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RESCON report shows GGH municipalities fail to hit housing targets

1 week ago

GGH municipalities fail to hit housing targets: RESCON

RESCON, an industry group representing Ontario’s homebuilders, has given almost two-thirds of municipalities in Southern Ontario a failing grade on meeting their housing goals in the first half of 2025.

Aspen Village draws buyers to an 'urban village' concept

Vesta Properties’ Aspen Village in Calgary is proving popular with buyers in part because it is being developed around a cluster of needs-based commercial and retail amenities, the company's Alberta sales manager says

Housing 'drought' is coming, Toronto builders warn

Toronto’s homebuilders’ association is warning of a looming housing “drought” as sales of new homes remained stagnant last month. Just 300 new homes of any kind sold across the GTA in August.

Compass to acquire Anywhere in ‘monumental’ deal

In a move set to reshape the global real estate landscape, Compass will acquire rival firm Anywhere Real Estate, in an approximately US$1.6-billion transaction. Anywhere's brands include Century 21, Coldwell Banker and Sotheby’s International Realty.

Vancouver builders embrace multiplex construction

Vancouver’s plan for densifying the parts of the city formerly zoned as single-family is straightforward – replace much of it with the three-, four- and-six-unit housing known as the multiplex. And multiplex homes are popping up on side streets throughout the city.

Sustainability, accessibility drive multifamily tenant demand

COLUMN: More and more Canadian households value community and are engaging with programs and platforms that reduce environmental impact. There’s also a clear interest in home improvements that boost both energy efficiency and personal wellbeing.

Federal government pulls plug on home retrofit loan program

In a few weeks, the federal government will close a program that encourages homeowners to retrofit their properties through energy efficiency upgrades, such as improved insulation, window replacement and purchasing a heat pump.

iPro Realty’s debt exceeded its value: court documents

iPro Realty had debts of more than $27 million owing to dozens of private investors and lenders, far exceeding the value of the defunct brokerage, according to documents filed in court by the Real Estate Council of Ontario.

Magdalen Islands house prices have exploded

Home prices have increased significantly across Quebec, but nowhere more so than in the Magdalen Islands, where the median sale price jumped 215 per cent between 2016 and 2023, according to data from JLR Land Solutions.

Housing slowdown drags B.C. sales to weakest Aug. in years

COMMENTARY: B.C.’s Lower Mainland housing market activity remained sluggish through August, even as activity edged up. Unadjusted total sales in the region spanning Metro Vancouver and the Fraser Valley was 3.2 per cent lower than a year ago.

Rate cut not a 'remedy' for Vancouver housing woes

Surrey Realtor Steve Karrasch believes the quarter-point interest rate cut announced last Wednesday won’t directly bring prices down, but the economic instability that the Bank of Canada is responding to could eventually lead to decreases.

32-bedroom project looms on single-family home lot

A north London, Ont. neighbourhood will see a 32-bedroom development built on the site of what was a single-family home, and neighbours are slamming city hall for allowing it.

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