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An “exceptional” time for modular homebuilding: Pacd Homes
An “exceptional” time for modular homebuilding: Pacd Homes
Through its line of modular homes, Pacd Homes believes it has found a way to reduce costs by rapidly building the components for smaller-sized housing in factories. Guelph, Ont.-based Pacd was founded in 2017 by Blue Valley Building Corporation.
Van. developers delay real estate projects amid higher rates
Amid concerns that a Canadian developer may soon find themselves in financial straits, four Metro Vancouver development companies say they are doing just fine. The development industry is navigating a higher-interest-rate environment, but one that is unique compared to 2008-09.
Trial begins over cancelled Van. presale condo contracts
One of the dozens of presale condo buyers whose contract was terminated by a developer in 2019 testified Monday in B.C. Supreme Court. Angela Tsang is one of 37 plaintiffs in the breach of contract trial against Anderson Square Holdings.
Lawsuit by buyer at pricey new Vancouver condo tower
A B.C. man seeking to cancel a high-end condo purchase and recover millions in deposit funds at one of Vancouver’s expensive, soon-to-be-completed towers has filed a lawsuit alleging “lack of transparency and fair dealing” by the developer and its agents.
Sales of newly built GTA condos at 10-year low for October
There were 1,304 condo units, including those in low, medium and highrise buildings, stacked townhouses and lofts, sold across the GTA in October, almost 50 per cent below the 10-year average, according to Altus Group Economic Consulting.
Some Kelowna investors want out of short-term rentals
Kelowna realtors are hearing from condo owners who are considering putting their units up for sale because of new provincial, federal and possible municipal rules cracking down on short-term rentals.
New Ont. law allows open bidding for real estate transactions
New rules for Ontario real estate are coming into force that are meant to provide more clarity and choice for buyers and sellers. The rules, which take effect Friday, include the option for sellers to use an open bidding process.
New tool maps urban environmental problem areas
A website launched Tuesday allows anyone to map out hotspots for environmental inequities across more than 125 Canadian cities. The tool — HealthyPlan.City — arrives at the end of a year in which the health consequences of climate change were clearly exposed.
Perth residents oppose development on historic golf course
Several hundred angry citizens presented a litany of environmental, traffic and infrastructure concerns regarding Caivan Communities plans to rip up nine of the existing 18 holes to develop a 940-unit subdivision on one of Canada's oldest golf courses.
London's fast growth pushing many out of comfort zone
London, one of Canada’s fastest-growing cities, needs to reimagine itself as a bigger, more diverse city with more and different employers, more recreation, entertainment and connection. That will require mixed neighbourhoods, infrastructure, higher density, funding and political will, experts say.
Ontario nixes cities' request for infrastructure funding
At its first annual housing forum, Ontario's housing minister has shot down a request from big city mayors for a change in funding criteria that would help more of them qualify for money to build infrastructure necessary for new homes.
Homebuyers to seek out houses with rental potential
Homebuyers will prioritize primary residences with rental opportunities to mitigate mortgage costs and enhance potential investment returns as uncertainty about interest rates and high housing prices continue into 2024, according to Re/Max Canada’s Housing Market Outlook Report.
Van. house prices to rise as sales drop: Re/Max
Those hoping for Metro Vancouver housing prices to soften may have to wait. Predictions for the local real estate market going into 2024 include a two per cent increase in average residential prices and three per cent drop in sales.
T.O. house prices to drop, condos to bounce back: Re/Max
Real estate sales and prices are expected to increase across Canada in 2024, Re/Max says in its housing outlook report. Ontario's housing market will be mixed with prices dropping three per cent in Toronto and further in many other cities.
Potential homebuyers stand pat, expecting prices to drop
Canadian home prices are heading into a steeper slide than previously expected. TD economist Rishi Sondhi is now forecasting the average national home price will drop 10 per cent in the first quarter of 2024 from third quarter levels.
Home prices to drop in Ont.'s ski country: Royal LePage
Just as Ontario’s cottage country has grappled with falling property values, prices in Ontario’s ski regions have gone downhill. High interest rates and economic uncertainty are suppressing demand while new listings surge, a trend not expected to last for long.
Neighbours upset by empty Toronto storefronts painted black
White would get too dirty, grey might be nice, but black is just too grim. That’s the thinking from some in the Yonge and Lawrence neighbourhood about a condo develoment's row of boarded-up street front retail locations that are painted black.
Van. lawyer who sued neighbour accused of 'paper terrorism'
A Vancouver woman is asking for the courts to make an example of her neighbour, a practicing lawyer she alleges has filed a baseless pseudolegal lawsuit against her over a balcony divider, attepting to "provoke a state of fear."
Tenants are turning to motels and campgrounds for housing
Motel owners in Calgary aren't keen to talk about monthly stay rates with reporters, but they do offer up some basic details. They say tenants who can't find affordable rental options have been staying at these motels for months.
We don’t have enough money to solve the housing crisis
OPIINION: It is now widely understood that Canada’s housing market is critically undersupplied. A 2022 study by Canada Mortgage and Housing Corp. reported that the country will need more housing units than are currently in the delivery pipeline.
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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