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Assembly believes mid-rise modular housing is the future
Assembly believes mid-rise modular housing is the future
Assembly Corp. is using modular construction materials and techniques to fill the “missing-middle” housing gap by delivering mid-rise, laneway, garden suite and other more affordable housing projects and developments.
Annual pace of housing starts in May up 10%: CMHC
Canada Mortgage and Housing Corp. (CMHC) says the annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto. The seasonally adjusted annual rate of housing starts was 264,506 units.
90% of Canadian wealth now in the hands of homeowners
Canadian households were wealthier on average in the first quarter of 2024, according to Statistics Canada — but that doesn’t mean all Canadians became richer. Net worth climbed by $548.2 billion driven by strong equity markets and rebounding home values.
It’s more expensive to buy in Toronto than six months ago
It’s disappointing news again for first-time homebuyers: buying a home post-interest rate cut is more expensive than it was six months ago. Since January, the average Toronto home price has steadily increased by almost $140,000.
Housing vs. income in Vancouver over the past 30 years
The gap between housing prices and income in Vancouver has widened dramatically since the mid-1990s, according to a new analysis. The report, from RATESDOTCA, said while homes were tough to afford in 1994, the situation is now worse.
Vancouver is the only major city where rents are decreasing
While rents for one- and two-bedroom units are up five per cent on average across Canada, rents for one-bedroom units in Vancouver fell 1.9 per cent to $2,650 from last year. Vancouver rents remain the highest in Canada, however.
B.C. sees a balanced market as summer approaches
Last month in British Columbia, there were 8,075 residential sales, 11.6 per cent less than in May 2023, according to the B.C. Real Estate Association. The average listing was down to $1 million, a 1.5 per cent drop.
B.C. homebuilder insists on NDA before repairing damage
Homeowner Brad Schedel says VLS Developments, which damaged his Penticton, B.C. property while developing the property next door, is refusing to repair the damage unless he agrees to sign a non-disclosure agreement (NDA) first.
Proptech startup ResVR secures $1.7 million in funding
Last week, ResVR, a property technology (proptech) startup that enables homebuilders and developers to sell more upgrades through a visualization platform, announced a series of financings that closed a total of $1.7 million in aggregate.
Montreal’s historically low rental rates on the rise
There’s no doubt that rent is on a major upswing in Montreal, the country’s second-largest city. The average one-bedroom posting on Rentals.ca was $1,763 in May, up from $1,269 in May, 2019.
Why real estate needs to become a mediocre investment
OPINION: If home prices were to fall 25 per cent tomorrow, then immediately resume climbing at their average pace of the past couple of decades, we would be right back where we are now within five years.
‘The condo market right now is a ghost town’
There's suddenly a record number of homes for sale in Toronto that nobody wants. Realtor Jamie Page warned clients months ago that their condos' lake views might not be enough to bait a buyer. He’s not happy to be right.
Pickering mayor wants outdated zoning order withdrawn
Pickering Mayor Kevin Ashe has requested the removal of a decades-old Minister’s Zoning Order (MZO) that restricts development. In a recent letter, Ashe said the municipality’s focus must shift to building homes as part of Pickering’s plan for sustainable growth.
Ottawa's community housing model 'failing' some tenants
Ottawa Community Housing (OCH) is working on ways to provide help for tenants waiting to get into supportive housing, its CEO Stéphane Giguère told city councillors on Wednesday. About 3,000 of OCH's 33,000 residents need some sort of complex care.
Court rules pair can stay in $3.9M house for now
Two people who sold a $3.9 million home in Vancouver last year, but continued to live in it, can remain in it for now, according to a recent court decision.
Demolition of Dartmouth housing complex to begin
Parts of an expansive Dartmouth, N.S., apartment complex that was once home to more than 1,000 people and loved by tenants for its low rents will soon be torn down to make way for denser housing.
Canada’s cottage boom went bust. Are buyers returning?
As spring transitions into summer and cottage season gets underway, there are signs the post-boom market is stabilizing and would-be buyers may finally be ready to jump in, according to Royal LePage’s 2024 Cottage and Cabin Trends Report.
How far your dollar will go in Manitoba’s cottage communities
Manitobans not looking forward to another summer in the city may have their sights set on buying a cottage. Be it Gimli or Riding Mountain National Park, the province has no shortage of hotspots popular with buyers and sellers alike.
Here are Canada’s 3 most expensive recreational home listings
VIDEO: From lakeside cottages to mountain-view cabins, these properties highlight the top end of the market. The properties are located in: Whistler, B.C. ($19,500,000), Sunshine Coast, B.C. ($15,000,000) and Canmore, Alta. ($8,717,800).
Sudden $600K repair bill stuns condo owners
Residents of a condominium complex in Kanata are facing a giant bill that some say caught them off guard. The 40 condo owners learned repairs to railings and leaking glass solariums at the 40-year-old complex would cost $600,000.
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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