LocationsRecent Articles
Town & Centre a change of pace for Coquitlam, Mosaic Homes
Town & Centre a change of pace for Coquitlam, Mosaic Homes
The Town & Centre mixed-use development by Mosaic Homes represents not just the first new high-rise housing to hit the Coquitlam Town Centre market in six years, but is part of a long-term shift for the Vancouver developer.
People are leaving Toronto in droves to buy cheaper houses
Re/Max’s 2024 Tax Report outlines how people are fleeing Toronto and its overpriced housing scene, opting to instead settle in cheaper parts of the country. Alberta welcomed the most interprovincial migrants last year - primarily from Ontario.
Point2Homes: 2023’s falling home prices in Canadian cities
Falling home prices may make many new owners regret their decision to finally take the plunge and buy a home a year before, when prices were still at all-time highs as both homebuyers and sellers had a very challenging 2023.
Record numbers of Canadians consider real estate in Mexico
A staggering number of Canadians travelled to Mexico last year, a massive jump compared to 2022. FarHomes, a website dedicated to finding real estate internationally, compiled data on the number of people who travelled to Mexico from Canada in 2023.
Toronto home sales jump 10% in January, buyers re-emerge
In Toronto there were 6,448 resale transactions in January, a 9.6-per-cent increase over December after removing seasonal influences, according to the Toronto Regional Real Estate Board (TRREB). That follows the 19.5-per-cent rise in November.
Condo rental rates, increased vacancy in downtown Toronto
Condo market analysts Urbanation reported condo rents fell 5.7 per cent in the fourth quarter of 2023, the fastest drop since it began recording rental data in 2010, yet still above the 10-per-cent increase seen in earlier 2023.
Toronto Islanders pay less property tax than city dwellers
Toronto Islanders, who own their houses but lease the land under them, on average pay about $1,530 per year in property taxes, for homes with an assessment value of $241,785, according to 2022 data from Toronto's tax division.
Canada's largest landlord names a new CEO
Canada’s largest landlord has a new CEO once again, with Toronto Community Housing announcing the hiring of Peel Region’s current head of social services, Sean Baird, roughly eight months after TCHC's last boss was poached by city hall.
NIMBYism influencing housing supply, study finds
A UBC Sauder School of Business study titled Homeowner Politics and Housing Supply has found city councillors are more likely to vote against large new housing developments when they represent an area with a heavy percentage of homeowners.
Four-storey mixed use building coming to Wolfville, N.S.
Construction could soon begin on a controversial 60-unit residential structure with two commercial spaces in Wolfville, N.S. An original development agreement was approved in 2019 yet a dozen concerned residents spoke at the public hearing.
Thirty new homes will be built in Revelstoke
The City of Revelstoke council has approved a development permit for a multifamily building strata in Arrow Height. The move will add 30 new homes to Revelstoke’s housing stock that includes one duplex and seven fourplexes.
Regina's Housing Incentives Policy to speed up projects
Regina’s Executive Committee has given its approval this week to updates to its 2024 Housing Incentives Policy. The changes are aimed at getting funding in place sooner and providing some greater flexibility to applicants for housing projects.
It’s co-op housing’s time to shine, CHFC states
Ontario’s co-op housing sector is clearly on the upswing with significant policy support and federal and provincial government funding, amid realization the model fits well into Canada’s strategy to ensure affordability is part of its solution to the housing crisis.
Edmontonians pay a little more for mortgages than rent
For tenants, paying an extra $250 and change monthly in Edmonton to buy a home could be a better bet. Recent analysis by Zoocasa shows a mortgage in Edmonton only costs $253 more per month.
1,900 social housing units proposed for Vanc. neighbourhood
The proposed redevelopment of Skeena Terrace in east Vancouver would include more than 1,900 social housing units, up from the 230 currently on-site, along with a 74-space child care facility and other amenities. Buildings would range from four to 36 storeys.
Parksville wants break from B.C.'s short-term-rental rules
Parksville Mayor Doug O’Brien is promising to keep fighting for a group of waterfront cottage owners in what is known as Resort Row in Parksville hoping to win an exemption from upcoming short-term-rental rules.
Openhouse.ai raises $1.5-million for house-planning tool
Calgary-based proptech startup OpenHouse.ai has raised $1.5 million for its AI-powered house planning and marketing platform for builders. The seed round was led by Trico Ventures and homebuilders across the United States (US) and Canada, the company said.
3D digital company, Urbanimmersive receives CTO
Urbanimmersive, a leading provider of 3D digital twin solutions for the real estate marketing industry, has received a general Cease Trade Order. Despite declining revenues the company believes it will generate positive free cash flows over the next 12 months.
Developer amassed $10B condo portfolio in alleged fraud scheme
N.Y. developer Nir Meir, who fled to Miami from N.Y.C. after his company collapsed, was arrested Monday on an out-of-state warrant. Meir, a former executive at HFZ Capital Group, was charged Wednesday in connection with an alleged multimillion-dollar fraud scheme.
US seeks to crack down on real estate money laundering
The U.S. Treasury Department's financial crimes unit has proposed a long-awaited plan to curb the flow of illicit funds through American real estate markets. The proposal would require real estate professionals to flag suspicious activity in cash residential home purchases.
Industry Events
-
Canadian Home Building Association: National Fall Meetings
Oct 21 2024
to Oct 25 2024
Ottawa, Ontario
Follow us on Social Media
Follow RENXHOMES on your favorite social media platform for news delivered to your feed.
Locations
