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23:32 Capital raises new fund, buys manufactured housing sites
23:32 Capital raises fund, buys manufactured housing sites
Bryce Stewart, the owner, president and CEO of Toronto-based 23:32 Capital Inc. believes manufactured housing communities are an asset class “crying out for more competition” and a solution for Canada’s affordable housing woes.
Is prefab the solution to Canada's housing supply woes?
Prefabricated modular construction is drawing new interest as Canada grapples with supply chain issues and a skilled labour shortage that is constraining attempts to build more quickly. Alternative methods of construction could allow projects to be delivered more efficiently.
Construction innovation needed to get homes built faster
The CMHC reports 5.8 million homes need to be built by 2030 to restore a balanced new homes market. The current pace of building puts Canada on track for 2.3 million homes, leaving a gap of 3.5 million.
Wildfire insurance challenges loom over Okanagan real estate
A challenging wildfire season for B.C. is also a challenge for property sales. Most insurance companies hold off binding a new policy, typically essential for financing, when an active wildfire is within 25 kilometres of a property contracted for sale.
Quarry Ridge Park: 140-acre development underway
The first of 13 walk-up style apartment blocks that will be erected in the next four years is under construction at Quarry Ridge Park. The same 140-acre lot will eventually have more than 700 homes.
Q Construction targets Calgary, B.C. housing markets
Greg Landry and Steve King are partners in Q Construction Management, a company they formed in 2017. General manager Landry took computer technology at SAIT, switched to urban land economics at UBC and also earned a project management professional certification.
Fredericton officials call for residential development freeze
A proposed development in Fredericton, N.B. will see the construction of at least 870 new housing units on a former farm lot, but the city government’s advisory committee on planning matters is petitioning for the project to not go ahead.
1-in-5 homebuilders nix projects amid high interest rates
Many Canadian homebuyers waiting patiently for construction to finish on their pre-sale units are being met with cancellation notices from developers. The building environment is souring — leaving some unhappy customers scrounging to get their deposit, or more, in compensation.
B.C. assembles land bank to create residential housing sites
British Columbia is putting together a “land bank” that will include provincial, federal and municipal lands, called BC Builds. It will make use of existing public lands and buy up more land, particularly around transit installations.
Every developer chose to pay fines under Diverse Metropolis
Two years after Montreal's Diverse Metropolis program forced builders to include social spaces and housing units in new projects over 4,843 square feet, or pay a fine, 150 new projects are underway. All the developers opted for the fines.
Feds recruit immigrants as home builders
The Canadian construction industry shed 45,000 jobs in July 2023 according to Statistics Canada’s latest Labour Force Survey, released August 4. This marked a month-over-month decrease of 2.8 per cent and followed a Q2 decline of 0.8 per cent.
B.C. to require new homes have temperature-controlled room
A change to B.C.’s Building Code requiring all new homes to have at least one temperature-controlled room, designed not to exceed 26C, presents an opportunity to build creatively for the future says a sustainable architecture expert.
Ontario's property tax reassessment postponed, under review
The Ontario government is postponing a provincewide property reassessment while it conducts a new review of the system. A coalition of municipal, commercial and real estate groups is pleading for a reassessment to provide financial clarity for businesses.
Canadians second biggest buyers of U.S. homes
While American citizens are currently banned from buying homes in Canada for two years, Canadians have become the second-largest buyers of U.S. residential properties. Vancouver-based Western Wealth Capital, for instance, has completed over $5 billion in multifamily transactions.
Teranet-National Bank home price index up 2.4% in July
Home prices in Canada continued to rise in July, according to the Teranet-National Bank composite index. The index for July was up 2.4 per cent from June, after seasonal adjustments. It was the fourth consecutive monthly increase.
Renting as a new homeowner can jeopardize tax benefits
It doesn’t matter what Canadian real estate market you’re in, the increased cost of a mortgage is scary when you buy your first home. Some new buyers are considering renting their apartments if the costs became too much.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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