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Storms, wildfires pushing up Canadian home insurance costs: IBC

3 days ago

Storms, wildfires pushing up home insurance costs: IBC

Extreme weather in Canada is causing billions of dollars of damage and higher home insurance premiums, but Canadians can empower themselves to get the best coverage and to be prepared when disaster strikes, says the Insurance Bureau of Canada (IBC).

Hamilton pursues settlement with developers

Hamilton aims to settle a dispute with aspiring urban-expansion developers, the Upper West Side Landowners Group, who have long planned to build homes off Twenty Road West as other battles for rural lands loom.

Construction underway on long-empty Edmonton site

There’s finally something going up on the site of Edmonton's former Wild Earth Foods grocery store, six years after the building came down. Taking its place is Pangman Development Corporation's Junction 99, a 165-unit, six-storey residential complex.

Love it or hate it: The rise of AI staging in RE listings

The role of AI is increasing in various ways, and that includes real estate with the rise of AI-generated or virtual staging. This could mean furniture that doesn’t exist, potential layouts and even people.

The surprising Ontario city where housing deals are rare

A report by PropertyMesh, based on MLS resale records of Ontario houses sold between April and July, found Thunder Bay, Ont. to be city with the lowest number of properties sold below their asking price at just 21 per cent.

Construction resumes on 220-unit Beaverton subdivision

After long periods of delay and inactivity, construction is recommencing on a Beaverton, Ont., subdivision. The project contains 141 single-detached dwellings, 65 townhouses, 7-14 live-work townhouses, a park block, a stormwater management pond and open space/wetland blocks.

Development sparks concerns about sediment control

Ongoing sediment control issues have the Town of Erin, abound 25 kilometres northwest of Brampton, Ont., considering legal action against developer Briarwood over its planned subdivision. The project proposes more than 300 residential units, a school and a park.

Half of Montrealers eye move based on affordability

Half of Montrealers are considering moving to a more affordable city across Quebec, according to a Royal LePage report. Two cities in the province are among the 15 most affordable Canadian cities, namely Trois-Rivières and Sherbrooke.

Westlock sees fastest housing growth in a decade

Westlock, Alta., is experiencing its fastest rate of new home construction in over 10 years, fuelled by the municipal Housing Action Plan. The town approved permits for 33 new housing units during the first two years of the program.

1890s home that looks like a museum for sale for $8M

Built in 1890, the grand Victorian has been painstakingly preserved and restored by owners Ray Goodman and his wife, who have lived in the Toronto house for more than 27 years.

BoC troubled by high gas prices, warns of hike risk

The Bank of Canada’s governing council warned that it may need to hike interest rates, saying the longer gasoline prices remain elevated, the more likely that would pass through to other goods and services.

This city's housing plan a rare success story

While cities worldwide struggle with housing affordability (with little to no success), Auckland, N.Z., has implemented a supply-centric approach that increased housing availability, raised density and lowered prices. Can Canada learn from Auckland’s experience?

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