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Brokerage Rare hits $500M in low-rise housing contracts

20 hours ago

Brokerage Rare hits $500M in low-rise housing contracts

A struggling high-rise market in southern Ontario has led Toronto-based broker and marketing advisor Rare Real Estate to pivot toward low-rise preconstruction sales, where it reached a $500-million milestone in a year.

Housing starts must double to return to 2019 levels: CMHC

Housing starts will need to be almost doubled from current levels by 2035 for housing affordability to return to levels last seen in 2019, a report by the Canada Mortgage and Housing Corporation (CMHC) says.

Seacliff advancing 3 major Vancouver Island developments

The Vancouver Island development market has not been immune to the challenges the rest of B.C.’s new-housing market has been facing, but that hasn't stopped Seacliff Properties from moving forward on several phased developments. 

Robots are taking prefab housing construction to a new level

Vancouver-based Intelligent City is using massive industrial robots and advanced techniques in mass-timber construction to produce complete floor and exterior wall sections for a nine-storey apartment building that will be assembled in the Toronto suburb of Etobicoke.

Ontario housing starts at lowest level since 2009: watchdog

Ontario’s housing starts for the first quarter of this year were at the lowest levels since 2009, the province’s financial accountability officer said in a report. In Q1, construction started on just 12,700 housing units.

Toronto-area new home prices have hit the floor: BILD

Sales of new homes in the Greater Toronto Area remained at record lows for the eighth straight month in May, according to new data from Altus Group, the official source for the Building Industry and Land Development Association (BILD).

Good planning doesn't equal good design

COLUMN: Cities are adopting intensification strategies and beginning to address challenges like exclusionary zoning. But as essential as these policy moves are, one truth remains: good planning doesn’t automatically lead to good design, writes architect and urban designer Naama Blonder.

The slow crawl of cities on housing reform

OPINION: Anyone who has watched a child learn to walk will recognize how Canadian cities tackle housing policy. After much cajoling and handholding, they bravely stand up and take a few tentative steps forward, only to topple back to ground.

Broker's mission to serve first responders through real estate

Marc Cioffi joined the Toronto Police Service in 1999 and got his real estate licence in 2016. Now, his brokerage Sutton Group Kings Cross offers discounts and services tailored to police officers, firefighters, paramedics, military personnel and healthcare workers

Will the conflicts in the Middle East affect mortgage rates?

Few economic shocks rattle family budgets more than rising borrowing costs. That’s one reason why wars that rocket oil prices are bad for Canadians’ pocketbooks, and the Israel–Iran conflict may be no exception.

How one homeowner negotiated a better mortgage rate

COLUMN: Like many homeowners facing high interest rates and even higher costs, Matthew Vienneau recently found himself looking for opportunities to reduce expenses. What better place to start than the biggest expense of them all: his mortgage.

B.C’s rental protection fund a template for federal version

B.C. was the first province to launch a fund to preserve existing rental housing. Now, the federal government is about to launch a rental protection fund of its own to acquire existing buildings and to grow Canada’s non-profit housing sector.

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