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Ontario’s housing supply overstated by almost 1M units: OHBA/BILD
Ont. housing supply overstated by almost 1M units: report
A report commissioned by organizations representing Ontario’s developers and builders argues provincial authorities are overstating the amount of shovel-ready land by almost one million units, fuelling a misconception the industry is “sitting on lots.”
BoC to cut rates 50 per cent by Q4 2024: Desjardins
Canadians can expect the Bank of Canada (BoC) to start providing some respite this spring as the central bank “slowly but surely” moves toward its first interest rate cuts, accordint to Desjardins, which predicts the first one in June.
Many Canadians plan to buy a home within a year
With Canada’s housing market “starting to turn a corner,” over the next 12 months, about one in 10 – or 4.4 million Canadians – plan to buy a home, which is a “colossally high number,” according to a new poll by NerdWallet
Que. non-profit's 1,000 housing units, 10 building-plan
A non-profit organization, Mission Unitaînés, will build 10 buildings of 100 apartments each, in 10 Quebec cities, intended for low-income seniors. Construction will begin in the coming weeks, and the 1,000 housing units must be delivered within 24 months.
Slow approvals put Saint-Michel housing project in jeopardy
Neil Armand, co-founder of the Black Community Housing Society, plans to develop a sprawling apartment building attached to a publicly accessible grocery store and gym to help meet the needs of the low-income neighbourhood in Montreal's Villeray–Saint-Michel–Parc-Extension borough.
Hamilton council rejects housing proposal to save parking
Hamilton councillors have rejected a plan to build 67 new affordable homes on a city-owned surface parking lot. A staff proposal would see the land made available through a sale or lease to a non-profit housing provider.
Why non-profits are essential to solve housing crisis
The gravity of Canada’s housing crisis demands immediate collaborative action. To see solutions at work, Canada needs all levels of government and the development sector, including non-profits, to operate in lockstep with the same goal.
Halifax proposed zoning changes may be transformative
Possible zoning changes to create more housing in Halifax – 15,000 new units over the next three years – would alter the face of the city. While some residents question the rapid growth, others say it's going in the right places.
Farmhouse demand surges in Quebec
After years of growing flowers and vegetables on her balcony, Julie Aubé dreamed of cultivating large gardens, planting trees and perennials. She bought a farmhouse in Saint-Roch-des-Aulnaies with her partner in 2018 before demand for farmhouses surged across Quebec.
Garages are hot in Toronto, due to car thefts
Toronto realtors say that in recent months, as incidence of auto theft has risen, homebuyers are willing to pay more to ensure their home has a private, secure place to leave their vehicle, such as a driveway or a garage.
Expert highlights benefits of light-frame wood panels
The benefits of panelized construction are simple: accelerated project timelines, cost-effectiveness and improved structural performance over conventional stick frame construction, Dylan Sliter, president P³ Panel Company, told an audience at the Light-Frame Wood Solutions Conference held in Vaughan.
The time it takes to save up for a down payment in Ottawa
It would take five months for a single person earning the average income and living in Ottawa to save the down payment to buy a condominium in the capital, according to a report by ZOOCASA.
Here are some ways to cover rising mortgage rates
Mortgage renewals during this time of high interest rates are causing Canadians a lot of sleepless nights. Struggling to afford your base housing cost, whether that’s rent or a mortgage, is one of the most stressful situations you can experience.
Toronto prices unlikely to rise sharply with rate cuts
Economists predict home prices will rise gradually in the second half of the year as interest rates slowly decrease addressing concerns from buyers that prices could run away and they'll be priced out of the market once more.
How a couple bought a Toronto home without family money
Amid high mortgage interest rates and the average Toronto home price sitting at $1.02 million, a survey by Mortgage Professionals Canada found 48 per cent of Canadians who don’t own a home believe they never will.
Signs of optimism for homebuyers in London market
Growing comfort with mortgage rate stability, and a possible decline later this year, could bring more single family home buyers from the more expenseive markets such as Toronto, Mississauga and Kitchener to London, Ont., one economist says.
B.C. 'flipping' tax hits profits on quick residential sales
A new B.C. tax will target profits from the quick sale of residential properties, which the government says will “further crack down on speculators." The new B.C. home-flipping tax was unveiled last Thursday in the 2024 provincial budget.
Couple hit with B.C. vacancy tax despite living in home
A Vancouver Island couple, who are not Canadian citizens or permanent residents, have received letters from the B.C. government indicating that under the rules of the speculation and vacancy tax, they must pay $13,000 by July 1st.
Parksville owners seek exemption from STR rules
A group of Parksville, B.C. property owners, the Resort Drive Advocacy Group, who invested in tourism-zoned developments are lobbying for an exemption from new short-term rental (STR) laws in B.C.
The failures of real estate auctions
GUEST COLUMN: Is it desirable to disclose simultaneous promises to purchase on the same property? A public auction system would not bring down prices, according to Montreal realtor Jean Sasseville.
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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