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Mosaic takes plunge with Woodward development in Surrey
Mosaic takes plunge with Woodward development in Surrey
Twenty-six months of unfavourable market conditions has stunted residential and multiresidential project launches across Canada, but Mosaic Homes has bucked that trend with Woodward, a Surrey-based townhouse development.
Ottawa calls development fees a housing tax
Amid a housing crisis that has especially impacted younger people, politicians, economists and housing advocates are beginning to question whether the decades-old "new growth should pay for new growth" approach is fair.
Big Six banks prepare for mortgage ‘payment shocks’
Canada’s largest banks have set aside more money to cover bad loans as Canadians grapple with rising unemployment and elevated interest rates. The Big Six banks, which reported quarterly results last week, said rising insolvencies are hurting their bottom line.
Waterloo developers collaborate to build more homes
Over a dozen developers across Ontario's Waterloo region have collaborated to advocate for policies and initiatives to facilitate new home construction. The new Build Urban group represents a collective voice championing efficient land use, responsible growth and streamlined approval processes.
2024 BILD Awards celebrate home building excellence
The Building Industry and Land Development Association (BILD) recognized excellence in the design, construction, marketing and sales of new homes in the Greater Toronto Area at its 2024 BILD Awards, held on May 30.
BILD Edmonton Metro a new voice for development industry
BILD Edmonton Metro was recently created by the merger of the Canadian Home Builders’ Association-Edmonton Region and the Urban Development Institute Edmonton Metro. It will serve as a unified voice and expert resource for the Edmonton real estate development industry.
Student housing for all at Capilano University campus
Upon opening in time for the new school year in September 2024, Capilano University’s new Squamish campus will provide all students with on-campus housing. The university acquired the former campus of Quest University in a deal worth $63 million.
Aecon-Golden Mile JV to create economic opportunities
A community-owned construction joint venture (JV) has formed between Aecon and the Centre for Inclusive Economic Opportunity to expand economic opportunities for residents of Toronto's Greater Golden Mile a development expected to have 30,000 residential, retail and office spaces.
Condo occupancy contracts under dispute over late permits
First Avenue Properties is facing investigations from new home regulators after it moved some residents into a new condominium before it obtained occupancy permits from City of Toronto building inspectors. There is ambiguity over when residents can legally move in.
Toronto condo build quietly goes into receivership
The trend of major complexes in the GTA going into receivership continues with another residential project - for 69 condo units on High Park Avenue - that developers have not been able to repay their debts on before they've finished building.
Developer sued for alleged shoddy work
A Winnipeg couple are suing a residential developer and the City of Winnipeg, alleging their luxury home was shoddily built, leading to leaking windows and mould growth. A lawsuit claims the home was not built to code.
7 key pieces of Ontario's new Homeowner Protection Act
Last week, the Ontario government announced the Homeowner Protection Act 2024, which contains new measures to enhance consumer protections for homeowners and buyers, aiming to prevent harmful business practices and support informed decision-making.
Real estate industry faces talent war amidst market shifts
Spring has sprung, and with it, a mixed bag of market sentiments. While some sectors are experiencing a softening, others are thriving. Amidst this, the real estate industry finds itself grappling with a unique challenge — the relentless war for talent.
West Vancouver council rejects provincial housing rules
The District of West Vancouver council rejected a rezoning that would allow additional small-scale housing. The vote comes after the province set a deadline of June 30 to bring local bylaws in line with new rules allowing greater density.
B.C. Mayors push back against housing construction targets
VIDEO: The B.C. government has set housing targets that require some municipalities to change zoning rules so multi-unit housing buildings can be constructed. But New Westminster Mayor Patrick Johnstone and Richmond Mayor Malcolm Brodie say a "one-size-fits-all" solution doesn't work.
Prospective homeowners seek to buy despite rising prices
Canadians’ homeownership dreams remain steadfast despite rising prices and a shortage of housing supplies, with 74 per cent of prospective homebuyers still feeling hopeful about purchasing within the next five years, according to a new survey by Toronto-Dominion Bank.
B.C. homeowner near SkyTrain has 70% property tax jump
A man who lives near Lougheed Mall says his property tax has gone from $5,800 to $9,394 in one year due to his proximity to the SkyTrain. Steve McCulloch has lived in his current home for eight years.
Owner of two Van. condos gets three empty home tax audits
Simon Wilson was flabbergasted to receive a third letter from the City of Vancouver saying he was under audit for the empty homes tax. He owns two small condos, one that he lives in and one that he rents.
Insurance claims, financial losses take toll on N.S. wildfire victim
Residents in Halifax and Shelburne counties have been dealing with upheaval and stress of rebuilding. "It's been a lot of stress and a lot of figuring things out as we go," Peter Walsh said, referring to the insurance claim process.
Mortgages stuck around 7% force rethink of American dream
A first-time buyer who hoped to refinance a seven per cent mortgage is pulling back spending everywhere else to keep up. As interest rates in the U.S. remain higher for longer, the American dream of affordable homeownership remains unattainable.
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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