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Mezza sees market for more affordable, quality modular homes

4 days ago

Mezza sees market for cheaper, quality modular homes

Mezza Ltd. president Tyler Wilson says his firm has plans to scale up its delivery of more affordable, quality modular housing in Northern Ontario as a solution to rapidly rising housing prices and to shorten build times.

Ontario mortgage delinquency rate jumps 50%

Mortgage delinquencies in Ontario have skyrocketed 50 per cent above pre-pandemic levels, Equifax Canada reports. Over 11,000 mortgage holders missed at least one payment in Q4 2024, nearly three times the number in 2022.

Housing: A ‘broken system’ or heading toward balance?

Inflation is down, interest rates are lowering and population growth is starting to slow, but there’s a trade war looming. What does that all mean this year for housing? At this point, only time will tell.

Building up eases costs, but many cities 'allergic' to height

Building upward is a solid way to attack the problems of housing affordability and urban sprawl, but Quebec cities outside the Montreal area are often averse to height.

Threat of tariff war already driving up housing costs

The I-beam, a crucial component of buildings, is just one item on a long list of materials facing a 25 per cent tariff should Canada retaliate against U.S. President Donald Trump's proposed levy on a variety of Canadian products. 

In Toronto condo land, the investor buyer has left the building

As sales of new preconstruction condominiums have fallen to multidecade lows, more developers are turning away from the sugar high of investor-purchasers and rediscovering “end-users”: otherwise known as people who intend to live in the condo they buy.

A quarter of Toronto’s condos now exempt from rent control

In the six years since the Ontario government scrapped rent controls for new apartment buildings in 2018, about 26,870 purpose-built rental units in the Toronto area have been built unfettered by rent control.

85 new townhouses proposed for Pickering development

9004807 Canada Inc. (Stonepay) has submitted applications for a Zoning By-law Amendment and Draft Plan of Condominium at 1635 Palmer’s Sawmill Rd. in Pickering, Ont. The proposal includes plans to develop 85 townhouses.

Underbidding in Calgary reached highest level in Q4: Wahi

New data from Wahi suggests the Calgary real estate market slowed significantly in Q4 2024, with the vast majority of neighbourhoods experiencing underbidding rather than the heated competition seen earlier in the year.

Changing tax policy puts a chill on ultraluxury housing

Sales in the luxury niche of Toronto real estate take place in their own rhythm, but the uncertainty permeating the overall market is also apparent at the high end. 

Montreal banks on modular housing to ease homelessness

Montreal hopes to address the urgent issue of homelessness by transforming the former site of the Hippodrome racetrack in the Côte-des-Neiges—Notre-Dame-de-Grâce borough into modular housing, along with a portion of Louvain St. W. in the borough of Ahuntsic-Cartierville.

U.S. new home sales fall sharply in January

Sales of new U.S. single-family homes fell more than expected in January, as persistently high mortgage rates sidelined potential buyers, the latest indication that housing market and overall economic activity slowed early in Q1.

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