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Major Homes focuses on sustainability, wins Maverick Award
Major Homes focuses on sustainability, wins Maverick Award
Winning the inaugural Built Green Canada Transformational Maverick award acknowledges a fundamental shift in focus by Major Homes, says the chief operating officer of the family-operated Vancouver custom homebuilder.
Double-digit gains in luxury home-buying in cities: RE/MAX
With the end of quantitative tightening in sight, luxury home-buying activity in most markets across the country is slowly shifting into high gear as buyers reap the benefits of softer housing values, a RE/MAX Canada report states.
5,000 housing units proposed for Halifax's Exhibition Park
A developer wants to build about 5,000 housing units in Halifax’s Exhibition Park. In 2015, the province sold the 44-hectare Exhibition Park lands to Banc Group Inc. Fathom Studio, on behalf of Banc, recently applied for this major development.
Solar community, Drake Landing, has a failing system
Drake Landing, a community of 52 homeowners in Okotoks, Alta., that was once a trailblazing solar heating community, may have to rely on fossil fuels as the aging system is breaking down and too costly and difficult to fix.
Analysis reveals GTA’s highest and lowest condo fees
Digital real estate platform Wahi has found the 10 condo buildings in the Greater Toronto Area with the most- and least-expensive median monthly condo fees, including insights into how fees range around the region.
One Burnaby strata sues another for $750K
The strata at Discovery Park on Carrigan Court claims The Harrington next door has 'refused to accept' a court order upholding a nearly 40-year-old agreement compelling it to share the costs of a pool, tennis court and other amenities.
Manitoba scrapping its 50% property tax break in 2025
Manitoba's government is ending its existing package of tax rebates in favour of a single $1,500 property tax credit for every home, removing the 50 per cent provincial property tax rebate and $350 education tax credit in 2025.
Interprovincial migration fuels tight Calgary housing market
The Calgary Real Estate Board says March home sales were up 9.9 per cent from 2023 as interprovincial migration to Alberta contributed to tight market conditions. The board says 2,664 units changed hands in February, up 10.9 per cent YOY.
Canada may achieve the elusive 'soft landing': Deloitte
Economists have been talking about the elusive “soft landing” for some time, and a Deloitte report suggests it might actually happen though worrisome trends still weigh on the economy, including sticky inflation, rising business insolvencies and increasing mortgage delinquencies.
Bond yield turbulence won’t ease mortgage market
Those keen to lock-in a mortgage interest rate can thank the bond market for the continuing volatility. Lenders use bond yields as the basis for fixed-rate mortgage pricing, so any movement among bonds directly affects fixed-rate mortgage shoppers.
Foreign money's role in meeting our housing goals
Vancouver real estate experts argue that foreign money can play a role in the creation of affordable rental housing. They say government policies aimed at curbing foreign investment are serving to stem the funding necessary to get new housing built.
Higher interest rates hamper Ont. pace of home building
The pace of new home construction is picking up in Ontario, though it is still far off the levels needed for the government to achieve its pledge to build 1.5 million homes by 2031, as high interest rates slow construction.
The Agency launches office in Edmonton
Real estate brokerage The Agency has launched a new office in Edmonton. The new locale, which will be known as The Agency Edmonton, joins the brokerage's network of offices in the U.S., Canada, Mexico, Central America, the Caribbean, and Europe.
The pros and cons of an open house for selling a house
The value of public showings isn’t an open-and-shut case for every real estate professional. It was a comfort for the Najmi's, knowing their real estate agents were protecting the family’s $1,288,000 end-unit townhome, greeting and accompanying visitors.
Younger Canadians buying homes sooner than planned
As the cost of real estate soars across Canada — particularly in large markets — younger Canadians appear to be buying their first homes sooner than they planned according to the results of an RBC survey entitled First-Time Homebuyer Trade-Off Survey.
How TikTok is juicing home sales
Hey there, I’m Ella Cerón, an equality reporter here at Bloomberg News. Lately, I’ve been spending a lot of time in a world that is on its face a necessity, but feels more and more like a luxury: Housing.
If leaving your house to your kids, do not use a will kit
When making a last will to dispose of real estate, bank accounts, investments and other assets, it's easy download a fill-in-the-blanks form. However, use of will kits is not only risky but is often the source of expensive litigation.
Toronto heritage house, deteriorated then demolished
When Adam Wynne was evicted from his home of two-and-a-half years in 2017, the owner had plans to build an apartment building on the property. Eventually, however, it was sold to another developer.
Bell targets copper wire thieves causing rural power outages
Bell began installing aerial alarms on its network in 2024 in response to a growing number of copper wire thefts. Since January 2022, Bell has experienced nearly 1,000 security incidents with copper wire thefts doubling in 2023 compared to 2022.
The Realtors settlement already changing U.S. home buying
The seismic settlement announced by the National Association of Realtors in February has not yet been approved, but it is already sending shockwaves through the real estate industry. Some Americans are changing their behavior when buying and selling homes.
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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