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Requity looks to popularize rent-to-own housing model
Requity looks to popularize rent-to-own housing model
Requity Homes hopes its rent-to-own model opens a more flexible path to a mortgage and home ownership for Canadians. It is seeing strong interest from potential buyers, and has just raised $26 million in equity.
Banks slash mortgage rates as bond yields declined
Nearly all of the country’s big banks slashed their advertised fixed mortgage rates last week, in some cases by as much as 0.70 per cent, to align with a sharp decline in bond yields, which lead fixed mortgage rate pricing.
National home prices rose in 2023: Royal LePage
Royal LePage's House Price Survey released today, reports the aggregate price of a home in Canada increased 4.3 per cent year-over-year to $789,500 in Q4 2023. Quarter-over-quarter, however, the national aggregate home price decreased 1.7 per cent.
Federal ministers seek to stabilize immigration levels
Housing Minister Sean Fraser and Immigration Minister Marc Miller say the federal government is working to stabilize the number of people entering the country every year as housing pressures mount.
Alberta grapples with the challenges of population growth
Alberta is a microcosm for the demographic trends that are reshaping the country. Canada’s population is now growing by more than 400,000 people every three months, which translates into the fastest rate of population growth since 1957.
Alberta seniors' lodge vacancies threatens some buildings
Seven years ago, Stanley Much left his one-bedroom apartment in Edmonton to move into a seniors' lodge in the village of Holden, 100 kilometres southeast of the city. Holden Lodge had a built-in community of residents and regular social activities.
Canmore residents seek EA for Three Sisters development
Lawyers representing Bow Valley Engage, a local Canmore residents’ group, are pushing back on a proposed development, Three Sisters Mountain Village, that could double the town’s population by requesting Alberta conduct a new environmental assessment (EA) on the plan.
Designing Canada: Enter the multiverse
The owners of Devil’s Glen, located on Ontario’s Bruce Peninsula, had a condo in Toronto but dreamed of spending more time in the wilderness. When they found suitable building location they contacted Toronto-based StudioAC (Studio for Architecture and Collaboration).
Proposals requested for development site in Sussex, N.B.
The town has posted a request for development proposals for 63 Broad St., a 1,384 square-metre lot, former site of heritage buildings destroyed by fire. The land was purchased by the community and then sold to the town in 2021.
Kelowna pursues residential planning with AI's help
With front-line planning staff fielding approximately 5,750 planning inquiries a year, a volume that shows no sign of dropping, Kelowna is turning to artificial intelligence (AI) to manage workflows as it seeks to address a housing shortfall.
Property-sharing startup Willow hit by rising rates
Willow LP, a commercial property-sharing startup aimed at retail investors, which was acquired by an online rental-services company in late 2023, was part of a new wave of property investing called “fractional investing or prop sharing” popularized during the pandemic.
Digging for deals in Canadian home listings
When looking for deals in a sluggish Canadian housing market, there’s a lot of data to crunch. The Globe and Mail took a look at where there are deals according to data from the Canadian Real Estate Association.
The top 3 tax strategies for first time home buyers
Nearly one in five Canadians aged 18 and up say they “probably will or may” buy a home in 2024, according to a new Wahi Realty Inc. survey of Angus Reid Forum members that looks at homebuyer intentions for 2024.
Unveiling the 2023 market statistics for Halifax
2023 was a year of transition when approximately 76 per cent of the inventory in Halifax found new owners. While this percentage is robust, it represents a notable departure from 2019 when 78 per cent of listed homes found buyers.
Soft landing for the Quebec 2023 real estate market
The Quebec Professional Association of Real Estate Brokers reported that in 2023 there were 75,853 residential sales in Quebec, a decline of 13 per cent, or 10,995 transactions, compared to 2022 and slightly lower than the historical average.
Q+A: London real estate boss offers reality check
London St. Thomas Association of Realtors’ new chair, Kathy Amess, shares advice on what she calls “a fairly balanced market.” Amess has been full-time realtor since 1993, opened Blue Forest Realty in 2014 and has 85 realtors in the office.
Finding affordable housing in B.C. will remain a battle
ANALYSIS: The battle for affordable B.C. housing will grow more challenging in the year ahead. Exacerbating the problem is the fact rents continue to climb while household incomes stagnate. New data shows homelessness has risen 33 per cent since 2022.
Some Canadian homeowners can't get insurance coverage
Spring floods like the one in Baie-Saint-Paul, about 90 kilometres northeast of Quebec City, have helped drive up insurance claims from extreme weather in 2023 to the fourth-highest total on record, according to the Insurance Bureau of Canada.
B.C. judge orders new hearing for landlord
Landlords of a rental suite in Duncan, B.C., who were ordered to pay evicted tenants $16,000, will get a new hearing before the province’s residential tenancy branch. The B.C. Supreme Court ordered a judicial review of the 2021 decision.
Contractor accused of defrauding Ontario cottage owners
A contractor who allegedly took hundreds of thousands of dollars from multiple Ontario cottage owners for renovation projects but left major jobs unfinished has pleaded guilty to seven of 13 fraud-related charges in a judge-alone criminal trial.
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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