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Toronto's new 60-unit as-of-right unlikely to have major housing impact
T.O.'s new 60-unit as-of-right unlikely to have major impact
Toronto's move to double as-of-right zoning density to 60 units for multifamily housing along major streets is getting mixed reviews from the development industry, with some contending systemic processes and delays will negate the improvements to building economics.
Nesto buys Canada's third-largest mortgage finance company
Digital mortgage lender Nesto has acquired the third-largest mortgage finance company in Canada, CMLS Group, which it says makes it the largest technology-enabled lender in Canada. The acquisition will allow Nesto to offer both residential and commercial mortgages.
What happened to all the real estate investors?
OPINION: It would help housing affordability if real estate investors take a break. There’s a sign this is happening. When readers were recently asked about the best place to invest, just 1.7 per cent selected real estate.
Ontario mulls changing how it counts new housing starts
Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding.
Canadian real estate weakness mostly in Ontario, N.S.
House price declines in Ontario and Nova Scotia in May were so large they pushed the whole country's composite benchmark lower. Ontario's benchmark fell 0.2 per cent, while Nova Scotia saw a 1.7 per cent drop.
Alberta housing starts on pace to set record
Canada’s housing starts were up 10 per cent in May, according to new data from CMHC, with Alberta on pace for a record-setting year. In Alberta, 4,113 housing starts were reported, making it the province's busiest month on record.
What can mortgage holders expect after the BoC rate cut?
The borrowers most affected by the Bank of Canada’s (BoC) rate direction are those with variable mortgages, which have interest rates that fluctuate based on the lender’s prime rate, which is in turn set by the BoC’s benchmark rate.
It's prime time to haggle for better mortgage rates
Falling money market rates and yields have blessed lenders with fatter profit margins than they’ve seen in months. That means it’s prime time to haggle. Always demand better than a mortgage salesperson’s first offer.
What you need to earn in a year to buy a house in Toronto
A new report from Ratehub.ca has put this amount at a whopping $215,920 per year as of May 2024 based on current home prices, as well as interest and stress test rates, with a 20 per cent down payment.
27% of Van. renters pay over half their salary on rent: report
A report suggests that 27 per cent of renters in Vancouver are spending more than half of their net income on rental costs, well above the national average of 16 per cent.
Vancouver housing troubles make for hot summer reading
OPINION: How the city’s housing has become so unattainable for local income earners is a constant debate, as is how to fix it. The authors behind three new books, released in time for summer, have their own theories.
The Quebec village that turned into a city
Saint-Apollinaire, Que.'s population increased by 30.4 per cent between 2016 and 2021, and now sits at 9,000. But the price of houses in the city is out of reach for the majority of families.
Newcomers are among most prepared for buying a first home
RBC’s 30th annual Home Ownership Poll, which found newcomers are among the most eager and optimistic of prospective first-time buyers, is not news to anyone working in Calgary’s real estate market.
Seniors turning to life leases, but pitfalls remain
A growing number of Canadian seniors are selling their houses and putting the proceeds into an upfront payment on an apartment they can live in for the rest of their lives. But there's a catch.
Half-finished Ont. home built without permit on sale for $850K
In its sales listing, the single-family duplex in Hamilton is billed as a promising investment opportunity, located in a desirable west Mountain neighbourhood close to shops, schools, parks and transportation routes.
Adapting technology to a new real estate landscape
The real estate sector is undergoing a transformative shift, driven by technological advancements collectively referred to as “proptech” (property technology). These innovations are reshaping how we live and work, emphasizing sustainability, data-driven decision-making and adaptability to new lifestyle preferences.
Lawyer couple accused of stealing millions from homebuyers
Toronto law firm Cartel & Bui LLP has been shut down, lenders have moved to seize their family homes, and they're facing 15 lawsuits and a police investigation after millions in client money went missing from the firm's trust accounts.
Horrifying rental is just a storage area disguised as a room
A storage area in a Mississauga apartment has been listed for $750 per month. While advertised as a “modern den,” it’s clear that the windowless area was never meant to serve as a living space.
Person allegedly posing as Realtor breaks into Ottawa home for fake showing
Jordan Zaid was supposed to get the keys for his in-laws new Ottawa house this weekend, but the rental fell through after the person who he thought was the Realtor told him it was a scam.
U.S. home sales fall for the 3rd straight month
Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year.
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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