Recent Articles
SEKISUI to open first Canadian modular housing factory in Burlington
SEKISUI to open modular housing factory in Burlington
SEKISUI Canada Modular Solutions Inc. (SEKISUI CMS) is readying its modular housing facility in Burlington, Ont., where it aims to help alleviate Canada’s housing shortage section by section. The factory is expected to be fully operational in September.
Single-family home sales in GTA soar 246% in July: BILD
Single-family home sales hit 50 per cent above the 10-year average in July thanks to the recent HST rebate, according to a BILD report, though condos continue to struggle with eligibility rules tied to the program.
Two new neighbourhoods bringing 1,500 homes to Calgary
The new communities, called Hollins and Halstead, are from RYCO Properties in partnership with Truman. The 133-acre development broke ground earlier this month. The communities will offer single-family homes, duplexes, townhomes and multifamily housing.
National Bank mortgage portfolio grows 14% in Q3
The lender’s net income for the three months ending July 31 was $1.3 billion, up 23 per cent from $1.06 billion during the same quarter last year. In personal banking, mortgages grew 14 per cent year over year.
When trade war fallout hits the housing market
The brewing tension between Canada and the U.S. has escalated into a full‑blown trade war, disrupting cross‑border supply chains, driving up the cost of construction materials, and threatening to throw the timelines of major housing projects into disarray.
Large Toronto developer buys 59 homes in Sault Ste. Marie
Avanew, a wholly-owned subsidiary of Core Development Group Ltd., a Toronto-based real estate company with a $1-billion plan to purchase existing single detached homes and build new ones across Canada, has entered Sault Ste. Marie’s single-family rental sector.
Clarington approves 5 new projects with up to 2,000 homes
The Municipality of Clarington has approved a raft of new developments in Newcastle and Bowmanville that will create 1,959 new residential units, including 1,658 homes in Newcastle and another 301 in Bowmanville.
Regina offers incentives to boost infill housing
The Housing Incentives Program, first launched in 2009, awards grants and tax exemptions to support developments that increase density within the city through apartment buildings, townhouses and backyard/basement suites, the city said in a news release.
Halifax's North West Arm sails through choppy market
While bigger Canadian markets are facing choppy waters, coastal Halifax, in Nova Scotia, has seen smooth sailing in its luxury segment, with ever-growing demand for homes in its coveted waterfront neighborhoods.
TMG launches new platform for mortgage brokerages
TMG The Mortgage Group has launched a new operating platform designed to give independent mortgage brokerages access to enterprise-level services and support. TMG Enterprise Partners will provide participating brokerages with shared infrastructure and services in areas in various areas.
Ontario puts a price on broker transgressions
Regulatory overseers in Ontario will soon wield a new slate of fines for real estate brokerages, brokers and sales representatives who run afoul of the rules, as the Ontario government is refining and finalizing administrative penalties.
Bidding war pushes Forest Hill home to $23.5M
A bidding war for a Forest Hill home has pushed its sale price to $23.5 million, a new record for the Toronto neighbourhood, and the highest residential sale through the MLS in Toronto in close to five years.
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