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'One of the rarest settings I've ever seen': B.C.'s Britannia Beach
'One of the rarest settings I've ever seen': Britannia Beach
The Britannia Beach townhome development in British Columbia's Sea-to-Sky Corridor, just north of Vancouver, has been an opportunity for Adera Developments to join in a unique and visually stunning project between Howe Sound and the Coast Mountains.
Why the smart money is buying single-family homes
There’s a new chant in town: “home type, home type, home type.” It is about to sway home appreciation more than usual as there is little argument among experts that single-family houses should appreciate faster than multifamily homes.
Buyers shun new homes in Vancouver, hurting builders
Politicians are desperate for developers in Vancouver to build more homes to alleviate pressure in one of the continent’s most expensive real estate markets. There’s just one problem — not enough buyers are showing up.
$5M sixplex can be bought empty, rented on Airbnb
Selling an apartment building isn’t always easy, partly because most buyers by law would need to assume current tenants at current rents. Owners of a Toronto three-storey brick apartment building are offering buyers vacant possession, despite five units being occupied.
Quebec pats itself on back for Airbnb crackdown
Quebec says efforts to crack down on illegal short-term rentals are working, but not everyone agrees. Under the rules, companies like Airbnb must ensure their listings are legal or risk fines of up to $100,000 per illegal post.
Canadian mortgage rates may be stealthily heading higher
Canada’s five-year government bond yield is hitting its peak for the year. Despite this latest hiccup in bond yields and irresponsibly large government stimulus, the highly leveraged Canadian economy isn’t immune to multi-decade highs in policy rates.
Most Canadians to see their mortgage payments soar
The mortgage-rate discussion is dominated by anticipated rate relief, which could come this summer. It seems like just last year, the discussion was dominated by talk of “renewal shock” – when many Canadian would need to renew at a higher rate.
Canada says housing is a human right, not all provinces agree
The Canadian Press asked every province whether it agreed with the federal housing advocate that shelter is a human right, and if it intends to introduce legislation upholding that right. P.E.I. is the only province that has followed through.
How to build a friendly building, not boxes
Developer Hesam Deihimi was thinking about what he wanted for a big development in Port Moody, B.C. – 200 apartments in the city’s old downtown, incorporating a heritage building – he wanted to create a community, not just a bunch of boxes.
CityHousing to study Vrancor pitch further
CityHousing Hamilton is studying the creation of a charity to anchor a potential affordable-housing partnership with prominent local developer Darko Vranich as part of a plan to construct roughly 100 affordable units for the municipal housing provider.
Developer apologizes for housing delays at Little Mountain
Joo Kim Tiah of Holborn Properties, the developer behind the massive Little Mountain project in Vancouver that has seen little activity in 16 years, has apologized for the delays in building almost 300 units of social housing on the site.
B.C. to set housing targets for 20 communities
The British Columbia government has named another 20 cities and towns as priority communities for housing targets over the next five years. The government says in a statement the communities are in high-growth, high-need regions of B.C.
Hamilton aims to avert Toronto’s vacant unit tax ‘chaos’
Hamilton plan to avert the “chaos” of Toronto’s botched rollout of a tax on vacant units where notices were sent to more than 160,000 residents mostly in error, as the city prepares to launch its own vacant unit tax.
Capital gains tax change could spawn cottage sales boom
The new federal capital gains tax increase has led to speculation that there might be a flood of cottages entering the market or a push for earlier closing dates as sellers try to avoid a hefty tax bill.
Barata named new CEO of Habitat for Humanity Canada
Pedro Barata is taking over the role of president and CEO of Habitat for Humanity Canada on June 24. Barata has over two decades of experience with non-profit organizations and has worked in senior roles in established and startup organizations.
Lawsuit alleges B.C. smart home not smart at all
A Kamloops couple has filed a lawsuit after allegedly spending $1.3 million on a Sun Rivers 'smart home'. The purchasers filed a lawsuit this week in provincial court seeking $30,000 from the previous owners of the house.
P.E.I. shatters 1st-quarter record for housing starts
P.E.I. had its best first quarter ever for housing starts this year. The province had 394 housing starts in the first three months of 2024, more than twice as many than any first quarter has shown since 1979.
House flipping fraudster Jim Pellerin gets prison sentence
Convicted real estate swindler James Edward “Jim” Pellerin was sentenced to three years in prison last week and ordered to pay more than a half-million dollars in restitution to the victims he defrauded in a failed house-flipping scheme.
4 dreamy float homes for sale on Vancouver Island
Living on a float home is a serene retreat from the urban chaos. Float homes on Vancouver Island offer beautiful panoramic views that provide a profound sense of freedom. Check out these four float homes currently available for sale.
Reaction to fed. housing minister's Taylor Swift-themed post
Canada’s minister of housing, infrastructure and communities is gaining quite a bit of attention online for his latest “collab” with pop megastar Taylor Swift. On Friday, Sean Fraser posted a graphic mimicking the Spotify tracklist for Swift’s new album.
Industry Events
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Canadian Home Building Association: National Fall Meetings
Oct 21 2024
to Oct 25 2024
Ottawa, Ontario
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