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Chapter condos third residential build at Beedie’s Fraser Mills
Chapter condos third residential build at Beedie’s Fraser Mills
The third residential project at Beedie Living's master-planned Metro Vancouver community of Fraser Mills will be two six-storey wood-framed condo buildings designed to appeal to downsizers and new families. Prices will range from $569,000 to the mid-$900,000s.
P.E.I. aims to attract a modular home fabrication plant
The P.E.I. government is hoping to attract a private company to the island to build modular housing units. In a request for expressions of interest issued Friday, the province said it would provide a government-owned site for the facility.
Killer TD variable rate mortgage offer of 6.19 per cent
The nation’s second-biggest bank just launched a killer variable mortgage rate. Toronto-Dominion Bank’s new offer is 6.19 per cent for uninsured mortgages. That’s equal to Canada’s benchmark prime rate (7.20 per cent) minus a plump discount of 101 basis points.
Slowdown in DIY home projects weakens lumber markets
A slowdown in home repair and remodelling projects has weakened lumber markets, the latest setback for Canadian sawmills struggling financially with depressed lumber prices. Lower-than-expected housing starts in Canada and the United States have also eroded lumber demand.
Buyers of GTA dev. uncertain as it enters receivership
More than 1,000 condo and townhome units planned at Urban North Townhomes near the Barrie, Ont. GO station, developed by Richmond Hill-based Pace Developments, are in receivership. Some buyers sales agreements identified the first possible move-in date as July 2021.
Canadians are ditching manicured lawns for biodiversity
Canadians are increasingly replacing lawn to support biodiversity, reduce water use and shift to a more modern landscaping aesthetic. But change can be hard and social pressure strong – both factors that might dissuade people from starting.
Post pandemic, couple wanted clean indoor air for their home
An Arista Homes’ Oakpointe townhouse in Oakville, Ont. will be equipped with Panasonic’s Breathe Well solution, with spot purifiers that inhibit viruses, energy recovery ventilators that exchange indoor air with filtered outdoor air, and smart controls that monitor air quality.
Switching home insurance carriers can save you money
According to the Insurance Bureau of Canada, 2022 was the third-most expensive year on record, with $3.1 billion being paid out in claims for damages from severe weather events, up from $2.48 billion in 2021.
Densified earlier, Mount Pleasant is in the crosshairs again
OPINION: In a Mount Pleasant enclave along West 10th and West 11th Avenues, there stands some of Vancouver’s most pristine heritage houses, pink, blue and yellow Victorians and Edwardians, and several coach houses, as old as the 1890s.
Victoria only city so far to pass B.C. home-building target
Six months after the B.C. NDP government announced ambitious targets to force municipalities to greenlight, several are falling short — but at least one, Victoria, has exceeded those targets. The 10 communities initially tapped are required to report progress.
B.C. $40M loan program for creating secondary suites
British Columbia opened applications last week for a $40-million low-interest loan program to help homeowners build secondary suites, as part of its efforts to generate more affordable housing in the province.
B.C. adopting mobile home-owner protections
About 43,000 B.C. households are what Statistics Canada calls movable dwellings, including mobile homes and dwellings such as houseboats, recreational vehicles and railroad cars. Many are owned outright by individuals, but located on somebody’s else property.
Ottawa sending affordable-housing funding directly to cities
The federal government says it will withhold $357 million in affordable-housing funding from Ontario and instead send it directly to cities, after Ottawa said the province failed to commit to a target of building almost 20,000 units.
Windsor townhouse dev. seen as move toward 'small Toronto'
Ian McGuire's south Windsor property backs onto a wooded area where an 86-unit townhouse development is proposed. He's lived there for roughly 25 years and says he never would've moved there had he known about the development.
The 'bonus year' can reduce your capital gains tax
Suppose you own a home and a cottage at the same time for 20 years and both increased equally in value. You sell your home (principal residence) tax-free and move into an apartment. Now your cottage is the principal residence.
Most expensive listed home drops $10M from its price
A Vancouver house is currently the most expensive single-family house on Canada's real estate market even though $10 million has been knocked off its price. The home at 4838 Belmont Ave is currently listed for $49.8 million.
The Canadian dream of owning a home is fading
Poll after poll has shown that homeownership is important to Canadians. Yet for many millennials and gen z that dream is fading because of a “perfect storm” of challenges that is making it harder for them to get on the property ladder.
Income to buy a home exceeds $250,000 in Calf. metros
According to U.S. based Realtor.com April housing data, the national required household income to purchase a median priced home rose to US$116,000, up US$5,900 from 2023, after accounting for the cost of tax and insurance.
No major U.S. metro has falling home prices
The median home-sale price rose, or stayed the same from a year earlier in 50 major U.S. metros during the four weeks ending April 28, the first time that has happened since July 2022 according to a recent Redfin report.
The best time to sell a home, first half of the year
ATTOM released its annual analysis of the best days of the year to sell a home, which shows that based on home sales over the past 13 years, the months of May, February and April offer the highest seller premiums.
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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