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ATCO acquires NRB, Canada's largest modular builder
ATCO acquires NRB, Canada's largest modular builder
ATCO Structures has acquired Dexterra Group’s NRB Modular Solutions — a $40-million bet it’s confident will pay off in a country beset by exorbitant building expenses, home prices and labour shortages.
$4.7B deal to boost housing construction in Ontario
After months of squabbling, Canada’s three levels of government came together to finalize $4.7 billion in funding to boost housing construction in Ontario. The Canada Community-Building Fund, formerly called the gas tax fund, was renewed for five years.
Will the BoC's interest rate cut spur the housing market?
When the Bank of Canada (BoC) cut its overnight lending rate last week, the response from housing experts largely fell into two camps: those who believe that relaxing rates will buttress the struggling markets, and those who don't.
Average asking rents in Canada reach record $2,202
A new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent over last year. It marks the first time average asking rents surpassed $2,200.
Ottawa home prices up 0.8% in May
The Ottawa Real Estate Board says home prices ticked up slightly in May, but overall sales levels were down. The average price of a home sold in May was $690,683, up 0.8 per cent from last year.
Buyers are slowly returning in Quebec
For a month and a half, customers of Ratehub, which offers online mortgage services, waited for the June 5 interest rate announcement before taking out a mortgage loan, Philippe Simard, mortgage director for Quebec, said.
Staff urge Toronto council to move on 6,000 new homes
Toronto city staff are urging council to pump $351 million into construction of 6,000 homes for low-income tenants and young families. Their plan is for purpose-built rentals — sidelined for decades — to become the most common form of Toronto rentals.
‘Just let us build’: municipal hurdles stifling modular builders
A panel of off-site modular leaders at a recent Affordable Housing Summit agreed part of the solution to the housing crisis is to manufacture homes in factories, but before that can happen there are hurdles, especially at the municipal level.
Don't expect a construction surge quite yet
The development industry across Canada has slowed down significantly, and the high cost of borrowing is cited as one of the biggest culprits. Experts say, however, that even with the rate cut, a construction boom is not expected immediately.
Quebec City and Edmonton top relocation choices
Edmonton is the top-ranking relocation destination among residents in the Greater Toronto Area and Greater Vancouver, a survey from Royal LePage found, while Quebec City is the top choice of those hoping to move out of Greater Montreal.
Saskatchewan outlook bright as markets adjust to demand
Strong population growth and improvement in office markets are grounds for optimism among brokers. “In the last 24 months, there’s only two markets that’ve had positive absorption in the downtown, and that’s Regina and Saskatoon,” Richard Jankowski of Colliers said.
Fraser Valley inventory at highest levels since before COVID
In April, the number of active listings in B.C.'s Fraser Valley hit levels not seen since September 2020. Now, according to May statistics from the Fraser Valley Real Estate Board, listings have hit levels not seen since September 2019.
Mississauga announces free garden suite building plans
The City of Mississauga has announced the newest step in its Housing Action Plan: free design plans for garden suites. The program is meant to kill two birds with one stone.
Hamilton builders group laments funding ‘disconnect’
Hamilton politicians have a new streamlined process to fund housing, but non-profits say provincial dollars remain a vexing challenge. A coalition of housing providers says it could build 400 supportive-housing units quickly, but needs $24 million in provincial funds.
Can churches help solve Canada's housing crisis?
Leveraging the value of some pretty pricey real estate means the church, the guys with the big cheques and the great mass of Canadians who desperately need an affordable place to live could all get what they want.
Ottawa vacant unit tax brings in way more than forecast
Ottawa's vacant unit tax is raking in millions more than expected, leaving some residents and one city councillor wondering whether it's a fix for the housing crisis or simply a cash grab.
Quebec moves forward with a three-year moratorium on evictions
Quebec has passed a bill imposing a three-year moratorium on evictions to protect more seniors from this practice. The law from Minister of Housing France-Élaine Duranceau improves protections for seniors who have lived in their homes at least 10 years.
'This is Kingston's Homes for Heroes Village'
Some of its residents have already moved in, but the new Homes for Heroes housing development officially opened Tuesday. Kingston is the third city in Canada, after Calgary and Edmonton, to have a housing development dedicated to homes for veterans.
Homeownership costs in U.S. jumped 26% since pandemic began
The cost of owning a home in the U.S. has increased 26 per cent since 2020. The average annual outlay for owning and maintaining a typical single-family home — not including mortgage payments — totalled $25,000 in March, according website Bankrate.
Real estate investments in China are hemorrhaging value
In his famous, profanity-laced rant from Glengarry Glen Ross, Alec Baldwin’s character exhorts employees at a struggling real estate firm to “Always Be Closing.” For decades in China, this was less a mantra for realtors than a statement of fact.
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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