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Panatch offers lock-off suite option at Richmond's Cavendish

3 weeks ago

Panatch offers lock-off suite option at Richmond's Cavendish

Builders marketing new homes to extended and larger families are increasingly offering separate, lock-off suites as options in their communities. B.C. homebuilder Panatch Group has joined the trend at its Cavendish townhome project in Richmond.

Builders buy less land amid slow new home market

Altus Group data shows that in 2024 more than $3.35 billion was spent on 296 deals for residential land development in the Greater Toronto Area, down 15 per cent from 349 deals in 2023.

April housing starts up 30% from March: CMHC

Canada Mortgage and Housing Corp. (CMHC) says the annual pace of housing starts in April rose 30 per cent compared with March. The seasonally adjusted annual rate of housing starts for April was 278,606 units, up from 214,205 in March.

New Ontario bill sparks concerns over Realtor standards

Ontario has tabled new legislation that will allow out-of-province Realtors to more easily work in the province, but some are warning the move could lower Ontario’s high standards and open the door to underprepared agents working in unfamiliar markets.

Home sales down almost 10% annually last month: CREA

The Canadian Real Estate Association (CREA) says home sales in April fell 9.8 per cent compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022”.

Toronto sellers are slashing prices, offering big discounts

Homebuyers are starting to find deals in what’s shaping up to be one of the toughest spring seasons for the Toronto housing market in over a decade. In April, 66 per cent of homes sold in Toronto went for below listing.

B.C. home sales decline amid economic uncertainty

British Columbia’s once red-hot real estate market appears to be cooling. Home sales are declining, according to a new report from the B.C. Real Estate Association. Residential home sales were down nearly 15 per cent this April from April 2024.

Why Canadian fixed mortgage rates are rising again

Much of the recent movement in Canadian mortgage rates has little to do with domestic data. Instead, it’s being driven by developments in the U.S. economy — and how investors interpret them.

New housing minister doesn’t think prices need to come down

Canada’s new Housing and Infrastructure Minister Gregor Robertson says he doesn’t think housing prices need to come down, and the federal government should focus on building more homes.

Carney’s bet on prefabricated homes has promise – and risks

ANALYSIS: Prime Minister Mark Carney has pledged billions of dollars in financing for makers of prefabricated homes to help end the country’s housing shortage. Experts say the plan is visionary – and laden with risks.

Ontario’s cottage market is ‘more or less paused’ due to tariffs

Amid uncertainty brought on by U.S. tariffs, Ontario’s cottage market is “more or less paused,” a report has found. Prices have declined in half of the province’s recreational markets, Re/Max Canada’s 2025 Cottage and Cabin Trends Report found.

It now takes about 6 years to save for a down payment

Saving for a home is no easy feat. With the backdrop of high inflation, high home prices and an unstable political climate, it’s taking longer for first-time homebuyers to save for a down payment, according to the Desjardins Affordability Index.

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