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Empire installs ERTH360 clean air tech in K-W's Riverland
Empire installs ERTH360 clean air tech in K-W's Riverland
Building an edifice and building a home are mutually exclusive. Such is Empire Communities’ new, if experimental, ethos that’s redefining homebuilding beyond superficial structures to include everything therein.
First-time home buyers are shunning shrinking condos
Ron Butler, a Toronto-based mortgage broker, says there’s a “high level of frustration and anger” toward the city’s condo market among the first-time buyers he works with. The reason, he says, comes down to the square footage of available stock.
Toronto wants more family-sized condos
Of 8,823 condo apartments currently listed on MLS, fewer than 10 per cent have at least three bedrooms. Most newer three-bedroom condos are “dorms not homes,” David Fleming, founder of Bosley-Toronto Realty Group, says.
Annual pace of housing starts in Canada up 16% in July
The annual pace of housing starts in July climbed 16 per cent compared with June as starts of multi-unit projects shot higher for the month, according to the Canada Mortgage and Housing Corp.
Online lender Nesto eyes larger slice of mortgage market
A slew of homeowners will soon be renewing their cheap pandemic-era mortgages at much higher interest rates and online lender Nesto Inc. believes this will be the company’s opportunity to build its portfolio of residential loans.
Should Canada ditch the mortgage stress test?
Despite recent interest rate cuts, Canada's real estate market remained slow this summer. This prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can qualify for a mortgage.
Canadians are still making their mortgage payments
Despite a rise in interest rates, Canadians remain in good standing with their mortgage payments. As of May, roughly 9,500 residential mortgages were in arrears, 0.19 per cent of more than five million total mortgages, the Canadian Bankers Association says.
Canada housing market fairly stable in July: CREA
Canada home sales were down 0.7 per cent from June when seasonally adjusted, though up 4.8 per cent from a year earlier, the Canadian Real Estate Association said. New listings were up 0.9 per cent on a month-over-month basis.
Windsor real estate market 'frozen' in summer lull
Windsor sales figures remained flat over the past three months despite new listings jumping 20.6 per cent in July compared to 2023, according to the Windsor-Essex County Association of Realtors. There were 1,891 active listings at the end of July.
Reputation for affordability helps drive Thunder Bay demand
Lower interest rates and limited supply are driving up housing prices in Thunder Bay, Ont. again, according to the Thunder Bay Real Estate Board. The city's reputation as an affordable place to live is contributing to the demand.
The housing market shows its supply side
OPINION: New supply can make a difference in a housing market where the cost to rent and buy has shot into the stratosphere. But more supply is still needed. Opposition from existing homeowners remains a primary obstacle to overcome.
The housing market isn’t weak when prices stall
COLUMN: Too often industry and media portray the housing market as “strong” when prices rise, and “weak” when they stall. Such descriptions only make sense if we view housing primarily as an investment, rather than a place to call home.
The rise of co-ownership among young Canadians
Shared homeownership offers benefits that make it an attractive option. By dividing the costs of a down payment, mortgage and maintenance fees, this approach makes it possible for individuals to enter the housing market sooner and with less financial impact.
Jasper residents return to wildfire-ravaged townsite
People forced from their homes by a monster wildfire have begun returning to Jasper, Alta., to sift through the ashes of their devastated community. Entire neighbourhoods on the southern side of town were destroyed.
How do I get my reno approved with minimum hassle?
Summer in the Greater Toronto Area is the perfect season for more than just backyard barbecues and gardening; it is prime time for planning home renovations. But the journey from idea to reality typically involves getting approvals and permits.
Anatomy of a $100M serial mortgage scam
For nearly 25 years, Toronto businessman and fraudster Arash Missaghi carried out countless mortgage scams netting him upwards of $100 million. That ended earlier this summer, when one of his victims killed Missaghi before turning the gun on himself.
B.C. lawyer decries ruling that let landlord hike rent 27%
Lawyer Rob Patterson says the phones at B.C.’s Tenant Resource and Advisory Centre never stop ringing — but he worries a decision allowing a building owner to impose a 27 per cent rent increase will fuel even more demand.
Ontario’s AC legislation for tenants still hasn't become law
It has been two sweltering summers since the Ontario Progressive Conservatives passed a bill that is supposed to allow tenants to install air conditioning (AC) in their living spaces, but that right has not yet been enacted into law.
Hurricane Beryl, excess inventory pressure U.S. single-family homebuilding
U.S. single-family homebuilding dropped to a 16-month low in July, likely weighed down by Hurricane Beryl and an oversupply of new houses as higher mortgage rates and prices depress sales.
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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