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Tinder for homebuying: Wahi lets couples home hunt together
Tinder for homebuying: Wahi lets couples home hunt as pair
Couples can swipe right on their ideal home with an app by Toronto-based real estate tech firm Wahi that lets partners get on the same page throughout the homebuying experience.
Smith Financial to merge lenders into Fairstone Bank
Billionaire financier Stephen Smith is merging recently acquired Home Trust Co. with Fairstone Bank of Canada in a $5-billion deal raising the value of Fairstone to $30-billion in assets, two million customers and 250 Canadian branches.
Pre-construction condo buyers forced to off-load units
A growing number of GTA pre-construction condo buyers are struggling to close deals — leading to a sell-off with prices up to $150,000 lower than the original purchase price and putting downward pressure on entire buildings' unit valuations.
Even less protection for new Quebec home buyers
New home buyers are losing an ally. The SOS Residential Guarantee Plan, which helps consumers understand their rights and assert them, will close this week. The Régie du logement du Québec (RBQ) has ended its funding for nebulous reasons.
A 2023 recap of new home construction trends in Canada
New home construction in Canada’s six largest census metropolitan areas (Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montréal) remained high in 2023. Apartment starts surged, driven by more favourable demand and financing conditions predating 2023, alongside government support for rental construction.
Business leaders say housing biggest economic risk: KPMG
Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows. It found 94 per cent of respondents agreed housing should be the top priority for the federal budget.
Remote work is shaping how people buy homes in Ontario
From a peak of 41.1 per cent working remotely in April 2020, recent Statistics Canada data shows 25 per cent of working Canadians are entirely remote or in a hybrid setup, as more employers institute return-to-office policies.
Mortgage renewals, insurances squeeze B.C. homeowners
Looming mortgage renewals and mushrooming home insurance costs are squeezing B.C. homeowners in 2024. Insurance comparison website My Choice Financial concluded home insurance prices increased by 7.63 per cent and replacement costs increased by 2.82 per cent YOY in January.
Ten Port Moody bungalows saved from demolition
Over the past decade, developer Wesgroup assembled a parcel of land equivalent to about six full blocks in Coronation Park, a modest neighbourhood in Port Moody dotted with small bungalows. now slated to become a highrise community for 5,500 people.
Breathing new life into an Edmonton neighbourhood
Once a thriving hub for business, Edmonton’s Quarters District, a historic 40-hectare east-end neighbourhood, is now better known for vacant lots, empty storefronts and crime – a tough sell for revitalization efforts, say urban planners, landowners and commercial developers.
HCRA freezes assets of Albion Building Consultant
Ontario’s Home Construction Regulatory Authority (HCRA) is freezing the assets of a former licensee suspected of illegal building and selling. Albion Building Consultant Inc., which previously had its licence revoked, has been issued a freeze order by the HCRA.
Nova Scotia builds modular housing for health workers
The Nova Scotia government will build prefabricated homes at sites near two hospitals as part of a $45-million program to address housing shortages for health-care workers. Twelve modular homes will provide housing for about 25 health workers' families.
Home sellers will confront new market realities this spring
Home sellers are awakening to a new, sobering reality in the spring market: the era of frenzied bidding wars and soaring profits in urban centres appears to be receding, replaced with navigating price cuts, lukewarm buyers and mortgage-approval challenges.
Young people paying 'astronomically high living expenses'
Younger Canadians are willing to make sacrifices to own a home but insolvency trustees say many should consider renting. Rob Kilner, Spergel insolvency trustee, sees “entitlement” among younger people with salaries that have not kept pace with rising home prices.
Editorial: Ontario turns its back on a housing solution
At times Ontario's strategy to tackle the housing crisis is pedal-to-the-metal with full-throated statements about overcoming red tape, enacting policies to sweep aside environmental regulations, local planning concerns and override municipal authorities, in the name of getting more housing built.
B.C. Airbnb hosts generated $93M in taxes in 2023
B.C. tax revenue is declining with short-term rental restrictions according to Airbnb. Hosts renting in B.C. through the platform generated $93 million in taxes in 2023, $23 million in municipal and $69 million in provincial sales taxes.
Housing crisis, packed hospitals, food lines: In Canada?
Canada has long prided itself on its social programs, meant to reduce poverty and equalize access to core rights like health care, education, food and shelter. It is a major reason millions of people want to move to the country.
After exposing realtors, cancel the mortgage interest deduction
OPINION: The NAR has agreed to pay about $418 million to settle litigation related to real estate agent commission rates. So, now is the perfect time to take on that other inflator of home prices: mortgage interest deduction.
U.S. DOJ opens criminal probe targeting RealPage, landlords
The Department of Justice is reportedly launching a criminal probe into whether the apartment industry is unlawfully colluding to drive up rents, as troubles snowball for some of the biggest U.S. landlords and the software firm they engage.
Vienna may have answers to Canada’s housing crisis
Vienna is consistently ranked as the world’s most livable city. Its housing policy is regularly hailed as a renter’s utopia. It's also a city that is indeed unparalleled for the quality of its urban life and environment.
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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