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GTA homebuilding sector faces a mixed year in 2027

1 day ago

GTA homebuilding sector faces a mixed year in 2027

The homebuilding sector in the Greater Toronto Area (GTA) may be in for another challenging year in 2027, though a number of fluid contributing factors could bring positive change for the market in the second half, according to industry experts.

Majority of Vancouver homes selling below assessed value

Three-quarters of homes sold across Metro Vancouver and the Fraser Valley this year have been sold for below their assessed value, according to Zealty.ca, a B.C. real estate data platform.

Calgary council approves three new communities

Calgary City Council approved development plans for three new communities near the outskirts of the city last week, which are expected to add close to 4,000 homes to the area's supply.  

N.S. forces Halifax to speed up housing development

According to the Nova Scotia government, Halifax needs to speed up housing development. Required changes include allowing housing in all city zones, with few exceptions, and making mass timber construction easier to build.

Ontario lags in protecting homebuyers from rogue builders

OPINION: Ontario was warned about illegal homebuilding nearly a decade ago, but consumers remain vulnerable to bad actors in the construction industry. Ontario homebuyers deserve protection before a shovel goes into the ground or a sale agreement is signed.

What FINTRAC’s new penalties mean for your brokerage

Minor FINTRAC offences that once carried penalties of up to $1,000 per violation can now cost up to $40,000. Serious violations have jumped from $100,000 to as much as $4 million per violation.

Edmonton warns provincial rules could allow 100-unit infills

Edmontonians celebrating the demise of eight-unit infills may have inadvertently opened the door to much larger developments in their neighbourhoods, according to council’s investigation on how to respond to the recent provincial edict.

Why variable mortgage rates could outpace BoC hikes

The cost of variable-rate mortgages rose in line with the Bank of Canada’s rate hike this week, but variable-rate increases could outpace central bank hikes in the future for new loans and renewals.

For some, homeownership is just a dream

Recent polling and research have consistently shown that a growing number of young people no longer believe they will ever own a home. They don’t believe the housing crisis is being resolved.

AI is changing real estate. RECO says the rules still apply

The Real Estate Council of Ontario (RECO) published new guidance outlining how real estate agents and brokerages should use AI while meeting their regulatory obligations. The guidance, released in October, comes as AI becomes more common in real estate.

PakVille unveils a home built from 200,000 recycled bottles

Cleantech company PakVille, based out of Dorval, Que., has built a 1,078-square-foot, two-bedroom home in Saint-Rémi-d’Amherst using structural panels made with the equivalent of approximately 200,000 recycled plastic bottles.

Are at-home saunas worth the sweat?

Global sauna sales are heating up, with home installations projected to grow at a rate of 8.6 per cent a year through 2031. But are at-home hot boxes worth the sweat? Design, construction and cultural experts weigh in.

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