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3D Video Fusion brings new interactivity to video housing tours
3D Video Fusion brings new interactivity to housing tours
With the use of 3D cameras and digital twin technology, Longueuil, Que.-based proptech firm Urbanimmersive aims to bring more texture, information and immersion to its interactive housing tours.
BoC urges removal of barriers to home building
After holding the overnight lending rate to 5 per cent, the Bank of Canada (BoC) has called for policy changes to spur more housing construction and reduce pressure on inflation caused by a lack of shelter amid record immigration.
Half of first-time buyers use the first home savings account
A BMO survey shows 52 per cent of respondents looking to buy a property are likely to use their first home savings account to save for the purchase, but 69 per cent reported they're not knowledgeable about the account.
Now could be a great time to enter the housing market
Now could be a great time to buy a home if you're ready to enter the housing market, before the Bank of Canada starts cutting interest rates in 2024, as expected, causing homebuyers to jump back into the market.
Presale homebuyer finds pain in the fine print
A recent immigrant who purchased his first property has seen the dark side of the presale market. Real estate markets can change dramatically between the time a buyer pays their deposit, the sale closes and the final balance is due.
The worsening mortgage crunch is hitting the economy
The growing burden of mortgage payments as homeowners renew with higher interest rates has roused concern from policy makers to politicians. Canada’s household debt, at 187 per cent of disposable income is among the highest of OECD countries.
Short-term rentals hit end of the road in B.C.
At the peak of her busines, chief executive of Victoria-based short-term rental Superhost Nancy Paine managed 65 properties and welcomed thousands of guests. That will end next spring when B.C. enacts laws restricting short-term rentals to a homeowner's principal residence.
Vancouver subletter evicted only to see it on Airbnb
A Vancouver renter says she’s one of a half-dozen sub-tenants cleared out of a Mount Pleasant character home earlier this year, only to find the house listed on Airbnb during tourist season. What’s more, the entire process was legal.
B.C. to require new living spaces to not exceed 26°C
Major changes are coming to the B.C. Building Code to improve the accessibility, liveability and the safety of future buildings across the province. The provincial government is implementing some of the biggest changes to the building code in years.
Toronto's plan for 6-storey buildings, single-family homes
The city is hosting a webinar to talk about its major streets study, which proposes "gentle densification" along large streets with single-family homes. In a joint letter, seven associations say six storeys is too high for their neighbourhoods.
High prices, interest rates cause drop in GTA home sales
Toronto's dramatic decline in November sales of detached houses and townhomes can be chalked up to high prices and interest rates that have put off would-be buyers, industry experts say, while low inventory is keeping the price from dropping.
Quebec sales run out of steam in November as prices rise
The Quebec Professional Association of Real Estate Brokers (QPAREB) has released its residential real estate market statistics for November 2023 for the Quebec City Census Metropolitan Area, showing declining sales volume, dropping home inventory and rising prices.
Real estate: The myth of the perfect investment
The so-called power attributed to real estate as a retirement fund is quite recent. It dates back 15 or 20 years, when falling interest rates increased the appetite for debt, raised the pool of potential buyers and drove up prices.
Affluent homeowners: Let’s put our housing wealth to work
Class dynamics have been transformed in Canada. Income now matters less. Home equity matters more, especially for those who bought decades ago. Older Canadians worked and lived in an era when blue-collar jobs could pay enough to purchase a home.
Costly land not construction causes unaffordable housing
OPINION: Given all we know about the shortage of housing options, what should we do? First, it’s essential to acknowledge that Canadians are already addressing the issue by relocating from pricier to more affordable regions.
America is aging into a housing crisis for older adults
In a rowhouse in Baltimore live unlikely roommates, born 50 years apart. Lena Wilson is 81 years old and has owned her three-bedroom home for four decades. Her tenant is in his 20s; and was homeless before moving in.
Co-creating the right to adequate housing in Canada
The National Housing Council has released a new report, Co-Creating the Right to Adequate Housing in Canada, which advises the Government of Canada to focus on bold leadership to advance the progressive realization of the right to adequate housing.
Richmond activists challenge city on affordable rental program
B.C.'s Richmond Poverty Reduction Coalition will present city council with hundreds of postcards next week highlighting the need to scrutinize low-end market rental units, of which almost three-quarters are currently managed by private companies.
German housing crisis deepens as slump hits records
Germany’s housing crisis risks intensifying as nearly half of the country’s builders complain of insufficient orders and some reported financial difficulties. Surging construction costs and higher interest rates are making many projects unprofitable, and straining the construction industries long-term viability.
Intact subsidiary RSA selling U.K. home insurance business
Insurance company Intact Financial Corp. (IFC-T), one of Canada's largest property insurers, says its Royal & Sun Alliance Insurance Ltd. subsidiary has signed a deal to sell its U.K. home and pet insurance business to Admiral Group.
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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