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Meet the Micro-hood: SvN's housing concept tackles cost, density

1 month ago

Meet the Micro-hood: SvN concept tackles cost, density

A neighbourhood design that promotes community ownership and enables smaller builders to better compete in the construction market - known as Micro-hoods - has been developed by SvN Architects + Planners.

Experts float possible 50 BPS October rate cut from BoC

Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision. Even if the Bank doesn’t opt for a "supersized" cut, a quarter-point cut is virtually guaranteed, experts say.

Calgary's Shane Homes marks 45th anniversary

Today at 80 years old, the chairman and chief visionary officer of Shane Homes, Calvin Wenzel, presides over the building empire he named for his son, now company president and CEO, who was just seven when the company began. 

Fast, prefab and affordable on Toronto's Ossington Avenue

For a three-storey building being built at 1120 Ossington Ave. in Toronto, developer/builder Assembly is using a “kit of parts” such as cross-laminated timber floor assemblies, bathroom and kitchen pods, as well as wall and ceiling panels.

Public perceptions influenced mortgage decision: OSFI head

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, Office of the Superintendent of Financial Institutions (OFSI) head Peter Routledge said.

Developers eye health care workers as prime buyers

One doesn’t usually see “close proximity to hospitals” in real estate listings. But for builders with projects near health care facilities or developments, it's apparent that local health care workers comprise a sizable segment of their future home buyers.

Fall could be the best real estate market in years: report

Following a global pandemic, fluctuating inflation and shifting interest rates over the past several years, a Zoocasa report says fall 2024 could be the best real estate market Canadians have seen in years.

Not all young Canadians have given up buying a home

A new report from Royal LePage gauged how young Canadians — broadly including those born from 1986 to 2006 — feel about their homeownership prospects. A little over half in that age group said they believe homeownership is an achievable goal. 

Toronto home sales jump in September: TRREB

Toronto Home sales were up by 8.5 per cent year-over-year in September after a subdued spring and summer market, according to the Toronto Regional Real Estate Board’s (TRREB) monthly market report.

Toronto condo buyers are out there, but ‘taking their time’

In August, home sales in the Greater Toronto Area real estate market dropped to their lowest level for that month since 2000. Condo apartments and townhouses in the central 416 area code were particularly quiet while inventory remained bloated.

Metro Vancouver home sales down as listings surge

The Vancouver-area real estate market is moving closer to buyer-friendly territory as inventories surged in September but sales stayed stubbornly sluggish. Recent interest rate cuts by the Bank of Canada haven’t managed to coax more buyers off the sidelines.

Calgary home sales fell in September, board says

The Calgary Real Estate Board says September home sales tumbled 17.6 per cent from last year’s record levels to 2,003, but remained around 16 per cent higher than long-term trends for the month.

BCREA calls for review of province’s short-term rental ban

The British Columbia Real Estate Association (BCREA) is calling for significant amendments to British Columbia’s short-term rental laws to mitigate the disruption they’ve caused for specific business and tourism sectors across the province.

B.C. Housing warned about abuses but kept quiet: docs

Two years before CBC News revealed that dozens of people had allegedly abused a B.C. Housing affordable homeownership program in Victoria, the agency's leaders were warned there was a "high risk" the situation could become public.

‘More supply doesn't necessarily lead to lower rents’

Canada’s rental market and housing crisis was recently put under a microscope by researchers at Concordia University, in partnership with Equiton, with results showing that even with supply increasing, prices may continue to rise.

Acorn labels investor Ontario's top ‘renovictor’

Rental property investor Michael Klein is being called Ontario’s most prolific “renovictor” as the federal government prepares new Renters Bill of Rights legislation that promises to take action against evictions for renovation.

Toronto listing sees asking price dropped by $250K

A recently renovated, two-bedroom home on Toronto's Caledonia Road was first listed for $849,000, but sat on the market for 41 days without selling. Now, it's been re-listed for $599,000, a $250,000 price drop.

Initiative 99 showcases 3D-printed, affordable homes

The winners of Initiative 99, a global competition aimed at designing affordable housing that can be built for US$99,000 or less, have been announced. Winners include Guerin Glass Architects from the U.S. and MTspace Studio from New Zealand.

Dealing with foreclosure before it becomes reality

Thinking that you might need to file bankruptcy can lead to many sleepless nights, but even more stressful is the thought of losing your home if you can’t keep up with your mortgage payments.

The role of proptech in tenant satisfaction

With over 75 per cent of tenants worldwide reporting that rising rents have negatively impacted their quality of life, property managers have the opportunity to differentiate themselves by offering competitive rates and using technology to enhance tenant satisfaction and loyalty.

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