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James House reveals shift in downtown Ottawa condo market
James House reveals shift in downtown Ottawa condo market
A mid-rise condominium project in downtown Ottawa has attracted a different set of buyers than past developments, according to the broker marketing the nine-storey, 127-unit James House. It is being developed by Urban Capital and Taggart Group.
The most expensive cities in Canada to buy a condo
Interest rates, high borrowing fees and an overall cost of living crisis have sabotaged homebuyers' ability to save downpayments. A study by Zoocasa has calculated the costs of a condo on a single-income basis in cities across Canada.
Toronto group opposes condo, required to pay legal fee
Kingsett Capital was pushing ahead with a 20-storey high-rise condo on Toronto’s Bloor Street West. A community group opposed it, lost an appeal, and must now pay a $10,000 legal fee ordered by a judge.
Desjardins ends funding for homes in flood-prone areas
The decision by Desjardins to no longer finance house purchases in very flood-prone areas is a “bomb”, Quebec opposition parties say as they call for government intervention. Otherwise, current owners risk losing “a lot of money”.
A busy January has Vancouver realtors bullish on market
Vancouver realtors are hoping recent frenzied activity is a sign the market is on the upswing. Listing agent Amar Manuel received 27 offers on a house last week, and was shocked at the number of bidders.
Real estate buyers in Toronto find competition has returned
The real estate market in the GTA is shifting gears and buyers who got used to a languid pace are scrambling to keep up. In mid-February, 40 per cent of homes in the low-rise segment were selling above asking price.
What kind of home will $1 million buy in Toronto?
A new starter home in Toronto is a $1-million two-bedroom condo or stacked townhome. That's according to a Royal LePage report which found Toronto and Vancouver offered the smallest properties with a $1-million price tag.
Income to buy a Calgary house dropped by thousands
A Ratehub.ca report calculating the minimum annual income required to buy an average home in some of Canada’s major cities, based on data from December 2023 and January 2024, indicates the income required in Calgary has dipped.
The housing correction has run its course: Economists
Home sales rose for the second consecutive month in January, up 3.7 per cent after four straight months of decline. Sales are back to summer 2023 levels, while the MLS Home Price Index is down five per cent since August.
Economists say mortgage costs keep inflation high
Shelter inflation is fuelling concern over the delay in lowering interest rates. In January, inflation fell to 2.9 per cent, but shelter costs (rent, mortgage interest, replacement costs, water, fuel, and electricity) drove overall prices up 6.2 per cent year-over-year.
45,000 Ontario workers exit RE industry: Statistics Canada
Following the interest rate hikes and the February 2022 peak in real estate activity, earnings for Ontario realtors have dropped nearly 40 per cent in two years, and Statistics Canada reports almost 45,000 workers have exited the profession.
Are you getting 'home fever' while working remotely?
Working from home has become the new normal for many, but teleworking has started to lose its shine for some employees. "Home fever" is a term researchers at Carleton University are exploring as part of a study on remote work.
Edmonton unveils ambitious Mill Woods Town Centre plan
On a brisk morning in Edmonton, the city unveils its ambitious vision for the future, anchored in sustainability and connectivity. At the heart of this vision are two 22-storey high-rises at Mill Woods Town Centre.
Regulations sour investors on Kelowna market: RE exec
A number of government regulations aimed at improving the housing market are having the opposite affect, according to Jeff Hudson, co-founder of Kelowna's HM Commercial Realty speaking at the company's annual real estate market Crystal Ball event.
Hamilton should stop selling its land, researcher says
Late last year, Hamilton city council found parking lots and vacant sites in the lower city, on the Mountain and in Stoney Creek, and staff projected at least 150 affordable housing units were possible between the sites.
Hamilton man building without permit faces legal challenge
The city is taking a Hamilton man to court, alleging he repeatedly failed to cease construction of a west Mountain home he has no permit to build. Omre Taha has been issued 15 provincial offence notices totalling around $10,500.
Co-op housing worked for her and then some
The Toronto Star's ‘Affording a Home’ series, looks at different ways of securing affordable housing. One option is co-ops, not-for-profits that provide housing at cost for their members, who pay a monthly ‘housing charge’ to cover the co-operative’s budget.
The case for banning corporate investment in housing
OPINION: In December, Toronto-based developer Core Development Group announced it will add 10,000 single-family houses to its initial plan to buy $1-billion worth of properties for renting, a bid to make housing available to more Canadian families.
Guelph tiny home group wants sanctioned encampment
A group in Guelph, Ont., says it wants to help the city create a tiny home encampment to help people experiencing homelessness. The Tiny Homes Bridging Coalition hopes to set up a hybrid shelter before next winter.
Kelowna's new tiny home village to provide stability
The province of British Columbia says dozens of people residing in Kelowna homeless shelters will soon find their own place in a 60-unit tiny home village on a city-owned lot in Kelowna's industrial district.
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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