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Residential flood risk on the rise in Canada: Intact Centre
Residential flood risk on the rise in Canada: Intact Centre
Ten per cent of Canada’s housing is uninsurable for overland floods, the Intact Centre says in its latest report, sounding the alarm for municipalities and the housing industry to take preventive steps.
Calgary office to residential conversion halted
Strategic Group, the developer overseeing the conversion of the Barron Building in Calgary, has put construction of the building on hold amid higher-than-anticipated costs. It is reassessing the project and one contractor told Postmedia Strategic owes it $327,000.
Redevelopment proposal for Ottawa block sparks debate
The proposed redevelopment of a downtown Ottawa block is sparking debate over the merits of intensification, as tenants are being evicted to make way for the construction of 263 new apartments plus ground-floor retail space.
Van.'s First Shaughnessy to see more density allowances
First Shaughnessy is a sub-area of a Vancouver neighbourhood originally built by the CPR in the early 1900s as an enclave. To this day, it remains a very low density neighbourhood — comprised of big houses (mansions) on large lots.
N.S. residents expect loss of green space with new housing
Residents of Tatamagouche, N.S., are worried about losing a large green space to more housing for health-care workers. The green space near a local school, library and the hospital has been used for 50 years for sports and other events.
Mississauga retirement home residents fight eviction
Approximately 200 residents of Chartwell Heritage Glen Retirement Residence were told by the property owner last month the two-building property was being sold and would cease to operate as a retirement home. They are now facing eviction.
Guelph group seeks vacant land for tiny home pilot project
The Guelph Tiny Home Coalition is looking for a small parcel of land in the city to create a tiny home community before winter. Residents would be required to pay the shelter portion of their social security incomes as rent.
Townhouse owner fights Winnipeg city hall over safety issues
The owner of a row of townhouses in Winnipeg's Fort Rouge neighbourhood is fighting a City of Winnipeg order to vacate the properties after inspectors found numerous safety issues and units divided without permits.
Towns, rural areas opt in to new B.C. short-term rental rules
Seventeen B.C. towns and rural areas have opted in to new provincial rules that significantly curtail short-term vacation rentals, joining 60 municipalities where people hosting properties on platforms such as Airbnb will be limited to only renting their principal residences.
Crackdown pending on illegal short-term rentals in B.C.
On May 1, B.C. is poised to take a stand against short-term rentals after it blamed popular sites like Airbnb and Vrbo for taking up much-needed housing. Vacation rental companies will have to remove listings that thwart provincial rules.
Getting the lowest mortgage rates when rates are high
Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser when RBC took over HSBC Canada.
B.C. moves ahead with property forfeiture lawsuit
So-called “unexplained wealth orders”, also known as forfeiture lawsuits, are making their mark in Canada, as the B.C. government brings two cases before the province’s Supreme Court in an effort to have a property forfeited as a proceed of crime.
Open bidding for Toronto condo results in sale
Rachael Carter’s Etobicoke condo had been sitting on the market for months. She and her husband bought the condo as their primary residence in 2017 but wanted to sell quickly as they had plans to relocate to the U.S. and their mortgage was coming up for renewal.
Calgary house prices comparison to those of N.A. cities
It’s no secret that house prices in Calgary have been exploding lately, but the good news is that they’re much more affordable than in other cities in North America according to a new report by real estate company Zoocasa.
Toronto home prices about to lead country: Royal Lepage
Toronto will steal Vancouver’s title as Canada’s most expensive housing market by the end of 2024, a new forecast by Royal LePage predicts. The real estate company has bumped up its forecast for home prices in markets across the country.
Average Toronto home price could hit $2 million by 2034
Interest rate cuts over coming years could hasten the arrival of a $2 million average home price in Toronto according to Zoocasa. Toronto’s home prices have increased by an average 5.6 per cent annually over the past decade.
RBC economist Robert Hogue on housing prices
To unpack the latest housing trends, The Globe and Mail spoke with Robert Hogue, assistant chief economist at Royal Bank of Canada. Hogue expects prices to rise very modestly at first with the market turning a corner in December.
Every housing measure included in the 2024 federal budget
In an effort to provide solutions for the housing crisis, the Liberals’ 2024 federal budget introduced a spate of new initiatives, from 30-year mortgages to leasing government lands to build housing, all summarized in this story.
Capital gains tax changes impact on inherited properties
The federal government's budget proposal to increase the inclusion rate for the capital gains tax for people whose profits go past a certain threshold - including cottage and investment home sales - has drawn mixed reactions from experts, entrepreneurs and taxpayers.
Halal mortgages in federal budget celebrated by Muslims
Federal budget references to mortgage products aimed at Canadian Muslims have members of the community celebrating, along with the mortgage providers that look to serve them, despite a lack of detail from the government on what is to come.
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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