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CountryWide adapts Sora Vista in Vaughan to new housing market
CountryWide adapts Sora Vista to new housing market
Launching a development around rising interest rates and the soaring cost of living is a tricky endeavour, but CountryWide Homes found a way upon releasing Sora Vista in Vaughan, Ont.
Cantiro takes over Morrison Homes' holdings in Edmonton
Cantiro Homes, one of Edmonton’s largest home builders, has purchased the assets and land positions of Morrison Homes in a multi-million-dollar deal. Cantiro president Ryan Smith says the sales transaction was completed June 1.
Banks are expecting a wave of mortgage defaults
The mortgage crisis has hit Toronto homeowners hard. Household debt is near record levels and unemployment is inching upward, creating a precarious environment for over-leveraged homeowners. Already, some are losing their homes.
London home building more than doubles 2023 pace
Home construction in London, Ont. has more than doubled in 2024 over one year prior, newly released figures show. The city issued permits this year to the end of June for 1,565 new homes.
What the average Cdn. home is expected to cost in 2025
Based on this year's trends, impending interest rate cuts and other factors, the Canadian Real Estate Association is calling for the cost of the typical home to increase in every province next year, with Alberta seeing the biggest jump.
Canadian real estate market sees changes
VIDEO: Canada's real estate sector is slowing down, leading to reduced sales and price expectations by the Canadian Real Estate Association. Average rent is up by seven per cent, and the job market is challenging for students this summer.
Habitat28 shines light on modular home approval challenges
Modular homes have been touted by all levels of government as an option to help with Canada’s housing crisis. But Brantford, Ont.-based Habitat28 said it’s still a challenge to build them due to the amount of municipal red tape in place.
Tiny homes company wins $1M in Housing Supply Challenge
Resimate, an "additional dwelling unit" housing startup co-founded by Windsor native Sarah Cipkar and Montreal’s Adrien Gignac-Eddy, has received $1 million in funding for reaching the semi-finals in the fifth round of the national Housing Supply Challenge.
Toronto home sellers resist waiting for fall market
The Toronto-area real estate market tipped more decisively into buyers’ territory in June, but that has not dissuaded some sellers from launching their property in July in order to get a jump on the fall market.
Sellers are 'out in large numbers' in Ont. cottage country
Though home sales in the region around Ontario's Georgian Bay continue to decrease, the local realtors' association says there's more inventory now, so buyers have more options. The benchmark price for a single-family home in the region is $753,700.
A lot of fence sitting in Kelowna's real estate market
Despite a stretch of lacklustre sales, home prices in Kelowna, B.C. still manage to climb. The median price of a typical single-family home in the city in Q2 was $1.1 million, a 3.9 per cent bump from Q1.
Mississauga launches housing task force
According to the City of Mississauga, the Mayor’s Housing Task Force is “designed as a forum to discuss impediments, find solutions to the housing supply and affordability crisis in Mississauga and identify areas for partnership.”
Brampton to fine unlicensed landlords up to $1,200
Brampton, Ont. has announced updates to its Residential Rental Licensing Pilot Program. Non-compliant building owners will face a $600 fine for first offences, $900 for second offences, and a $1,200 fine for third and subsequent offences.
RHI funds support three projects in Sault Ste. Marie
The federal government has announced spending of $4 million through the Rapid Housing Initiative (RHI) to help build 38 homes in Sault Ste. Marie, Ont. The three projects are targeting vulnerable citizens, especially women and their children.
N.S. builder aiming for low rent on 2 new housing projects
Brela Construction, the developer of two new housing projects in Nova Scotia's Strait of Canso area says it's seeking every avenue to ease the financial burden on new renters. Brela says seniors' housing makes sense for the site.
What’s first, marriage or mortgage?
According to Point2 Realty Solutions Inc., an online real estate marketplace, even though renters report rising prices as the biggest obstacle to home ownership, almost half of Canadian renters are considering applying for a mortgage, alone.
Housing on track to be Canadians' biggest concern: Nanos
The latest survey by Nanos Research found that housing and the concern around the cost of housing is quickly overtaking jobs, the economy and the environment as the issue of top national concern.
Gen Z cuts retirement contributions to save for down payment
Increasing costs of homeownership are placing a strain on homeowners and their future plans, according to TD Bank. It found one-third of homeowners have reduced or stopped contributing to retirement savings to save for a down payment or home budget.
B.C. Realtor's licence cancelled after mortgage scheme
The provincial regulator responsible for policing B.C.'s real estate industry has ordered a former Realtor to pay $130,000 and cancelled her licence after determining that she committed a variety of professional misconduct.
Toronto’s world famous ‘Leslieville doll house’ is for sale
Shirley Sumaisar has displaying knick-knacks on the front porch and yard of her home in Toronto's Leslieville neighbourhood for over three decades. Now, the doll-adorned three-bedroom, semi-detached house is listed for $999,000.
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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