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Housing co-ownership pioneer Ourboro plans national growth
Housing co-ownership pioneer Ourboro plans national growth
Ourboro, a Toronto-based shared equity investing company founded in 2019, says it is introducing a co-ownership model for housing to Canada that aims to widen access to shelter and intergenerational wealth.
Some first-time B.C. homebuyers to get tax exemption
British Columbians purchasing their first home will be eligible for a tax exemption saving them thousands of dollars starting next month. First-time homebuyers purchasing homes priced up to $835,000 can avoid paying property transfer tax starting April 1.
These American cities will pay you to move there
Relocation packages, some in the five figure range and others with homebuyer incentives, are being offered by certain U.S. municipalities. Worker relocation incentive programs target households with geographic flexibility offering financial incentives and other perks such as gym memberhsip.
A $1M home in Canada vs prominent U.S. cities
Many folks are considering leaving Canada for the USA thanks to the cost of living, and it’s easy to see why when you compare the price of a $1 million home in both countries’ most prominent cities.
Missed mortgage payments, consumer insolvencies soar
Credit rating agency Equifax Canada revealed that mortgage delinquencies shot up in Q4, and have now risen past pre-pandemic levels in Ontario and B.C. The Office of the Superintendent of Bankruptcy data shows business and consumer insolvencies rose in January.
Coco fights deluge of homebuyers unable to close deals
Starting in November 2022, Coco Homes filed more than two dozen claims related to houses it built at the River Ridge Estates project in Lakeview, Ont., followed by failures to close and complete transactions in fall and winter 2022.
Discount-price condo purchasers sued by B.C. Housing
Built with a $53-million low-interest loan from the province to underwrite the below-market sale of family homes, Victoria's Vivid condominium development was supposed to be a new model for affordable housing in B.C.
HCRA refuses licence application
The Home Construction Regulatory Authority (HCRA) has refused to grant a licence to Dynasty Home Builders Inc. after discovering the owner had ties to the principals of Albion Building Consultant Inc. which previously had its licence revoked by the HCRA.
Conestoga buys Waterloo sites for student housing
In an effort to expand student housing, Conestoga College says it has bought two properties and leased another in Waterloo, Ont. The college has secured a total of eight properties in the last 10 months to increase its student housing.
26-year-old tech founder to cash in on U.K. student housing
All might seem well in the U.K. purpose-built student accommodation universe. But against a backdrop of inefficiencies, pitfalls and potential, one proptech founder completed the largest seed funding round in the history of the U.K. student sector last year.
U.S. developer sues Windsor over nixed student housing
Ohio-based Fairmount Properties LLC is suing the City of Windsor after council nixed plans to convert the Grace Hospital site into student housing, saying it has "no choice" but to pursue the city in court to quash "secret in-camera resolutions."
Home insurance in the U.S., a hidden crisis in housing
A growing number of insurers are cutting their business in areas with more intense and frequent natural disasters and state-imposed limits on insurance rates. Homeowners in these risky places are now more likely covered by state-created, “last resort” insurance programs.
A dryer fire was the catalyst for a house rethink
Architect Francesco Martire and interior designer Nadia Cannataro, co-founders of large [medium] design office, found Mary Smith, her wife and their two children gobs and gobs of space in their downtown Victorian semi-detached, also adding ceiling height and natural light.
5 of the most expensive houses in Calgary right now
If you have deep pockets and are in the market for new digs in Calgary, check out these incredible (and expensive) properties for sale. Even if they're not in your budget, they are incredible to admire and dream about.
More small towns will soon be able to choose immigrants
More than 5,100 newcomers have received permanent residence through the rural and northern immigration pilot program, which is designed to help communities address local labour shortages. The vast majority have remained in communities where they were recommended for permanent residence.
N.B. assessment costs adds millions to property tax bills
New Brunswick property tax bills continue to arrive in the mail across the province, raising questions about a growing charge placed at bottom of the invoice. Shaun Underhill almost missed the $42.78 "cost of assessment" fee.
Executing B.C.'s new housing legislation 'very challenging'
City halls across Metro Vancouver are facing a daunting mountain of work as municipalities implement new housing legislation passed by the provincial government. The challenge was highlighted by Coquitlam city manager Raul Allueva at a recent Urban Land Institute event.
Edmonton deals with bylaw 'tensions' around applications
Neighbourhoods across Edmonton are starting to see the effects of changes to the city's zoning bylaw, and at least one homeowner is unhappy with the potential that a four-storey apartment will be built next to her house.
Ont. building owner fears over $26K lost in tenant eviction
A building owner in London, Ont. says she has lost $26,000 due to a delayed Landlord and Tenant Board hearing, required to evict a tenant given notice to leave months ago so her daughter and caregiver could move in.
Cornwall's housing hub approach gets some pushback
The City of Cornwall, Ont. wants to open the former Vincent Massey Public School, purchased by the city last summer, as a supportive housing site this autumn but some residents are worried that community outreach isn't going to be adequate.
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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