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Luna Bay in Muskoka focuses on both end-users, investors
Luna Bay in Muskoka focuses on both end-users, investors
Market share is easier to attain when you’re the only game in town. That’s one factor RAM Development Group will be counting on when it launches a 60-unit cottage project in the heart of Ontario's Muskoka district in September.
Canada's new home supply could be cut in half: CHBA survey
The Canadian Home Builders Association's Q2 survey found that home builder sentiment remained negative for an eighth consecutive quarter. As a result of weak demand, most plan to significantly reduce the numbers of homes they build — by half on average.
Young GTA buyers shift to suburban homes
Many younger buyers entering the market are opting out of the risk of investing in a condominium and going for a townhome, semi-detached home or even detached home in an affordable Greater Toronto Area community.
Who's afraid of the big bad variable rate mortgage?
For 27 months, from March 2022 to June 2024, those with variable-rate mortgages watched in dread as Canada’s benchmark prime rate climbed a mountain and then stayed at its peak. Now we’re on the back side of that mountain.
GWLRA plans to keep building apts. in North Vancouver
GWL Realty Advisors is one step closer to bringing a new purpose-built rental apartment building to market after receiving unanimous approval to move forward with increased density from the City of North Vancouver.
Feds plan to lease 56 properties for affordable housing
The federal government has added 56 properties, including former military bases, Canada Post sites and federal office buildings, to a new public lands bank of locations that are suitable for long-term leases so developers can build affordable housing.
Home builders plead for relief as costs soar
OPINION: It’s routine for developers to complain about regulations, but the tenor of complaint is more frantic these days. They’re warily watching Toronto’s capsizing preconstruction condo market – taking on the burden of high costs – with a wary eye.
What are the solutions to the GTA’s housing crisis?
COLUMN: High interest rates have had a significant impact on the Greater Toronto Area, slowing demand for new homes by half, compared to historical averages, writes Dave Wilkes, president and CEO of the Building Industry and Land Development Association.
Income needed to buy a Calgary home down slightly
RateHub.ca calculated a drop in income needed to buy a home in Calgary from June to July of almost $1,700, with a total income needed close to $119,000.
Edmonton named best city for 'rentvesting'
Zoocasa suggests Toronto residents "rentvest" in Canadian cities by purchasing a property in a more affordable city and renting it out, while simultaneously renting in a more expensive city. Edmonton is the most affordable option.
Nova Scotia looks to reduce ‘over-subsidization’ of rent
As of last week, low-income Nova Scotians spending at least 40 per cent of their income on rent are eligible for the Rent Supplement Program, down from 50 per cent previously.
Collingwood wants residents to add apartments to homes
The Town of Collingwood, Ont. is again asking residents to consider adding an apartment to their home and offering cash for those who do. The town will give homeowners $10,000 toward the cost of adding an apartment.
Complicated math for investors with tiny condos
On one hand, owners renting out Toronto's smallest units are most likely to be able to cover monthly expenses. On the other hand, studios, the smallest condo units, have seen the steepest annual declines in recent leasing rates.
A mortgage renewal storm on the horizon in Quebec
The looming wave of mortgage renewals will resemble a storm due to a contradictory interpretation of Quebec's Notarial Act, real estate brokerage experts fear. Notary representatives, however, are not on the same wavelength.
Bad news for sellers may be good news for buyers
With less competition for homes in play, properties have remained on the market longer. The longer a house is on the market, the better the chances are that a seller will be forced to accept sales contingencies.
A parents’ guide to home down payment gifts and loans
Statistics show an increase in down payment help from parents in recent years. A CIBC study found that 31 per cent of first-time home buyers received financial support from family. Financial support currently averages $115,000.
Terra Firma announces 6 new land banking investments
Toronto-based Terra Firma Capital Corporation has announce six new land banking investments in the U.S. The investments, located in Arizona, Texas, Washington D.C., Tennessee and South Carolina, total close to $70 million US.
U.S. new home sales rise to highest level in more than a year
New U.S. home sales jumped 10.6 per cert to a seasonally adjusted annual rate of 739,000 units last month, the highest level since May 2023, the Commerce Department said. It was also the sharpest increase in sales since August 2022.
What lower mortgage rates mean for U.S. homebuilders
U.S. mortgage rates have fallen lower, with the 30-year fixed-rate mortgage now below 6.5 per cent and the 15-year fixed-rate mortgage below 5.65 per cent. This gives some relief to potential homebuyers but adds more competition to homebuilders
Why realtors should embrace AI diversity
If one AI model consistently produces poor social media posts for first-time homebuyers, exploring alternative models could yield better results rather than waiting for improvements in a single system.
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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