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One Roxborough West targets high-end Toronto condo buyers' market
North Drive targets high-end Toronto condo buyers' market
The high-net-worth homebuyer market in Toronto, Canada's economic engine, is significant but largely underserved in the city’s preconstruction condo market. Developer North Drive has, however, taken note and carved a niche within the sector in Southern Ontario’s crowded building industry.
Toronto new condo sales plummet to 27-year low: report
New condominium sales plummeted to a 27-year low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact inventory levels, a new report by a real estate research group Urbanation suggests.
Alta. sets record for housing starts in first half of year: CMHC
The Canada Mortgage and Housing Corp. (CMHC) says Alberta is boasting higher construction activity compared to last year, with housing starts up 54 per cent — setting a record pace over the first six months of the year.
BoC expected to cut interest rate again on Wednesday
The Bank of Canada (BoC) is expected to deliver a second dose of interest-rate relief this week, as inflation moderates and economic growth remains sluggish. Another rate cut would be good news for homeowners with variable-rate mortgages.
Toronto on the cusp of a major modular housing transition
Toronto is taking concrete action to accelerate modular and rapid-build housing construction. Within a few months, it will have an expanded roster of pre-qualified vendors who can quickly build housing that can be accessed and used by all Ontario municipalities.
Van. modular housing for homeless destined for Kamloops
The large modular housing complex that was removed this year from the future site of the new Vancouver Art Gallery is destined for Kamloops to replace an aging supportive housing building in that community.
Waterloo Region falling short in housing pledge
In order to reach their 2031 housing targets, Kitchener, Cambridge and Waterloo, Ont. should have added 17,500 new homes by now. However, the cities have started just 10,355 new homes, 59 per cent of the intended pace.
Canada's building plan may put pressure on home prices
Housing minister Sean Fraser says efforts to ramp up homebuilding may help bring prices down in some markets, although that’s not the objective. Fraser said he believes it’s possible to add more multi-unit buildings without dragging down the broader market.
How ‘rentvesting’ can help you buy a home
Historically, one of the most common ways investors make their foray into real estate investing is to rent out their own home in a less expensive market while renting a home for themselves in a pricier one. That's 'rentvesting'.
The best mortgage option for homebuyers right now
COLUMN: The best time to have taken out a three-year mortgage was a year ago. Today, two-year fixed-rate mortgages are the new ideal option for borrowers looking to take full advantage of incoming lower rates.
Are laneway homes the key to unlocking new Van. housing?
Builder Jake Fry has a simple idea that he believes could produce at least 30,000 new small homes in Vancouver over the next decade: let homeowners sell their laneway homes instead of being restricted to only renting them.
‘I can only drop the price so much’
Even after dropping the price of his condo by $50,000, Jeff Steinman has received zero offers, highly unusual for an apartment on Toronto's Charlotte Street, close to Spadina Avenue, one of 6,000 condos on the market in the city.
The ideal community for every type of buyer in Canada
Ottawa tops the list, known for its affordability, low crime rates and high household incomes. Other notable municipalities include Ontario's Simcoe area, Guelph, Barrie, Tillsonburg, Kitchener–Waterloo, Saskatoon, Edmonton, Halifax–Dartmouth and Winnipeg.
Calgary announces new $60M affordable housing program
A new Calgary housing program will make available $60 million for affordable housing initiatives over the next three years. Applications will be open until Oct. 10 to organizations seeking capital funding to build or acquire affordable housing.
The fastest route to home ownership runs through the trades
You’re 18, fresh out of high school, and you’ve got home-buying dreams. If your goal is to buy a home sooner in Canada’s wallet-draining housing market — and you don’t mind an honest, hands-on job — give the trades a serious look.
Oakville townhouse sold at massive loss
A four-bedroom, four-bathroom Oakville, Ont. townhouse was originally sold in September 2023 for just over $1.5 million. The home was sold below its listing price for $1.185 million in July — representing a loss of $315,000.
'Rogue' B.C. homeowners not suited for strata living: judge
In a years-long dispute between a B.C. strata corporation and what a B.C. Supreme Court justice termed “rogue” homeowners, the justice sided with the four-storey residential strata, saying some people just aren’t suited to strata living.
High school friends now accuse Vancouver real estate developer of fraud
A B.C. judge and doctor allege in a lawsuit they lost hundreds of thousands of dollars after investing in Port Capital Development's real estate projects, accusing the CEO - a childhood friend - and his companies of fraud and misappropriation of funds.
D.R. Horton soars to record on strong profit margin
D.R. Horton Inc. (DHI-N) shares soared to a record high after the U.S.'s largest homebuilder reported a stronger-than-expected quarterly profit margin, and expectations for lower mortgage rates lifted investor optimism.
U.S. homebuilder sentiment drops for third straight month
Confidence among U.S. homebuilders fell again in July as elevated interest rates weighed on sales and kept construction financing costs high, according to an index of housing market conditions from the National Association of Home Builders and Wells Fargo.
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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