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Greenbilt's Flex Plex home is designed for a housing crisis
Greenbilt's Flex Plex home is designed for a housing crisis
The construction economics for eco-friendly rentals in the GTA are getting a boost courtesy of a veteran builder who believes his firm, Greenbilt Homes, has found the “sweet spot” with his own Mimico-based Flex Plex housing prototype.
Will mass timber buildings help alleviate the housing crisis?
There’s been an increase in large-scale building projects using mass timber, known as engineered wood. Experts say the material offers several benefits compared to steel and concrete - including sustainability and speed - a solution to fast-tracking Toronto’s new housing supply
What will residents in Calgary's converted office towers do?
It is a staggeringly ambitious plan. Given the situation, it had to be. When the economy started slumping in 2015, office vacancies in downtown Calgary began to climb. By 2020 about 14 million square feet of office space sat empty.
Surplus land at CFB Greenwood could be for housing
The Department of National Defence's plan to expand Canadian Forces Base Greenwood in Nova Scotia has local officials concerned about an already limited housing supply. DND plans to station eight drones at the base by 2028 and 55 new personnel.
Markham developer fined $180,000 for illegally selling homes
An Ontario court has ordered a Markham-based developer to pay $180,000 in fines and restitution for illegally selling unbuilt homes. Ideal (BC) Developments has been fined more than $34,000 and ordered to pay $150,000 in restitution.
Real-estate title fraud one of CBC's 2023 most-read stories
The practice of real-estate title fraud was first reported in January, when Toronto police notified the public about a complex mortgage fraud investigation where the homeowners left Canada for work and learned months later that their property had been sold.
Newsmaker 2023: The cascade of gov't housing initiatives
Housing policy this past year has taken on a more systemic approach in addition to focusing more heavily on challenges such as low supply, slow approval processes and an insufficient provincial framework to build density, according to industry experts.
Did the Fed. gov't ‘miss the mark’ on housing in 2023?
The term "housing crisis" dominated headlines across Canada throughout 2023, with governments scrambling to find a quick fix to a massive problem, with stakeholders saying the Federal Government's March budget and strategy “missed the mark” when it came to housing.
Only 26 per cent of Canadians can afford a single-family home
More Canadians have been barred from home ownership as affordability hits near-worst levels for most markets amid soaring prices and interest rates. Loss of affordability during the pandemic has shrunk the pool of homebuyers in Canada, according to RBC.
Interest rates are expected to come down in April or June
Financial markets are already pricing in at least one cut by April or June, and predict that by the end of 2024, interest rates will be over a full percentage point lower than they are now.
HSBC sale to RBC 'sad day for mortgage consumers'
The rubber-stamped sale of HSBC's Canadian operations to Royal Bank will lessen competition on mortgage rates, says mortgage strategist Robert McLister who touted the bank's key role in lowering borrowing costs through its presence in Canada.
B.C. fines lenders for mortgage documentation failures
B.C.’s consumer protection agency recently fined Royal Bank of Canada $2.2 million for failing to adequately discharge mortgages following a similar penalty charged to TD Canada Trust, CIBC, Scotiabank, BMO, HSBC, First National Financial and other lenders.
Climate change already included in home insurance cost
If you are one of many people reeling at how quickly your insurance bills are rising, blame climate change (not inflation). Climate change is making storms, floods and wildfires more frequent and severe with associated property damage and financial costs.
Housing density only one factor in home supply challenge
B.C.'s Bill 44, which allows for multi-unit construction on previously single-family lots, and Bill 47, which sets minimum standards for increased zoning around transit hubs, have been heralded by many as revolutionary changes to address B.C.’s housing crisis.
Blaming Airbnb for housing crisis is not sound policy
OPINION: Entire home listings on Airbnb make up less than one per cent of overall housing supply in Canada. If every short-term rental were available for long-term rental, they would barely impact the target of 3.5 million new housing units.
New Airbnb rules may reverse real estate prices in resort towns
A recent national study has shown prices for homes on ski hills dropped in most markets in 2023. However, that’s not the case at Big White Ski Resort where despite declining sales benchmark prices have risen.
How cottagers can protect against utility-related fraud
The Ontario Energy Board has reported a 77 per cent increase in reported energy scams from 2020 to 2022 that include messages from people claiming they are employed by hydro companies and demanding payment for “late” or “missed” bills.
Most Ontarians unprepared for next big power outage
A new Hydro One report found that almost half of Ontarians are unprepared for a power outage with some respondents stating storm preparedness isn't important and nearly 90 per cent of residents with no plan for a power outage.
Province tracking new northern Ontario villages
New communities were marketed in recent years under the name "medieval villages," promising a low- cost building lot on a piece of bush land in an unincorporated township, outside of a city or town, and outside of municipal planning rules.
U.S. home prices rose again in October, surveys show
U.S. home prices rose again in October, pointing toward continued recovery of the housing market. A Federal Housing Finance Agency (FHFA) report showed home prices grew 6.3% on a yearly basis, up from a revised 6.2% the month prior.
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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Canada Real Estate Auction
Oct 22 2024
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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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Housing Central Conference
Nov 18 2025
to Nov 20 2025
Sheraton Vancouver Wall Centre Hotel, BC
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