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Red tape slows new housing delivery across Canada: CFIB
Red tape slows new housing delivery across Canada: CFIB
Housing supply in Canada is constrained by layers of municipal permitting processes that take up valuable time and money, according to a report released today by the Canadian Federation of Independent Business.
Construction cost hikes eased in 2023: Altus
Construction costs loosened their tight squeeze on the Canadian development sector in 2023 and may ease up further over the next 12 months, according to the 2024 Canadian Cost Guide released by Altus Group.
Real estate commission price fixing class action expands
A class action alleging price fixing commissions within the residential real estate industry now covers all of Canada. The Statement of Claim filed in the Federal Court on January 19, 2023 alleges real estate boards are responsible for this misconduct.
Ont. requiring schools to guarantee foreign student housing
Ontario, home to half of Canada's foreign students, will require all colleges and universities to guarantee housing is available for incoming cohorts. The move followed a cap on international student visas recently imposed by the federal government.
Bedroom-less Hamilton condo listed for $525,000
A condominium that looks like a hotel room is listed for $525,000 on Leland Street in west Hamilton, just south of McMaster University. The unit, added to the local market in January, has 332 square feet of living space.
A large laneway home receives approval in Toronto
A luxury homebuilder in Toronto purchased a bungalow on a 30-by-156-foot property for $2.45 million to make way for a 6,000-square-foot home, still under construction, and what may be Toronto's largest approved laneway home.
Lunenburg, N.S. advances planning for up to 368 new homes
Lunenburg's town council will gather more details on what a major new development could mean for local taxes before starting the process to sell public land for the new neighbourhood called Blockhouse Hill.
Experts say B.C.’s upzoning results are highly uncertain
OPINION: One of the biggest questions going into 2024 is how the B.C. government’s new legislation to significantly boost density will play out. A Metro Vancouver staff report to its regional planning committee has cited several concerns about the legislation.
Edmonton inches forward with new zoning bylaw
Edmonton introduced one of the most significant new land-use bylaws in October, 2023, and on Jan. 1 it came into effect, allowing a shift in as-of-right zoning of single lots in residential areas to allow for multi-family dwellings.
Houses in new community demolished due to alleged defects
The demolitions are the latest chapter in the saga of TerraceWood, a housing development launched in Meaford, Ont. in 2015. The "boutique" subdivision was built by Third Line Homes and endorsed by celebrity contractor and popular TV host Mike Holmes.
Condo owner suing Toronto over tenant's Airbnb licence
The City of Toronto is facing a series of lawsuits from landlords who claim their tenants should never have been allowed to list their properties on Airbnb without permission, alleging the tenants' attempt to profit from the short-term rentals.
Hamilton to go ahead with vacant unit tax in 2024
The City of Hamilton estimates over 1,000 property owners will be subject to the vacant unit tax, generating over $4M in year one of the program. After recouping program costs, the city will use money for other housing programs.
Buyers may flood market if house prices rise in 2024
Geoffrey Gilliver has never given up his property search, and even considered buying an abandoned church in King City, Ont. to turn into his family home. The father of two has looked at all types of homes.
Real estate sector in waiting game after BoC decision
The Bank of Canada’s (BoC) decision to keep its key overnight interest rate steady at five per cent for the fourth time was widely expected by the real estate sector, but will it bring buyers back to the market?
Trying to time mortgage rates when buying a first home
The truth is no one knows the future of interest rates – even the Bank of Canada is uncertain about timing of rate cuts. For first-time home buyers, it’s crucial to acknowledge that a crystal ball for mortgage rates doesn’t exist.
Quebec sawmills losing money as lumber demand drops
Quebec sawmills have not turned a profit for more than a year. After hitting record prices of US$1,500 per thousand board feet in 2021, the price of lumber now hovers around US$575 for the same amount.
Home staging companies adapt in slow housing market
One walk through a home tells Rachael Stafford what adjustments are needed to pique the interest of potential buyers. For Stafford, owner of staging company Order in the House, changes can range from decluttering, painting and repairs, to furniture rentals.
Once-strangers are designing, financing their own community
A group in Peterborough, Ont. is embarking on a co-housing project, a growing trend across Canada. Similar to a condo complex, co-housing residents would own their own suites but with an expectation that residents pitch in to manage the property.
In an RV outside a B.C. Walmart, a senior dreams of housing
Keith Light, 77, who has been on the BC Housing waiting list for two years, spent New Year’s Eve trying to get his recreational vehicle running to stay warm outside a Vancouver Walmart while trying to imagine better times ahead.
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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