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Delays to development charge reductions stall Ottawa housing starts

6 days ago

Ottawa housing starts stall amid development fee delay

All levels of government agree that Ottawa urgently needs more housing, but policy friction and stalled incentives are keeping shovels out of the ground, attendees heard at the Ottawa Real Estate Forum last week.

BoC warns of ‘subdued’ housing market amid rate hike

The Bank of Canada’s rate hike Wednesday is set to translate to higher borrowing costs for homebuyers, adding further pressure as the real estate sector also copes with rising prices for construction materials.

Builders finding new ways to get shovels in the ground

With demand for newly built homes subdued, developers and builders are searching for alternative ideas on how to fund and bring products to market, such as experimenting with different housing types, financing arrangements and sales strategies.

Renoworks launches AI-powered home visualization tool

Renoworks Software (RW-X) has launched an artificial intelligence (AI)-powered version of its home visualization software, allowing homeowners to see how products and design choices would look in their homes before committing to a renovation or new build.

The housing correction is an Ontario and B.C. story

Four and a half years after the peak, Canada’s housing correction isn’t over. But the national number hides the real story: This is now mainly a correction in two provinces.

B.C. home sales slide as housing starts rise in September

B.C.’s housing market lost momentum in September as August’s pickup proved short-lived. Seasonally adjusted MLS sales fell 5.7 per cent from August to 5,428 units. Sales were also down 7.7 per cent year-over-year and 5.9 per cent year-to-date.

More Ontario municipalities receiving big DCRP dollars

The Development Charge Reduction Program (DCRP) funds local water and road infrastructure in exchange for temporary cuts or pauses on residential development fees. Sudbury, Windsor, Tecumseh and the County of Essex are the latest municipalities on the receiving end.

136-unit apt. building under construction near U of A

A total of 136 purpose-built rental units are on the way for a new community taking shape within Edmonton city limits. Abbey Lane Homes' The Carerra is currently under construction south of the University of Alberta South Campus. 

Window heat pump pilot targets cooling in older apartments

When Vancouver‑based FRESCo began evaluating window‑mounted heat pumps as a retrofit solution for apartment buildings, the work quickly evolved into a pilot aimed at helping building owners understand emerging cooling technologies for older residential properties.

B.C. municipalities await future of housing law post-election

Local councils returning to work in the wake of the municipal election are waiting to see what a new B.C. government does with provincial housing legislation that forced them to redo their bylaws and official community plans.

B.C. real estate licensees fined $126,000 over sale conflict

Three B.C. real estate licensees have been ordered to pay more than $126,000 in combined penalties and enforcement expenses after two agents dissolved their real estate team and went on to represent opposite sides of a property sale.

Inside ex-Blue Jays pitcher Kevin Gausman's $6.8M home

Located at 370 Glencairn Ave. in Toronto, the six-bedroom, seven-bathroom home boasts nearly 5,000 square feet of living space, a private home theatre, a gym and a backyard with a hot tub and outdoor kitchen.

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