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Canadians top foreign buyers of U.S. housing during past year: NAR
Cdns. top foreign buyers of U.S. housing in past year: NAR
Canadians were the top foreign buyers of U.S. housing from April 2023 to March 2024, acquiring 7,100 housing units for approximately $5.9 billion US, according to a report from the National Association of Realtors.
London builder bets on 'flex haus' to ease housing crisis
A new type of starter home is beginning to pop up in London – one that comes with the promise of helping priced-out first-time homebuyers finally break into the housing market. These homes come with an up-to-code additional secondary unit.
How modular homes can help solve housing crisis
VIDEO: Ali Salman, director of strategic growth at Alberta-based Northgate Modular, joins BNN Bloomberg to discuss the challenges in speeding up Canada’s slow pace of home-building.
Winnipeg breaks ground on 1,800-acre CentrePort South
The shovel plot was a small mound of dirt. It stood, however, for the beginning of an 1,800-acre development in northwest Winnipeg called CentrePort South. The vision includes 500 acres of residential and 1,100 acres of industrial space.
RE insolvencies to surpass levels of global financial crisis
Residential property developers are facing rising insolvencies as they struggle with higher borrowing and construction costs. Industry experts warn the trend is likely to worsen and is now on track to surpass levels of the global financial crisis.
Toronto condo listings jump over 80% in one year
In June, Toronto Regional Real Estate Board (TRREB) reported more than an 80% year-over-year increase in active condo listings. The trend continued in July with a nearly 64% increase in active condo listings compared to the same month last year.
Condo ‘Catch-22’ ensnares Toronto real estate investors
About 77% of investors who closed on a new Toronto condo with a mortgage last year are losing money, up from 52% in 2022, according to a report from CIBC and industry consultant Urbanation.
The dark side of investor-driven housing
Real estate investment is a way of life in Vancouver, with investors – people who don’t reside in the homes they own – representing close to half of the condo market. In recent years, Toronto has pretty much caught up.
‘We have nothing to hide,’ Doug Ford says of Greenbelt
RCMP detectives investigating the $8.28B Greenbelt land swap scandal are interviewing witnesses linked to Premier Doug Ford’s government. The Progressive Conservative aides are to discuss Ford’s controversial 2022 decision to open up 7,400 acres of Greenbelt to housing development.
White Rock condo owners sue over faulty sprinklers, leaks
Owners of condos in two towers built less than four years ago in White Rock allege defects in the sprinkler systems and mould from water damage, according to a lawsuit against the insurers and builders filed in B.C. Supreme Court.
Toronto’s massive stormwater infra years from completion
Weekly rainfalls since last month’s disastrous downpour, which flooded homes and spilled human waste across the city, haven’t allowed Toronto’s pipes and waterways a chance to breathe, with parts of the Don Valley Parkway flooding again this last week.
Alberta urged to adjust building codes after hail storms
Julian Brimelow of the Northern Hail Project says an estimated 36,000 homes were damaged in last week's hail storm with insured damage costs estimated to be $1.2 billion - including damage to the airport and planes.
Canadian home prices to fall more this year
Home prices in Canada aren’t done falling this year as a lack of affordability and looming mortgage renewals weigh on markets across the country, according to an analysis from economists at Oxford Economics.
Reports of a 'mortgage renewal cliff' greatly exaggerated
Few real estate stories have had more hype in the last year than the dreaded mortgage renewal shock, a.k.a. “mortgage renewal cliff,” “mortgage renewal wall,” or whatever other ominous-sounding metaphor commentators came up with.
International students not cause of housing crisis: Waterloo
A University of Waterloo study, led by a team of researchers at the university's faculty of environment, has debunked myths on how international students impact rising rental costs and a lack of available homes across the country.
How two people in their 20s bought a house in Saskatoon
For people in their 20s and 30s diving into the residential real estate pool, the waters are getting choppier. Without the bank of mom and dad, an inheritance, or a good credit score, owning a home is a challenge.
To solve housing affordability, Canada must fix productivity problem
Canadian policymakers have been sleepwalking past a growing housing affordability crisis. Now, with homes impossibly out of reach to so many the biggest fix of all has yet to be raised: giving households the buying power by boosting Canadian productivity.
Cabin pressure: Once idyllic, Canada's cottage culture changing
OPINION - The old cottage country is dead: It is not an idyllic escape from the social, environmental and real-estate stresses of cities, but a mirror image of them. Can rural Canada find peace with itself?
Whistler chips in $3.2M toward employee housing project
Whistler's mayor and council has approved stumping up $3.2 million toward the construction of employee housing at 1475 Mount Fee Rd., hot on the heels of the province pouring $12.7 million into the same project.
Iconic Okanagan Hobbit House listed for $2.5 million
In the scenic Okanagan region of British Columbia’s interior, a Hobbit-themed house continues to draw the attention of locals and visitors alike. One of Airbnb’s most popular short-term rental listings in the world is listed for $2.5 million.
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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