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McCredie Investments signs purchase agreement for Sutton Group Realty
McCredie signs purchase agreement for Sutton Group
Vancouver-based McCredie Investments has an agreement to acquire Sutton Group Realty Services Ltd., planning to reshape the brokerage’s operations around technology and more transparent real estate data for Canadian home buyers.
BoC rate pause: What mortgage holders should know
Experts say the Bank of Canada’s (BoC) decision to hold interest rates at five per cent is a positive sign for mortgage holders with loans tied to prime interest rates, though the high cost of borrowing remains a challenge.
Mortgage payments are missed as credit card debt hits $113B
Credit card debt rose to a new record of $113.4 billion in Q3, up 16 per cent from last year, causing more Canadians to miss other loan payments including their mortgages, as people struggled with rising costs.
Halifax is short 17,500 new housing units, more needed
Halifax needs at least 17,500 more housing units — and the current pace of construction means the shortage could grow to 31,000 units by 2027, according to a report by consulting firm Turner Drake & Partners.
Sudbury can meet target of 3,800 new homes by 2031
Sudbury, Ont. pledged to work toward building 3,800 new homes in the next seven years as part of the province's goal to deliver 1.5 million new homes by 2031. That's an average of roughly 40 new builds per month.
Windsor's 'global village' nixed despite MOU with developer
Windsor city council has nixed the planned "global village" development despite recently signing an MOU with Fairmont Properties – the developer the city had chosen for the project – to house 400 students from the St. Clair College's downtown campus.
Developer shelves 8-storey apt. building plan in Charlottetown
An application for an eight-story, 158-unit apartment building in downtown Charlottetown that has been in the works for almost three years has been shelved by developer Tim Banks, president of Pan American Properties.
Developer Westbank faces litigation due to unpaid bills
Westbank Corp., a prominent Canadian developer, is facing problems at several projects in Toronto and Seattle, with contractors claiming millions of dollars in unpaid bills. Two dozen construction and trade businesses have been fighting with Westbank over the bills.
Modular homes could ease Canadian housing crisis: experts
For 27 years, contractor Craig Mitchell has built everything from hospitality and care facilities to multi-family residential buildings — with a twist. Mitchell doesn't construct his projects traditionally, but rather builds modular houses in a production facility off-site.
Modular homes industry needs land to meet demand
It’s been a busy few years for the people in the mobile and modular home business. Karl Rutherford, manager of Clark’s Modular Home Sales in Guelph said there is demand for modular homes, but there is a need for land.
Powell River staff want modular, mobile home distinction
Powell River, B.C.'s municipal staff are suggesting bylaw updates to distinguish between modular and mobile homes. A city official said the Manufactured Homes Act deals with mobile homes and modular homes, which are a different type of manufactured housing.
B.C.'s TOD development plan needs more definition
A plan to boost transit-oriented development (TOD) was passed into law by the B.C. government this fall. However, concerns have been raised centred on affordable housing, the potential displacement of renters, community amenity contributions and parking.
B.C.'s new building codes impact housing costs
B.C. is ushering in new building and fire codes early in the new year. While the codes are meant to bolster safety, some industry stakeholders are raising concerns about the potential impact those regulations could have on housing costs.
B.C.’s new housing targets sparks concern
British Columbia is where some of the country’s least affordable housing markets are concentrated, and the province has spent the past year making a series of major policy changes aimed at getting people into homes.
B.C. judge sides with builder owed $101,700 by customer
Penticton contractor Ellcar Ventures filed the claim in B.C. Supreme Court against Carol Elizabeth MacLeod, a retired Langara anthropology professor, for about $101,700, the amount owed on the $391,700 contract she signed.
Montreal home sales down from year ago, QPAREB says
The Quebec Professional Association of Real Estate Brokers (QPAREB) says Montreal-area home sales in November dropped one per cent compared to November 2022. The median price of single-family homes was $539,700, $380,000 for condominiums and $731,250 for a plexes.
1,000 homes in Luarentians evacuated over risk of dam break
About 1,000 properties and hundreds of residents of two municipalities in Quebec’s Laurentians region have been ordered to leave their homes on Sunday night because of the risk a nearby dike could burst.
Florida home insurance premiums rise to $11,000 a year
As the climate warms and hurricanes intensify, homes in Florida are at growing risk of costly damage when storms barrel ashore. The financial risks have prompted some home insurance companies to pull out of the state.
Renters using TikTok, X to defraud apartment landlords
Renter application fraud has become a growing nuisance for apartment owners like Camden Property Trust, as more and more tenants provide fake documents to sign a lease and never pay rent, banking on a lengthy eviction process and lax enforcement.
Life in the towers: Stories from Donald St., Ottawa
For many newcomers, Donald Street is their first Canadian address. But two highrises near Ottawa’s east end are also home to a number of low-income tenants. Some plan to move on and for others, the address is permanent.
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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