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Digital RE legal firm Ownright looks to simplify home closings

20 hours ago

Digital RE legal firm Ownright looks to simplify home closings

Toronto-based digital real estate law firm Ownright has new funding, a new name and now plans to expand its platform which streamlines the closings of residential property transactions.

Why housing policy could define the 2025 election

Over the past two decades, housing affordability has become a defining issue for Canadians. For many younger voters, homeownership feels further away than ever. For older investors, property has been a financial windfall. 

New 'modest' housing plans bring back old ideas

The Canada Mortgage and Housing Corporation has turned back the clock to the late 1940s and dusted off its first housing design catalogue, which it says spurred construction of a million new homes across the country.

Developers suing buyers who failed to close on condos

Two developers — CentreCourt and Mod Developments — have launched almost 130 lawsuits against purchasers who failed to close on condo units across five separate Toronto towers. In many of the cases, investors believed values would keep rising indefinitely and overextended themselves.

Housing market ‘not immune’ to trade war pain: economist

As Canada’s economy grapples with the fallout from the ongoing trade war with the U.S., Tony Stillo, director of Canada economics at Oxford Economics says the closely watched Canadian housing market may be its next casualty.

GTA home sales drop in March amid trade concerns

Home sales in the Greater Toronto Area (GTA) fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago. The average selling price decreased 2.5 per cent compared with March 2024.

Almost half a million people opened FHSAs last year

Almost half a million individuals, the majority of which were young people, opened a First Home Savings Account (FHSA) in 2023, according to new data from Statistics Canada. That was the first year the FHSA was introduced. 

The housing crisis has a simple solution: Jon Love

OPINION: The source of Canada’s housing issues is straightforward: excess taxation and intense regulation on construction, which limit supply and elevate cost, Jon Love, the executive chair and founder of KingSett Capital, writes.

Inaccurate data from CMHC hampers affordable housing

Ken How is trying to turn an abandoned rural Ontario school into affordable housing — a difficult task made harder, he says, by inaccurate rental data from the Canada Mortgage and Housing Corporation that puts federal funding out of reach.

Hamilton building combines stability and sustainability

What was once a parking lot in Hamilton has been transformed into a mid-rise building providing accessible, affordable housing. The modular, Hamilton’s King William Flats has 24 units, services to support its residents and has achieved the Passive House standard.

Drewlo sweetens pot for tenants in rent-save-own program

Drewlo Holdings, one of London, Ont.’s largest landlords, is revamping a program to help renters get into homeownership, boosting how much residents can save toward the price of a new home.

Landlords offering free rent, other perks to attract new tenants

A luxury building is offering up to two months of free rent and complimentary Wi-Fi. A property manager is dangling three months of free rent on a two-year lease. These are some incentives seen recently for Toronto-area rentals.

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