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Caivan's prefab Summit Series homes cut build times, costs

1 week ago

Caivan's prefab Summit Series homes cut build times, costs

Factory producing major components for its Summit Series of homes is allowing Ottawa-based Caivan Homes to dramatically lower construction costs, shorten timelines and offer new homes for sale starting at just under $350,000.

Housing costs continue to outpace what Canadians can afford

Housing affordability promises to hurt just as much in 2025 as last year, a new survey suggests, with the gap between what people say they can comfortably pay for mortgages and rent and what they are paying hitting astronomical spreads.

Could AI and robotic arms boost lagging home construction?

Ramtin Attar is standing inside an unremarkable warehouse, looking at some robots he believes could be revolutionary for the construction business. In front of him, a set of four robotic arms are assembling the walls, floors and roofs of houses.

Proposed mid-rise targets need for 'missing middle' in London

A new mid-rise apartment building planned for London is intended to address desire for “missing middle” housing. Tricar Group plans to combine what are now five single-family lots to build a six-storey, 67-unit building at 1378-1398 Commissioners Rd. W.

P.E.I. firm leans in to modular housing's potential

A Prince Edward Island-based architect is seriously exploring the potential of modular housing. Nine Yards Studio has completed five modular buildings — two affordable rental apartments, two emergency shelters and one office building — since 2020. 

Help available for B.C. owners who want to add a rental suite

Homeowners in B.C. who want help covering the cost of converting an unused basement into a rental apartment, or a garage into a laneway home, can tap provincial or federal loan programs aimed at increasing the housing supply.

Metrolinx expropriating dozens of Toronto properties

The expansion of Toronto’s subway system is forcing dozens of homeowners to sell their properties to the provincial government, more than 100 renters to find new apartments and the planned relocation of an elementary school.

Uptick in Vancouver home sales caps ‘pivot year’ for market

Greater Vancouver home sales rose 31.2 per cent on a year-over-year basis in December, capping a “pivot year” for the market that saw the number of homes changing hands in the region tick higher.

Montreal has experienced a decade of surging home prices

Over the past decade, the price of a single-family home on Montreal Island has nearly doubled, rising by more than 91 per cent between 2014 and 2024. The price of condos and plexes has also seen strong growth.

Average price for a home in Edmonton area climbs to $540K

The average price of a detached home in and around Edmonton rose to $540,000 in December marking a 10.6 per cent overall increase in 2024, says the latest monthly report from the Realtors Association of Edmonton.

Detached home prices near Calgary outpace the city

If you thought home prices had surged in Calgary over the past year, some nearby spots have seen an even larger spike in their detached benchmark price. Four surrounding communities outpaced Calgary - High River, Strathmore, Chestermere and Okotoks.

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