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At Weavers Way, Minto steps out into Almonte

4 months ago

At Weavers Way, Minto steps out into Almonte

Minto Communities Ottawa is taking a step outside of its traditional stomping grounds to the nearby town of Almonte, where it plans to build a single-family and townhome community tailored to first-time buyers.

New homes to rise out of ashes of collapsed builder Stateview

As the fallout from the collapse of Ontario real estate developer Stateview Homes continues to work its way through the courts, some of its unfinished townhouse projects are about to spring back to life under new owners.

New condo tower proposed on Toronto's Spadina Road

A architectural gem from the early 1900s could become the base for a new condo building. Prowinko is seeking approval to build above an old apartment block at 41-45 Spadina Road, combining the two for a 15-storey structure.

B.C. municipalities face deadline to allow multiplexes

On June 30, the provincial government will mandate that all B.C. municipalities with at least 5,000 people allow more residential units to be built on lots now zoned for single-family homes or duplexes.

GTA sales of newly built homes plummet in May

The chill that has taken hold of the Greater Toronto Area’s (GTA) usually red-hot real estate market is leaving a growing number of new homes to languish — with new home sales down 71 per cent compared to last year.

Sellers seize on rate drop to enter housing market

When the Bank of Canada cut its key interest rate in early June, some industry watchers predicted the move would re-energize buyers in the Toronto-area real estate market. Instead, it’s the sellers who have been galvanized into action.

Hoping to buy in Ontario? Ottawa may be your best bet

As home prices remain sky-high in many parts of Ontario, countless homebuyers are looking to more affordable cities in other provinces. But there are still are some urban regions in Ontario that are relatively affordable. Case in point: Ottawa.

Torontonians flock to Blue Mountains for better quality of life

According to 2021 Census data from Statistics Canada, the Blue Mountains had the second-highest population growth in Canada between 2016 and 2021, growing more than 33 per cent from 7,025 in 2016 to 9,390 in 2021. 

Homebuyers lean on family to fund down payments

Many Canadian homebuyers rely on help from family members to pull together down payments. While that enables the lucky recipients to enter the market, it also further entrenches the wealth gap, according to new research from CIBC World Markets Inc.

Extended amortizations help mitigate mortgage risks

OPINION: In its latest Residential Mortgage Industry Report, Canada Mortgage and Housing Corporation asked a simple question: “Would increasing amortization from 30 years to 40 years help to substantially mitigate (mortgage market) risk?”

No secondary property spike following new capital gains rules

Changes to the capital gains inclusion rate took effect Wednesday — and while some experts say the changes are causing anxiety within the industry, a leading real estate association says it hasn't seen a bump in sales of secondary residences.

The importance of local SEO for real estate agents

While traditional search engine optimization (SEO) focuses on improving your rankings for general search queries, local SEO is about the geographic relevance of your business, specifically targeting location-based searches to help you connect with nearby customers. 

Townhouse sale shows just how much prices change in GTA

A four-bedroom townhouse in Mississauga’s Clarkson neighbourhood was first sold back in February 2022 for $1.2 million. In November 2023, the home was put back on the market for $799,900.

Toronto's famous 'Bezier Curve House' drops asking price

The “Bezier Curve House” of Toronto’s Lawrence Park neighbourhood was recently re-listed for over $3 million less than when it hit the market in 2022. The home is now listed at a reduced price of $9.8 million.

Toronto glass house has been on market for 2 years

A detached house at 561 Arlington Ave. has been on the market for more than two years, and it was originally priced at $3.6 million. Have glass walls, a contemporary architecture trend seen in biophilic design, had their heyday?

Horror movie property in B.C. listed for $2M — if you dare

The Lions Bay, B.C. property, listed for $20 million, is the original location of the dark, wood-panelled house featured in the 1996 psychological thriller Fear, starring Mark Wahlberg as a relentless stalker and Reese Witherspoon as his prey.

U.S. approves Freddie Mac pilot program to buy second mortgages

U.S. regulators have authorized a pilot program for housing giant Freddie Mac to buy second mortgages, a shift that could ultimately make it cheaper for households to borrow against the equity in their homes.

U.S. homebuilders urgently need Fed rate cuts

OPINION: New home construction slumped to the weakest level in four years in May, confirming a trend that’s been evolving for the past few months — residential construction is once again acting as a drag on economic growth in the U.S.

Irish housing crisis turns employers into reluctant Realtors

With Ireland’s housing crisis showing few signs of abating, businesses are increasingly having to step in with staffing accommodation, including buying or renting real estate. Ireland's housing costs are among the highest in the EU.

Barkitecture: How to design pet-friendly homes and communities

Given the vast number of homeowners with pets and recognizing the important role that housing and community design play in facilitating a pet-friendly lifestyle, many new communities are being designed with amenities and social events geared toward our furry friends. 

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