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Lack of available land worsens Ontario housing shortfall: report

9 months ago

Lack of available land worsens Ont. housing shortfall: report

Unless more land is made available for housing in parts of Ontario, the shortfall for grade-related housing could grow to over 200,000 units by 2051, worsening an already-existing problem, according to a report by Malone Given Parsons Ltd.

A Vancouver college's plan to develop much-needed housing

The largest and oldest community college in B.C., Vancouver Community College, has three campuses and roots dating back to 1965. Its facilities are getting old, so in 2018, the college started talking seriously about campus renovations that include new housing.

Ten year, $115M deal to build 40K homes in Vancouver

Prime Minister Justin Trudeau says his government has reached a funding deal with the City of Vancouver that could see more than 40,000 new homes built over the next decade and 3,200 new homes over the next three years.

Windsor declines four-plex option, turns down federal $70M

Windsor city council may have effectively turned down $70 million from the federal Housing Accelerator Fund after not agreeing to Ottawa's demand for changes to zoning rules to allow four residential units by right in single-family residential zones.

Carrington Homes, an Okanagan Housing Awards finalists

Carrington Homes leads the way with eight nominations for the 31st annual Okanagan Housing Awards. The awards, which are conducted by the Central Okanagan chapter of the Canadian Home Builders’ Association, celebrate the best projects of the year.

Sustainable future is in retrofits, conversions, not new builds

From greenhouse gas emissions to labour productivity and economic growth, many of Canada’s most pressing problems could be addressed through infrastructure already in place, according to panelists at a recent Canadian Urban Institute summit held in Ottawa.

Retrofitting Edmonton homes to become net-zero ready

As more people look for greener solutions, homes in Edmonton are being transformed to become more energy-efficient. The houses may look brand new, but some are more than 50 years old and only a step away from becoming net-zero.

Hamilton developer's condo plan indefinitely on hold

When Hamilton's City Centre was shuttered nearly a year ago, the developer said demolition would begin within weeks to make way for an "epic" four-tower condominium project. A year later, the boarded-up mall and its signature clock tower remain standing. 

FCM study finds funding for housing infrastructure critical

CMHC estimates 5.8 million housing units must be built by 2030 to restore affordability to 2004 levels. Research commissioned by the Federation of Canadian Municipalities (FCM) found municipal infrastructure required to support those units is $107,000 per home.

Low-density development carries much higher costs

OPINION: There are two major recommendations from the CHRM Consulting report on reducing our ecological footprint and create a One Planet Saanich and a One Planet Region: the need for energy efficiency, and energy-efficient transportation and reduced vehicle travel.

Court explains 'undivided half interest' in $750K house listing

A recent B.C. Supreme Court decision is shedding some light on a bizarre real estate listing offering "undivided half interest" in a five-bedroom home in Richmond for $750,000. The listing made headlines last month due to the strange arrangement.

Residents of evacuated condo saddled with $750K repair

Owners and tenants were ordered to vacate Castledowns Pointe at 12618 152nd Ave. in Edmonton in September. Engineers investigating the damage caused by a recent fire determined the four-storey building was at risk of collapsing.

Ontario plans to combat lien 'abuse' costing homeowners

Abel Cheung didn't anticipate that signing up for a simple water filter rental would force him to pay $11,000 when he refinanced his home. The Ottawa-area man rented the filter system in 2019 from a door-to-door sales representative.

Home sale without consent results in $300K in penalties

A fraudulent scheme that saw an unoccupied home in Richmond, B.C., sold without the owner's consent has led to more than $300,000 in discipline penalties and costs for the real estate agents and brokers involved. 

B.C. mortgage broker fined $50K, suspended 3 months

A B.C. mortgage broker has agreed to pay more than $50,000 to a professional regulator after admitting to submitting "misleading" applications to lenders. Hou Yin Ho admitted to conducting mortgage business "in a manner prejudicial to the public interest."

Annual pace of housing starts down 22% in Nov.: CMHC

The pace of housing starts in Canada fell by 22 per cent in November, according to Canada Mortgage and Housing Corp. The monthly seasonally adjusted annual rate of November housing starts were 212,624 units, down from 272,264 in October.

November housing starts in Ottawa-Gatineau dip by 34%

Ottawa-Gatineau’s annual pace of housing starts fell 34 per cent last month compared with October.  According to Canada Mortgage and Housing Corp., the seasonally adjusted annual rate of housing starts in November was 10,106, down from 15,400 the previous month. 

Léger poll indicates Que. real estate losing its allure

Home ownership remains a goal for Quebecers — but deteriorating affordability has somewhat dented real estate’s allure. A Léger poll found 22 per cent of Quebecers plan to buy residential real estate by 2030, down from 25 per cent in 2020.

Canmore wants borrowing to build affordable housing

The Town of Canmore is asking Alberta Municipal Affairs to change the law so it can build more affordable housing faster to solve a situation which has priced residents with lower and middle incomes out of the real estate market.

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