LocationsRecent Articles
Sphere's Niagara Region housing projects reflect changing markets
Sphere's Niagara housing projects reflect changing markets
Mississauga, Ont.-based Sphere Developments’ collection of three stacked townhome projects in the Niagara Region are designed to address a changing housing market in St. Catharines and Welland, according to the company.
Tal holds fast to forecast: Interest rate cuts likely this summer
CIBC World Markets deputy chief economist Benjamin Tal believes major global economies are slowing down, but told the audience at the Feb. 27 CBRE Canadian Market Outlook in Toronto he thinks that’s a good thing for the Bank of Canada.
Desjardins Group opts out of mortgages in flood zones
Desjardins Group, a Quebec based financial institution, announced it will no longer offer new mortgages in high-risk flood zones — areas in the zero to 20-year flood plain — across the province. It also doesn't provide flood insurance in those areas.
First-time homebuyer incentive is discontinued: CMHC
The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC). James Laird, co-CEO of mortgage broker Ratehub.ca and president of CanWise mortgage lender, says the first-time home buyer incentive program is "flawed."
Toronto's DBS anxious to launch new condos
There’s been a dearth of condominium launches in the GTA since the Bank of Canada raised interest rates, but that could change by the end of 2024. If so, DBS Developments plans at least one major project, its CEO says.
Delta identifies three areas for major densification
As an early step towards amending its official community plan, the City of Delta, B.C. has identified three general areas where urban growth through densification can be supported, including Tsawwassen Urban Centre and Ladner Village.
Windsor councillor at odds with council over condo plan
The Windsor councillor for the ward that includes the Roseland curling club is expressing discontent over a proposal to build condos at the site. Amid pressure to build more housing, council has decided to tap into properties the city owns.
Deterring developers from scrapping purchase agreements
A B.C. court decision last month should be a deterrent to condominium developers who might terminate purchase agreements. The court awarded a staggering $13 million to 30 condo buyers whose purchase agreements were improperly terminated by the builder.
Housing redevelopments must also consider business needs
OPINION: The housing crisis is front and centre and Port Moody, B.C. is committed to doing its part to tackle the issue head on, however it is important that we don’t lose sight of the needs of businesses.
A home for just $234K? The 6 best places to live in Canada
Living in a big city has its perks, but at a steep cost. Luckily, Canada still has some great and affordable places offering a better quality of life. Quebec-based company Moving Waldo's study reveals Canada's best places to live.
Cash from your FHSA and HBP can buy a first home
The government initially said you couldn’t combine them to make your first home purchase, but the rules have changed for First Home Savings Account (FHSA) and RRSP Home Buyers’ Plan (HBP) which can be used for a first home purchase.
Leaseholders suddenly stuck with big maintenance bills
OPINION: Faced with hefty new expenses for building improvements, owners of leaseholds in privately owned buildings are pleading with B.C.’s provincial government to create legislation that would protect them and mandate transparency around escalating costs.
B.C. residents consider homebuying helpers like joint tenancy
Secondary suites are identified as the most popular means to help buy a home, with extra income from renters. This is in addition to joint tenancy and tenants in common, both different ways of splitting up ownership of a property.
Inaccurate gov't data may be stoking B.C. wildfires: study
Wildfire fighting and forest management decisions are potentially being hampered by inaccurate government data. B.C.'s wildfire service is trying to close the data gap showing "mismatches" between remotely-sensed mapping, forest fuel classifications and observations on the ground.
B.C.'s eviction moratorium reveals flaws in tenancy branch
New research shows that B.C.'s COVID-19 evictions moratorium achieved its goals, while exposing deficiencies within B.C.'s Residential Tenancy Branch (RTB). The number of evictions filed to the RTB decreased when the moratorium was put in place.
Can Hamilton's anti-renoviction bylaw work in Toronto?
Toronto councillors are asking city staff to study how Hamilton's first-in-Ontario, anti-renoviction bylaw could be implemented in Toronto. The planning and housing committee has directed staff to include in an upcoming report how it would be approached in Toronto.
West Kelowna to exclude itself from B.C. STR regs.
West Kelowna City Council signalled this week it will opt out of some of B.C.’s short-term rental (STR) regulations requiring short-term rentals to be permitted only in properties that are classified as the principal residence of the host.
Pending short-term rental regs. impacting B.C. tourists
Nicola Lloyd has been forced to adjust her B.C. travel plans after learning her Airbnb reservation needed to be cancelled. The U.K. resident is flying to Vancouver this May and initially planned to use a short-term rental.
Decline in building to impact new U.S. homes market
Most U.S. cities saw a decrease in new home permits in 2023, suggesting tougher going for buyers even as multifamily options grow. The number of permits to build new homes fell 11 per cent year-over-year, according to a Point2 report.
White House to support manufactured housing production
The White House is launching new efforts to help build more residential units and lower housing costs. The Biden administration is planning to release a $225M funding opportunity to create and preserve manufactured housing communities.
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
