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New urbanism at the centre of Aragon’s Wadams Farm in Sooke
New urbanism at the centre of Aragon’s Wadams Farm
Aragon Properties is embodying a "new urbanism" philosophy at its Wadams Farm community in the Vancouver Island community of Sooke, where it will offer a mix of for-sale and rental housing options.
Apcon develops The Hive condos in fast-growing Langley
Much of B.C.'s Lower Mainland is landlocked and therefore unaffordable, but with its undeveloped space Langley offers a more affordable option for Vancouver-area home buyers. Apcon Group's The Hive condos is one of the latest to come to market.
Ont. rules could mean selling homes at a loss: homebuilders
A government initiative aimed at increasing the supply of affordable housing may not be enough incentive for developers, with the Guelph and District Home Builders’ Association saying costs to build the homes exceed the affordable prices set by the province.
Toronto home sales rise but buyers take their time
Toronto home sales rose 4.2 per cent in June after four straight months of declines, but activity was relatively slow as would-be buyers became emboldened with the growing abundance of options, according to the Toronto Regional Real Estate Board.
York Region home prices jump 3.4 per cent in June
The average price for a home in Ontario's York Region was $1.39 million in June, according to the Toronto Regional Real Estate Board. That’s up 3.4 per cent from May but down 0.4 per cent compared to June 2023.
Vancouver home sales fall 19 per cent in June
Greater Vancouver Realtors says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.
Montreal home sales up 6.4% as prices continue to climb
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 6.4 per cent in June compared with the same month last year. The median price for a single-family home rose 5.8 per cent to $582,500
Record-setting run for Okotoks house prices comes to end
After four consecutive record-setting months, Okotoks, Alta. house prices took a breather in June, according to statistics released this week by the Calgary Real Estate Board. The price of a typical home in the area was $615,800.
Repeatability at scale key to success for modular construction
Modularization means fabrication by workers in a factory environment instead of cutting and hammering onsite. The next level of modularization involves the manufacture of complete wall panels and floor or roof cassettes that are transported to the site and assembled.
Can Edmonton resist pressure to expand its footprint?
COLUMN: Edmonton is examining a policy called "substantial completion", which says suburban areas already under development should be finished before the city allows residential construction on lands designated for future expansion. Developers warn it could stifle the city's competitive advantage.
More income needed to qualify for mortgages in Calgary
Calgary has been one of Canada’s hottest real estate markets, with growing demand increasingly making it costly for buyers to qualify for a mortgage, according to a new study from Ratehub.ca.
BoC's rate cut was like bringing a butter knife to a gunfight
COLUMN: With national home prices treading water, real estate inventory growing and housing affordability still atrocious, last month’s quarter-point rate cut from the Bank of Canada (BoC), while helpful, was the equivalent of bringing a butter knife to a gunfight.
Renewing your mortgage at the peak
The Bank of Canada’s interest rate policies significantly impact mortgage rates. After a period of rate hikes designed to curb inflation, there's cautious optimism that we are at the beginning of a downward trend.
Three-year mortgages remain biggest crowd-pleaser
For those not requiring short-term financing, one- and two-year mortgages are still too expensive. Three-year fixed terms are still the number one crowd-pleaser, with nationally leading offers at 4.84 per cent (insured) and 5.24 per cent (uninsured).
Nearly 40% of new Canadians may move due to housing costs
Nearly 40 per cent of recent immigrants to Canada are considering moving to another province or leaving the country altogether due to a lack of housing affordability, a recent poll conducted by the Angus Reid Institute suggests.
They’re grandparents and they just bought their first home
When Sanjay and Alka Bhawsar immigrated to Canada from India in 2005, they had a goal to one day own a home. Earlier this year, the couple’s dream came true, thanks in part to a developer's low deposit requirements.
How multi-generational homes can share a mortgage
While co-owning a home, such as in a multi-generational living context, helps share costs, it can also be tricky – especially if a family member wants to be released from the mortgage or passes away.
How the Vancouver Special became an iconic and beloved style of home
The Vancouver Special was cheap to build and could be completed within months. There was a possible rental suite in the basement, and a big yard. This unique housing archetype was the starter home for many new immigrants.
How to bring secondary suites above board
Canada Mortgage and Housing Corp. reports that in 2023, there were 1,518 secondary suites either completed or underway in Calgary. With government agencies standing by with incentives to build more, 2024 might be a banner year for basement suite development.
Will AI replace realtors?
Many realtors already use AI for property descriptions and email responses. But AI goes beyond simple language output. It’s now generating lyrical songs for your social media posts about your properties and creating videos about the local real estate market.
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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