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Accurity buys 3 appraisal firms to broaden range, technology
Accurity buys 3 appraisal firms to broaden range, technology
Accurity Canada Consolidated Corp. has acquired three real estate appraisal firms - in B.C., Ottawa and London, Ont. - to grow its geographic coverage and expand its technology-based methods, according to Accurity president Stephen Otto.
Leasehold real estate purchases have big caveats
Unlike conventional freehold homes where a purchaser buys the land and the home in perpetuity, leaseholds are a form of ownership for a defined period of time, often 99 years, from either the government, an Indigenous band or land trust.
The cost of building a house in Canada: RE/MAX
There is data to provide prospective homeowners with rough estimates of house building costs, according to the Altus Group’s 2023 Canadian Cost Guide. The price per square foot for building a detached home in Canadian cities is rising.
Buying and selling homes has become very expensive
Costs linked to buying and selling a home have crept up over the years, largely because of higher housing prices. One Barrie, Ont.-based mortgage broker recently worked on an offer where the buyer provided a $50,000 deposit.
Who's responsible when pre-construction deposits are lost?
When 28 buyers lose a combined $5.4 million in deposits on pre-construction houses, it is tempting to wonder who is at fault. Last month, Ideal (BC) Developments Inc. was fined $34,375 for illegally selling new homes.
Reasons BoC rate cuts won’t reignite home prices: economist
OPINION: The founder of Rosenberg Research says he's fielding questions about whether the Bank of Canada will reignite a speculative bounce in home price inflation if it dares to cut interest rates. The short answer is “no.”
Propolis offers a way to combat housing crisis
Non-profit housing co-op Propolis Housing Cooperative is raising $1.1M to acquire and develop its first property in Kamloops. Propolis’ approach is a delivers community-focused solutions, and the co-op is open to learning and adapting along the way.
New Ont. registry of bad tenants, landlords gaining traction
A new registry of delinquent Ontario tenants — and some unscrupulous landlords — is gaining traction among landlords and legal experts. Weiting Bollu founded the platform Openroom after she had trouble ousting a tenant from the home she owned in Vaughan.
Residents frustrated over proposed 39 per cent tax increase
After the Osoyoos town council revealed a plan to increase property and utility tax by nearly 40 per cent, frustrations from the B.C. town's residents remain over the politicians' management of the municipality's finances and their response to public criticism.
Tax increase due to provincial offloading: Ont. municipalities
Ontario municipalities say steep property tax increases are partly the result of Ontario offloading various costs to local governments in the 1990s. The Association of Municipalities of Ontario says it’s time to talk about who pays for what.
Metro Van. population projected to hit 3 million in 2024
Metro Vancouver will top three million residents by July 1, 2024, according to a population projection by B.C. Stats. Hitting three million is a milestone for the region, which stretches from Lions Bay to Langley and includes 23 municipalities.
Part of immigration system 'out of control': federal minister
There is growing acknowledgment that the country doesn't have the capacity to integrate the increasing number of immigrants. Federal Immigration Minister Marc Miller has said that the number of temporary workers and international students has grown too quickly in Canada.
Linking immigration, housing shortage may miss the problem
OPINION: With rising rents and house prices making it increasingly hard to find an affordable place to live, some are pointing the finger at Canada's record-level immigration rates. But immigration is not the only thing straining the housing market.
Few Calgary Airbnb rental homes can convert to housing
Colette Baser first listed her three-bedroom Calgary home on Airbnb in 2015, when she took her children traveling around Southeast Asia for a year, and she plans to list on Airbnb again this year to travel with her family.
Muskoka Lakes to hold meetings on short-term rental bylaw
The Township of Muskoka Lakes, which encompasses cottaging destinations such as Lake Rosseau and parts of Lake Muskoka, has seen its short term rental (STR) population multiply over the last several years with an estimated 800 STRs in the area.
New Ontario legislation affects cottage transactions
Amending the Trust in Real Estate Services Act (TRESA) is part of a push by the Ontario government to strengthen consumer protections during the real estate transaction process. TRESA governs how real estate brokerages, brokers and agents can conduct business.
Heat pumps are a challenge for people in condos
Heat pumps are all the rage these days, especially for single-detached homes. But condominiums — larger residential complexes with individually owned living units — have been slower to adapt. Replacing old heating systems is one way for homeowners to lower carbon emissions.
Retirees look to enlarge their chalet and reduce expenses
Two Quebec retirees live in their tiny chalet while maintaining a small condo, available for rent, after falling under the spell of the small wooded plot. Can they finance the expansion of their living environment?
U.S. housing resales in 2023 at their lowest in 30 years
The number of resales of apartments and houses in the United States reached its lowest level in 2023 in almost 30 years amid a sharp increase in interest rates by the Federal Reserve during the year.
Surfside condos to become 10-story luxury project
Multiplan Real Estate Asset Management closed on a $64M cash acquisition of a Miami 0.9-acre oceanfront site where it plans to replace a dilapidated condo building with a 10-storey tower consisting of 25 for-sale apartments.
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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