.
How to lessen the penalty for a broken mortgage
While breaking a mortgage can often rack up thousands of dollars in penalties depending on the type and years left on the term, experts say there are some options to mitigate or even avoid those fees entirely.
More Canadians are carrying huge mortgages into retirement
Shannon Lee Simmons, a financial planner with nearly 20 years of experience, has seen a major shift in the past five years: more clients are approaching retirement with hefty mortgages, some as high as $500,000.
Toronto’s rents are finally falling. Here’s why
Rental units of all types across Toronto have sometimes been sitting on the market for weeks or even months as building owners wait for tenants who will lease at their desired price. That’s led some to start accepting offers below asking.
B.C. condo owners seek damages for property-value drop
Owners of 22 former short-term rental units in Victoria have filed nine lawsuits against British Columbia, arguing legislation banning short-term rentals amounts to expropriation of their units, and owners are owed compensation.
Hefty tax now applies to some short-term rental owners
The Tax Court of Canada recently ruled that homeowners who frequently rent their properties as short-term rentals are subject to paying 13 per cent HST when it's put up for sale.
Immigration cuts could impact housing market ‘soon’
The federal government last week announced reduced immigration targets for the next three years, which some experts say will have an impact on housing affordability as early as next year.
Real estate crowdfunding in Canada
Crowdfunding essentially democratizes access to real estate by allowing individuals to pool their resources and collectively invest in high-value properties. This gives smaller investors the chance to participate in deals that would potentially cost millions of dollars.
Sustainable housing solutions by design
Researchers at the University of Waterloo have reimagined the construction of modular homes with the development and testing of a new design that allows the structures to be more easily relocated, reassembled and reconfigured in either urban or remote areas.
Real estate agent allowed husband to provide licensed services
B.C. real estate agent Yoo Kyung (Ashley) Kim had been representing clients interested in a Langley property when she let her husband pose as a estate agent. Kim is facing a $14,000 fine and a six-month suspension.
Vancouver condo owners look to cash in on Taylor Swift mania
Vancouver condos have been listed for rent during Taylor Swift's Dec. 6, 7 and 8 concerts for thousands of dollars – including a bedroom for $2,000 per night, and a one-bedroom apartment for $10,000 for an extended weekend.
U.S. new home sales highest in nearly 18 months in September
New U.S. home sales jumped 4.1 per cent to a seasonally adjusted annual rate of 738,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau said last Thursday.
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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