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Bank of Canada's third interest rate cut could kickstart home buying activity
BoC's third interest rate cut could kickstart home buying
The Bank of Canada (BoC) has cut its benchmark interest rate 25 basis points to 4.25 per cent, the third cut in as many months. It's a decision housing industry observers believe could jolt buyers back into the market.
Equitable's laneway mortgage designed for rental housing
Equitable Bank’s new Laneway House Mortgage is designed to help homeowners introduce more secondary suites to Canadian cities, and promote further densification of urban areas. Equitable says it is among the first banks in Canada to offer such a mortgage.
Minto CEO thinks Toronto’s condo market won’t crash
"Right now, we have a surging demand for housing driven by population growth. We’re amongst the fastest growing countries in the world, and we are undersupplied," Minto Group CEO Michael Waters said in an interview with the Toronto Star.
Canadian housing market shows signs of stability: Re/Max
According to Re/Max’s 2024 Fall Housing Market Outlook, average sale prices for all housing types are expected to increase between one and six per cent in most regions by the end of the year.
'Building block' designs aim to speed up construction in B.C.
B.C. unveiled new standardized designs meant to lower costs for people building small-scale, multi-unit housing. The designs, described as "building blocks", can be mixed and matched for up to three storeys, with options for duplexes, triplexes, quadplexes and townhouse designs.
Mariman Homes’ license revoked by Ontario’s HCRA
Ontario's Home Construction Regulatory Authority (HCRA) has revoked Mariman Homes’ license to build and sell homes in the province. Mariman had an ”unexplained shortfall” of over $14 million in deposit funds and failed to enrol in Tarion’s warranty program.
Toronto-area home sales declined in August: TRREB
The Toronto Regional Real Estate Board (TRREB) says there were 4,975 homes sold in August in the Greater Toronto Area, a 5.3 per cent drop compared with August 2023. The composite benchmark price was down 4.6 per cent year-over-year.
Toronto’s housing market will ramp up in the fall: experts
Toronto’s real estate market is betting on more interest rate cuts from the Bank of Canada to stimulate the fall market. Already the anticipation is having an impact. “We’ve seen an uptick of calls,” John Pasalis, president of Realosophy, said.
Want more housing? List homebuilders on the TSX
OPINION: If large homebuilders were publicly listed on the Toronto Stock Exchange (TSX), they would have ready access to capital, employee ownership, transparent governance, greater brand awareness, and the opportunity to grow through acquisition using their publicly traded shares.
Winnipeg Housing Accelerator Fund exceeds expectations
The City of Winnipeg has received 66 applications for the Capital Grant Program under the Housing Accelerator Fund, totalling over $160 million in requests. The program will distribute $25 million to selected projects, focusing on affordable housing.
Calgary home sales fell nearly 20% in August
August home sales in Calgary declined almost 20 per cent from last year’s record levels as the extreme sellers’ market conditions seen last spring continued to ease, the Calgary Real Estate Board said Tuesday.
Vancouver home sales fall 17% in August
Greater Vancouver Realtors says home sales in the region dropped 17.1 per cent in August from a year earlier and were more than a quarter below the 10-year seasonal average.
Construction for 'net-zero' home begins in Ontario
Construction on a new net-zero home has begun just outside of Athens, Ont. by a company called CABN. The firm builds and develops homes that produce as much energy as they consume through solar power.
Dolphin Realty acquires 49% stake in Homebaba
Markham, Ont.-based real estate brokerage Dolphin Realty Inc. has announced the acquisition of a 49 per cent stake for an undisclosed amount in Homebaba Technologies Inc., a leading Canadian online platform for new homes and condos.
University cities facing surprising rental market downturn
Rental brokers and property managers in major Canadian university cities are noticing a downturn, marking a U-turn from recent years where there were often bidding wars for student housing in the months leading up to the start of the fall term.
Which is better for you, renting or buying a home?
OPINION: Like many financial decisions, there is no one-size-fits-all answer. But if you are trying to come to a decision about where to live that you can live with, where do you start?
TO seniors aren't downsizing: what it means for millennials
As Toronto’s millennial population approaches the size of the baby boomer generation at its peak, the turnover for ground-related housing will likely continue to be slow, and the supply will arrive too late to meet millennials’ needs, a report finds.
A powerful, underused way to boost contributions to an FHSA
For parents, the magic happens when putting money into a first home savings account (FHSA) yields not only tax savings but a boost to the Canada Child Benefit, a tax-free monthly payment from the federal government.
The high cost of real estate commissions
OPINION: It is unusual that real estate agents’ compensation doubled over a decade. There are low-fee agents, but take a look at MLS, the central online hub for listings: a typical listing does not include the selling agent’s fee.
Lawyers accused of stealing from homebuyers found in contempt
A pair of Toronto lawyers, Singa Bui and her husband Nicholas Cartel, accused of embezzling nearly $7 million from real estate clients, has been found in contempt of court for failing to answer questions about where the money went.
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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