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Cornerstone to be Ontario's second-largest real estate board
Cornerstone to be Ont.'s second-largest real estate board
A merger of four real estate boards in Ontario named the Cornerstone Association of Realtors aims to open up the industry’s data sharing and offer more services and higher standards. Cornerstone says it's the second-largest real estate board in Ontario.
GTA home prices drop in July as real estate listings pile up
Home prices in the Greater Toronto Area (GTA) declined by almost five per cent in July, as ample new listings and fewer buyers put pressure on sellers to lower their prices on top of a typically quiet summer market.
Average Canadian rent tops $2,200 in July: report
Rents are still rising in Canada, but the year-over-year pace of growth has slowed. Data from Rentals.ca and Urbanation says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year.
Metro Vancouver sees 20% surge of new listings in July
Last month, new listings on Metro Vancouver’s MLS rose about 20 per cent year-over-year, Greater Vancouver Realtors reports. At the same time, residential sales totalled 2,333, five per cent less than the same time last year.
Toronto condo market stalls as sellers, buyers face off
A recovery in Canada’s housing market looks set to be a drawn-out process, with Toronto’s condo segment fighting an especially heavy malaise. So far, two Bank of Canada rate cuts have failed to revitalize a market with record-high inventory.
Over 80% of Toronto-area homes selling below asking
A new report from real estate listing site Wahi shows that the majority of neighbourhoods in and around Toronto are experiencing homes selling for below asking price, with underbidding on homes now the norm.
Home prices, sales dip in London-St. Thomas for July
Home sales and prices in the London and St. Thomas, Ont. area dipped slightly in July, while the number of new listings remained steady compared to June, new figures from the London and St. Thomas Association of Realtors show.
Niagara real estate market levels out after spring surge
After a stronger spring surge, Niagara’s real estate market has levelled out, with decreases in sales and new listings, and a slight dip in its benchmark price. The level of activity in the region aligns with typical summer patterns.
U.S. property giant Hines looking to invest up to $2B in Cda.
Houston-headquartered Hines, which owns and manages about 850 properties in 30 countries, views apartment building developments as a top investment in Canada given the country’s shortage of affordable homes. The company is looking mostly at Toronto, Vancouver, Calgary and Montreal.
Population surge changes luxury market: Sotheby’s
Unprecedented population growth is dramatically changing Canada’s conventional and luxury real estate market, according to Sotheby’s International Realty's International Realty Canada’s Top-Tier Real Estate: 2024 Mid-Year State of Luxury Report.
Builders offering half-price mortgages, but still no takers
To snap potential buyers out of their trance, builders are dangling the carrot of mortgage incentives. Take Countrywide Homes, for example. It’s pitching three-year mortgage rates at just 2.34 per cent. That’s less than half the standard market rate.
New homes made ‘attainable’ with ready-to-rent additions
With mortgage costs remaining high and prices stubbornly high in even small markets, developers like Sean Mason are using the term “attainable” to describe features that might make it easier for a buyer to commit to a pre-construction contract.
How modular housing could speed up home construction
Modular housing can get homes built anywhere from 20 to 50 per cent faster, according to consulting firm McKinsey, while also cutting down on neighbourhood disruption, reducing waste, requiring fewer workers and potentially being upward of 20 per cent cheaper.
We’re stuck in this housing crisis until we do these two things
OPINION: Ontario’s housing crisis continues to worsen as rents across the GTA exceed $2,000 for a one-bedroom apartment. Fixing this will require addressing both slow homebuilding and high population growth.
Toronto condo sells at $320,000 loss
A 37th-floor luxury three-bedroom condo in the heart of Toronto’s entertainment district that sold for a $320,000 loss is an example of a condo market that hasn’t been this tough in decades, Realtors and observers say.
Victoria residents battle illegal short-term rentals
Residents of a Victoria building want to see how they can help the city crack down on illegal short-term rentals — and are planning for the condo to levy its own fines against short-term rental operators who don’t follow the rules.
Is Singapore’s housing model a viable solution for Canada?
Singapore’s housing model, where the government plays a dominating role in land ownership, property development and financing, has been held up numerous times by people like British Columbia Premier David Eby as a path to affordability in Canada.
Skyline named ‘Most Trusted manufactured home builder’ in U.S.
Skyline Homes has been recognized as America’s Most Trusted manufactured home builder for the fourth consecutive year, according to a release. Skyline builds homes in Canada under the Moduline and SRI Homes brands.
The future of affordable housing may be made of mushrooms
The team behind The Phoenix in West Oakland, Calif. turned to an innovative, sustainable biomaterial called MycoComposite to form the core of the facade. MycoComposite is a combination of mycelium—the living root structure of mushrooms—and shredded hemp stalks.
Platonic couple's plan to buy a house ends up in B.C. court
A co-owner of a Squamish house bought with a friend so they could raise a baby together asked the B.C. Supreme Court to order the sale of the house after the pregnancy ended.
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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