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Land Ark building net-zero-ready homes in Westport
Land Ark building net-zero ready homes in Westport
The national building code is obsolete and more developers should strive to develop net-zero ready homes, the founder of Land Ark Homes believes.
Canada to allow 30-year terms for mortgages on new homes
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. The Canadian Home Builders' Association has advocated for longer amortization periods, saying five more years would spur more construction.
Prioritize construction skills in immigrants: RBC report
Prioritizing construction skills in immigrants, innovative designs and building techniques top a list of recommendations from economists at Royal Bank of Canada on how best to tackle Canada’s housing crisis. RBC calls for 500,000 additional construction workers by 2030.
City committee approves new Ottawa subdivisions
The City of Ottawa’s Planning and Housing Committee has approved zoning amendments to facilitate the development of new homes in Stittsville and Kanata North. A subdivision with 570 dwellings would be allowed northeast of Hazeldean and Carp roads.
City of London mulls loosened height limits
City of London staff are reviewing the height limits in its official plan, the city’s blueprint for growth, in areas such as downtown, in transit corridors, villages, and major thoroughfares in a two-pronged effort to build more homes, faster.
Caivan Group, U of Waterloo aim to disrupt city building
Ottawa-based developer and homebuilder Caivan Group has donated $10 million to launch the new Future Cities Institute (FCI) in partnership with the University of Waterloo, aiming to harness AI to transform the way cities are modelled and developed.
BoC leaves spring housing market in 'holding pattern'
Those hoping that interest rate cuts would boost Canada’s spring real estate market will have to wait a little bit longer after the Bank of Canada once again held rates at five per cent on Wednesday.
Fixed-rate mortgages still beat out variable with rate hold
Following the decision on Wednesday to hold the overnight rate, fixed-rate mortgages are still beating out variable-rate mortgages for most prospective buyers. Fixed-rate mortgages rose following a spike in bond yields in response to an unexpected rise in U.S. inflation.
Prominent Edmonton homebuilder killed at construction site
A prominent homebuilder and pillar of Edmonton’s Southeast Asian community, Buta Singh, is the city’s 10th homicide of 2024 after a gunman showed up at a residential construction site Monday and, first, attempted to kill another worker.
CRA’s focus on real-estate audits paying off
Ontario and B.C. real estate are proving lucrative for the Canada Revenue Agency. The agency identified $426 million in additional tax and penalties related to transactions in the two provinces’ real estate sectors during the 2022–2023 fiscal year.
Ontario housing bill would bring in ‘use it or lose it’ rules
Ontario unveiled a new housing bill that, in addition to other changes, would eliminate requirements for parking spaces in developments near major public transit stations and bring in promised “use-it-or-lose-it” rules targetting developers sitting on approvals rather than starting construction.
OREA CEO Tim Hudak statement on Ontario housing bill
A statement from Tim Hudak, CEO of OREA said the organization is pleased with progress on several important solutions from our recent housing supply report and our advocacy on modular construction, aimed at streamlining approvals and getting more homes built.
76% who don't own property say homeownership out of reach
A CIBC poll found entry to the housing market feels out of reach for the majority (76 per cent) of Canadians who don't own property, yet half of all non-owners (56 per cent) are hopeful of eventually owning a home.
Royal LePage expands footprint in Metro Vancouver
The importance of technology to residential property sales is again in the spotlight with Royal LePage’s latest brokerage acquisition in Metro Vancouver. Royal LePage Elite West shed the Keller Williams banner, becoming the largest-ever Keller Williams conversion.
Employers grow worried as home prices, rents rise
Alberta is experiencing a population boom and a housing crisis, and the repercussions continue to spread across Wild Rose Country. For Alberta businesses, it’s also a growing worry, as it could become increasingly difficult to attract or retain workers.
B.C. strata must pay condo owner thousands in reno fines
In August 2022, Francis emailed the strata manager because he wanted to update the kitchen cabinets, sink, lighting, appliances, bathroom carpentry, bathtub tiling, and toilet. He also wanted to add drywall on the ceiling and replace the floors.
Heat and architecture lure Canadians to Palm Springs
A short three-hour flight from Vancouver, it’s possible to leave the plane and glide into vacation mode within minutes – poolside, palm trees, cactuses, citrus and olive trees, desert mountains as a backdrop, surrounded by popular luxury design of the 1950s.
Spain joins other EU nations in plan to end golden visas
Spain plans to end its golden visa program for foreign property buyers in a bid to increase the amount of housing available to locals, a move that will help ensure that “housing is a right ... " said Prime Minister Pedro Sanchez.
Buy a home in Japan for a fraction of the cost in Canada
Japan has over eight million abandoned houses due to depopulation and a deregulated market. Many homes are sold for low prices or given away at no cost. Instagram page Cheap Houses Japan describes how to access Japan’s housing market.
Hong Kong an outlier in making life easier for foreign homebuyers
Hong Kong’s move to scrap long-standing cooling measures in February was a breath of fresh air when other markets are turning inward. Property markets are sensitive to movements in interest rates, they are also influenced by domestic politics and geopolitics.
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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