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Kimberley, Mac & Mitch partnership made to weather uncertainty

1 week ago

Kimberley, Mac & Mitch JV made to weather uncertainty

A partnership between Edmonton-based homebuilders Kimberley Homes and Mac & Mitch Homes that has Kimberley build, market and sell Mac & Mitch’s entry-level housing is a move made to defend against an uncertain economy.

‘We failed everyone’: iPro cofounder speaks out for first time

Speaking out for the first time since the collapse of his realty empire, Rui Alves, cofounder of iPro Realty, says his family saw no benefit from the $10.5-million breach of his brokerage’s trust accounts

Ontario funding program to train homebuilders as mentors

Ontario is investing $1.5 million to train 100 experienced residential construction professionals as mentors. These mentors will guide new or displaced workers in leadership, building‐code updates and emerging construction technologies to help close the growing skills gap.

Toronto condo inventory needs to fall at least 25%: RBC

Toronto’s new condo sector is in a “deep freeze” that could reshape the housing landscape for years to come, warns RBC chief economist Robert Hogue. Toronto's inventory of condominiums needs to fall 25 per cent for sales to pick up.

First-time buyers still waiting for the 'perfect' timing

Despite lower interest rates, more inventory and softening home prices in major cities, economic uncertainty is prompting many Canadian first-time homebuyers to put their plans on hold, a Royal LePage survey has found.

'Zombie listings' taking hold of Toronto condo market

"Zombie listings" refers to overpriced properties withering on real estate websites despite having little chance of selling for anywhere near the asking price. Robert Van Rhijn, broker of record with Strata, says they are "taking oxygen out of the market."

Toronto area housing faces a wave of distressed sales

OPINION: According to a recent report, two-thirds of Toronto-area mortgage holders renewing their loans are now facing equal or higher payments. Combined with other pressures this is likely to drive more distress sales in the months ahead.

Does it even make sense to buy homes in Canada anymore?

Canada’s rent-or-buy debate hinges on stability versus flexibility, financial costs and personal values. Buying builds equity but requires major upfront and ongoing expenses. Renting offers predictability and mobility, but only benefits financially if disciplined investing replaces lost equity growth.

Here’s how much you need to earn to buy a home in Ottawa

A new report by Ratehub.ca shows Ottawa homebuyers needed to earn $135,250 to buy an average-priced home in August, up from $134,860 in July. The average price to buy a home in Ottawa was $630,000 in August.

A solution to Canada’s housing crisis has already been built

OPINION: Prime Minister Mark Carney’s Build Canada Homes initiative won’t solve Canada’s housing crisis. The real solution isn’t building more — it’s unlocking the millions of homes and buildings that already exist but sit vacant or underused across the country.

Why this N.W. Ontario town wants to build hundreds of homes

In preparation for an expected influx of employees for a proposed deep geological repository for used nuclear fuel, the community of Ignace, Ont. has issued its first-ever request for proposals for the development of a subdivision.

Is this Vancouver's most expensive duplex?

An unusual and historic home in Vancouver's fancy Shaughnessy neighbourhood has hit the real estate market. Four-bed, four-bath Unit 1 is listed for $7.88 million. Five-bed, seven-bath Unit 2 is listed for $8.288 million.

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