LocationsRecent Articles
Home insurance rose 7.66% YoY in January: My Choice
Home insurance rose 7.66% YoY in January: My Choice
Home insurance rates across Canada in January rose 7.66 per cent year-over-year, fuelled by extreme weather damages, elevated claims costs and rising repair and replacement prices, according to data by insurance comparison site MyChoice Financial.
Home builder sentiment hits record low
Kevin Lee, chief executive of Canadian Home Builders’ Association, talks with Financial Post’s Larysa Harapyn about how home building will slow in the coming year and what the industry needs from Ottawa to meet housing targets.
Compelling builders to use land in Ontario
OPINION: David Wilkes, CEO, of the GTA-based Building Industry and Land Development Association, comments on consideration of new powers for Ontario municipalities that would compel builders to build, commonly referred to as “use it or lose it” policies.
Toronto eyes conversion of 130 lots for development
Toronto's push to address its mounting housing crisis could see it convert parking lots on prime land across the city to build new homes. The proposal was recently endorsed in principal by the Toronto City Council executive committee.
Canada's new tallest building will break records
The new condo tower rising at the foot of Yonge Street will soon be the tallest building in Canada. Pinnacle Developments’ flagship Pinnacle One Yonge development will soon be home to a 105-storey condo tower.
Delta, B.C. has highest share of homes for sale at $1M
According to a new report from Point2Homes, Delta, BC, has the highest share of high-end homes priced within certain parameters, with a whopping 80.5% of listings priced at about the $1 million mark, beating out both Vancouver and Toronto.
Housing takes centre stage at NAIOP IWD event
Before taking her private-sector position as Dream Unlimited Corp. head of affordable housing and public affairs, Ana Bailão served as chair of the City of Toronto’s Planning and Housing Committee and worked extensively on housing affordability issues.
Doors opening for women in construction sector
With diversity, equity and inclusion infusing new breath into the push for leaders more reflective of society at large, women are increasingly at the forefront of the generational changes unfolding at all levels of their companies.
Toronto's garden suites; just 6 were built in 2 years
Garden suites were supposed to increase housing density in Toronto, but city data shows people aren't building them. Toronto amended zoning two years ago to allow garden suites on most residential properties hoping to increase housing options.
Victoria is the most livable city in Canada
For the past decade, Victoria has also been one of Canada’s fastest-growing cities, says University of Victoria assistant professor Justin Wiltshire. The population grew by nearly 15 per cent from 2011 to 2021, from roughly 80,000 residents to about 92,000.
Cochrane, Ont plans to offer house lots starting at $10
The town of Cochrane, home to around 5,380 people, is planning to sell land for as low as $10. The area hopes to soon see a population boom as it gears up its land sales program this spring.
Adjustable-rate mortgages a sweet spot when rates drop
Like kids waiting for Santa Claus, floating-rate mortgagors have waited months for the Bank of Canada to deliver savings. Instead, the bank delivered another lump of coal March 6 — no interest rate cut and little hope of cuts for months.
Mortgage defaults in London, Ont. up 83%: Equifax
London had the second highest rate of homeowners defaulting on their mortgage payments in Canada, as defaults rose 83 per cent in Q3 2023, second only to Barrie where defaults doubled according to Equifax and Canada Mortgage and Housing Corp.
Que. lender ending new mortgages in flood zones
Nearly five years after floods raced through hundreds of Quebec communities and forced thousands from their homes, a major lender’s decision to stop issuing new mortgages in flood zones is the latest challenge for cities adapting to a changing climate.
Renovations could help solve our housing crisis
A report by the Canadian Federation of Independent Business (CFIB) found the simplest projects mired in red tape. A $20,000 bathroom renovation will cost, on average, $415.62 upfront for municipal fees and requires seven documents to be completed.
B.C., Canada need to boost construction activity: CMHC
Canada's effort to boost housing supply is facing a hurdle as Canada Mortgage and Housing Corp. (CMHC) flags declining construction productivity across the country, mirroring concerns in B.C.
Federal budget to introduce new housing measures
Look for measures to make housing in Canada more affordable in the federal budget next month, says CIBC economist Benjamin Tal. Canada’s housing affordability crisis is expected to be a key focus of the federal government's April budget.
Anti-Airbnb rage boils over in Montreal neighbourhood
The building is splattered with different shades of paint. Its doors and windows are covered with posters. The message is as clear as the graffiti: the crowd which gathered around the building on Wednesday doesn't want Airbnbs in their neighbourhood.
The Montreal lease transfer removed with Bill 31
In Montreal, we’ve been shaken awake after the province passed Bill 31 last month, which, among other measures, effectively eliminated the lease transfer – one of the last things protecting our city’s stock of affordable housing - more or less by accident.
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
