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Apcon sees silver lining in slow condo market: Available construction talent

1 week ago

Apcon sees silver lining in slow condo market

One of the silver linings born out of the B.C. Lower Mainland’s depressed pre-sale condo market is the availability of top development and construction talent, says a developer active in Surrey and Langley.  

Tech founder plans to build one million homes in 10 years

Inside the old Kraus flooring factory in Waterloo, Ont., a team led by ex-tech executives is developing a new factory model to help solve Canada’s housing crisis. The ultimate goal: to build one million homes in 10 years.

B.C. 'dashes' out digital tool to help build homes faster

British Columbia is launching a free, new digital tool aimed at helping developers and non-profit organizations design and build prefabricated homes and buildings of three to six storeys faster and more cost efficiently. 

In Toronto’s core, only 25 new condos sold last month

Only 25 new condo apartments sold in the old city of Toronto in October, data shows — fewer sales than players on the Toronto Blue Jays’ World Series roster that month, in the latest sign of a paralyzed new housing market.

Homes are selling like hotcakes in these parts of the GTA

The GTA locales where properties were snapped up the quickest were spread across downtown Toronto, York and Scarborough, and included Runnymede (average of eight days on the market), Riverdale (11 days) and Birch Cliff (12 days).

Are condos still a good investment? 35% of Canadians say no

A new Leger survey commissioned by Rates.ca reveals a shift in how Canadians view the condominium market. Thirty-five per cent of Canadians now believe they are no longer a good investment — a notable five-point increase from March.

A cooling market won’t fix Vancouver’s housing crunch

OPINION: True, falling prices, lower interest rates and modest income gains have recently improved affordability in Vancouver, especially for condos. But absent significant financial help from family, single-family homes remain far beyond the reach of most first-time buyers.

Life lease housing rules in the wings in Ontario

The Ontario government could be moving to regulate life lease housing via a private member’s bill from its own back benches. The newly tabled Bill 71 comes after a similar effort died when last winter’s election terminated the legislative session.

OREA announces CEO leave of absence

Ontario Real Estate Association (OREA) CEO Luigi Favaro is currently on a leave of absence, nearly three months after stepping into the role. OREA board president Cathy Polan will assume the role of acting CEO on an interim basis.

Inside the shifting awards culture in real estate

As some brokerages reassess how to recognize performance and consumers place greater weight on service and transparency, many are beginning to question whether traditional awards remain the best measure of a great agent.

Amid all the complaints, mortgage affordability improved

COLUMN: Mortgage unaffordability has been front-page news for years. It’s why the average age of a first-time home buyer in Canada is now around 40. Yet for all the misery facing first-time buyers, things have grudgingly improved.

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