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Parkbridge debuts customizable modular home Woodgrove
Parkbridge debuts customizable modular home Woodgrove
A customizable bungalow model named Woodgrove is Parkbridge Lifestyle Communities’ latest addition to a catalogue of homes geared for land-lease neighbourhoods, debuting at its Huron Haven Village project in Goderich, Ont.
Couche-Tard scion bets on real estate to diversify fortune
Eric Fortin, the son of Alimentation Couche-Tard co-founder Richard Fortin and president of Kastello Immobilier, looks to expand the firm’s real estate holdings to more areas of Quebec, as the rental market sees strong growth from an influx of immigrants.
Calgary tiny home builder folds, homeowners scramble
Customers who paid for tiny homes are now dealing with headaches after Calgary company ZeroSquared said it is going out of business. The builder said it's facing a harsh economic environment, including the abrupt cancellation of a significant sales agreement.
Savvy renovators work around anti-house-flipping tax
While the Canada Revenue Agency has ramped up efforts to enforce a new anti-flipping tax law to cool housing prices, investors likely won’t be turning over more of their profits to the government anytime soon, real estate accountants say.
More than a million mortgage renewals coming up in 2025
More than a million homeowners facing mortgage renewal in 2025 will see “significantly higher interest rates,” with roughly 85 per cent of fixed-rate mortgages coming due, warns a new report from Canada Mortgage and Housing Corporation.
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BoC official warns against ‘tinkering’ with mortgage rules
The Bank of Canada’s senior deputy governor, Carolyn Rogers, is warning against adjusting mortgage rules to try to make home ownership more affordable. She said improving housing affordability ultimately requires reaching a balance between supply and demand.
New mortgage rules: Relief or risk for first-time buyers?
COLUMN: Allowing first-time homebuyers to qualify and structure payments at a 30-year amortization will lower payments. This will also allow first-time homebuyers who were at the margin of qualifying under a 25-year amortization to enter the ownership market.
Toronto-area home sales jump 44% in October
Greater Toronto Area annual home sales skyrocketed by 44.4 per cent in October, indicating buyers have stepped off the sidelines in response to the Bank of Canada’s four consecutive interest rate cuts, according to Toronto Regional Real Estate Board data.
Vancouver home sales surged in October
Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound.
Montreal-area home sales jumped in October: board
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 43.8 per cent in October compared with the same month last year. Home sales in the region totalled 3,824 for the month, up from 2,659 last October.
Ottawa home sales surge nearly 50% in October: OREB
Ottawa home sales soared 46 per cent in October compared with the same month a year ago, the Ottawa Real Estate Board (OREB) says. A total of 1,179 units changed hands last month, up from 808 in October 2023.
Baker launches residential purpose-built rental division
Toronto-based Baker Real Estate is launching a dedicated purpose-built rental division. It will offer developers, many of whom are increasingly focused on purpose-built rentals, an opportunity to achieve stabilized buildings with full occupancy faster, the company said in a release.
Top ReMax agent Cindy Avis joins Royal LePage
Former top ReMax agent Cindy Avis has moved to Royal LePage, joining forces with Realtor George Niblock to form the Niblock Avis Team. Avis was with ReMax for 26 years, focusing on luxury real estate in and around Oakville, Ont.
Here are 3 ways to help the housing crisis
VIDEO: The CEO of the London and St. Thomas Association of Realtors discusses strategies to combat Canada's housing crisis, including off-site construction technology, tax relief for builders and bringing all levels of government together.
Metro Vancouver approves 10 per cent increase in taxes, fees
Metro Vancouver’s board of directors approved a 2025 budget with an almost 10 per cent increase in taxes and fees on Friday, although North Shore directors staged a last-minute attempt to pare some of that back.
Ontario's largest mansion has sat, abandoned, almost 20 years
Originally intended to be a luxurious lakeside retreat, the 65,000-square-foot Peter Grant mansion in Haileybury, Ont. has been abandoned and left to deteriorate for nearly two decades — however, one entrepreneur is seeking to change that very soon.
Real estate startup bets big on U.K. housing
Greykite, the real estate investor founded by former TPG Inc. partner Michael Abel, has formed a venture to invest US$973 million into U.K. rental houses. The deal includes 11 sites in the Midlands, Yorkshire and the North East.
Typical U.S. homebuyer more likely to be older, single and a woman
The age of a typical homebuyer jumped to an all-time high of 56 in the U.S., as older owners tap their accumulated home equity for cash purchases or to make large down payments, according to the National Association of Realtors.
U.S. mortgage rates rise again, with recent jump most in 2 years
The U.S. contract rate on a 30-year mortgage increased eight basis points to 6.81 per cent in the week ended Nov. 1, the highest since July, according to Mortgage Bankers Association data released Wednesday.
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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