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More Ontarians delaying new home purchases: Tarion
More Ontarians delaying new home purchases: Tarion
More Ontarians indicated they are delaying purchasing new or pre-construction homes, and the flight from urban centres due to the COVID-19 pandemic may have reversed, according to a survey by the Ontario consumer protection agency Tarion.
Property insurer Intact rolls out fireproofed homes pilot
Canada’s largest property and casualty insurer, Intact Financial Corp. (IFC-T) is rolling out a new fire prevention pilot project this summer that will deploy trained fire experts to homes in Western Canada that are in the line of active wildfires.
Fear of sinking real estate values hinders flood mapping
An East Coast researcher has found many people oppose flood-risk mapping because they fear their real estate will be devalued. That was the result of two surveys led by Kate Sherren, a professor at Dalhousie University.
Building a home in Ottawa might cost an extra $12K
Ottawa's development industry is feeling sticker shock from a proposed hike for the charges that pay for new roads, water pipes, libraries and parks, with experts warning the extra $12,000 could stop homes from being built.
Atlas Structural Systems to open new N.S. facility
Work is continuing on a new Atlas Structural Systems manufacturing facility in Mount Uniacke, N.S. The 90,000-square-foot building will serve as an off-site construction facility for prefabricated wall, floor and stair panels used to build homes and multifamily buildings.
CMHC beats NHS targets for new homes in 2023
Last year, Canada Mortgage and Housing Corp. (CMHC) exceeded its targets under the National Housing Strategy (NHS), a 10-year plan launhed in 2017, despite what it called “significant economic challenges,” according to its annual report released on Monday.
Projects called ‘shovel-ready’ last year still not started
Toronto City Hall announced in August 2023 it would break ground on the first development of its marquee affordable housing program — with two more “shovel ready” sites to begin construction by year’s end. But work has still yet to begin.
Toronto bungalow in fancy neighbourhood listed for $4M
The birds are chirping and the sun is shining, which means Toronto real estate is start heating up. This year is no different – and we are seeing homes come on the market that have no business being that expensive.
GTA, Hamilton home sales down in April, new listings surge
The Toronto Regional Real Estate Board says home sales in April were down five per cent year-over-year but new listings surged. The board says 7,114 homes changed hands in the month compared with 7,487 last year, noting April 2023.
Montreal home sales up 25% in April, at historic average
Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with April 2023, with levels returning to historical averages. April home sales totalled 4,688 up from 3,734 in April 2023.
Greater Van. home sales well below 10-year avg. for April
Greater Vancouver’s real estate board says the 2,831 homes that changed hands in April, rose 3.3 per cent from the previous year's 2,741 sales but total sales were still well below the 10-year average for the month.
Metro Van. urban sprawl contained in past decade: StatCan
B.C. saw the largest drop in single-detached homes being built, as compared to other Candian metropolitan regions, between 2016 and 2021. Ninety-nine per cent of recently built homes are in populated, leaving little to so-called urban sprawl.
Rural Ontario mayors say they can help housing crisis
Centre Hastings Mayor Tom Deline's message to senior governments is if you want to combat the housing crisis, stop focusing on urban communities. Fellow Hastings County Mayors say getting their hands on funding has proved difficult despite efforts and expense.
Condo depreciation report rules differ within B.C.
There are two zones with separate dates for the completion of deprecation reports in B.C. In Metro Vancouver, Fraser Valley and Capital Regional District of Victoria, the deadline is July 1, 2026. For the rest of the province, a year later.
Litany of lawsuits blame former B.C. condo owners for fire
Two years after a catastrophic condominium fire forced more than 160 people from their homes in Abbotsford, B.C., more than 20 displaced residents are suing three former neighbours, claiming prohibited barbecues and smoking in their units sparked the flames.
Airbnb expert says the B.C. crackdown not a housing crisis
New short-term rental rules came into effect May 1 in B.C. but an Airbnb expert doubts they will significantly alter the housing crisis. The province introduced the highly touted short-term regulations promising to return thousands of homes to the market.
Housing non-profits in Quebec demand property tax relief
Faced with a shortage of affordable housing, Montreal has been offering inducements to build to an old ally — the non-profit sector — by streamlining permit requirements and fast-tracking their projects. Some boroughs are even waiving permit fees for non-profit buildings.
Underused Housing Tax not right for Whistler's economy: realtor
A Whistler realtor speaking on behalf of the Whistler Real Estate Co. and Tourism Whistler made the trek to Ottawa recently to request the federal government consider an exemption for Whistler from the federal Underused Housing Tax.
London mortgage brokerage faces fines of $110K: regulator
London, Ont.'s Forest City Funding, which brokered nearly 6,000 mortgages worth more than $2 billion in 2022, and its sole director William Handsaeme, face potential fines of $110,000 following an investigation by Ontario’s Financial Services Regulatory Authority.
Growth in immigration hits a housing crisis wall, not just in Canada
For decades, the inflow of migrants helped countries including Canada, Australia and the U.K. stave off the demographic drag from aging populations and falling birth rates, an approach that is failing due to housing shortages and high cost of living.
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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Canada Real Estate Auction
Oct 22 2024
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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Housing Central Conference
Nov 18 2025
to Nov 20 2025
Sheraton Vancouver Wall Centre Hotel, BC
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