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Reid's Heritage Homes integrates housing construction divisions
Reid's Heritage Homes integrates housing divisions
Housing construction management firm Reid’s Heritage Construction is now operating under the Reid’s Heritage Homes umbrella, as both are now owned by Tim and Charlotte Blevins. The company builds about 1,000 homes annually across Ontario's Greater Golden Horseshoe region.
Ontario's plan to eliminate a builder financing tool
OPINION: In March, Ontario quietly announced plans to eliminate Notices of Security Interest, or NOSIs, from the Ontario Land Registry. An NOSI is a legal financing tool that enables builders to rent equipment: furnaces, air conditioners, or solar panels.
Cda. will need 57,000 workers to meet net-zero housing goal
Canada will need to fill a construction jobs gap of almost 57,000 positions to meet the country’s 2050 net-zero target for housing, according to Building a Greener Future, an analysis by BuildForce Canada.
Equiton acquires Ten99 condo dev. site in Toronto
Momentum keeps building in Equiton Developments’ condominium portfolio with the acquisition of a land parcel in Toronto’s Broadview North neighbourhood. The Equiton subsidiary has proposed turning the property at 1099 Broadview Ave., into Ten99, a 12-storey, 355-unit midrise.
Toronto plan approved for 6-storey rentals on major streets
A plan to allow townhouses and small apartment buildings up to six storeys on major streets across Toronto has been approved by a city committee. Concerns are being raised about its viability as a tool to address the housing crisis.
Tiny Township halts development on Georgian Bay shoreline
Tiny Township, Ont. is extending an interim bylaw preventing development along the shores of Georgian Bay, but constituents say this infringes on their property rights. The bylaw was enacted last May to give the township the year to establish rules.
Victoria brings land-use bylaw into line with new B.C. law
Victoria council has set the wheels in motion to better align its land-use regulations with provincial housing statutes that were enacted to speed up the pace of home building, prohibiting public hearings for when applications are consistent with community plans.
B.C STR rules conflict with owners' ability to pay mortgages
A B.C. couple spent about $600,000 and another $40,000 upgrading a one-bedroom condo. They put the unit on Airbnb as a short-term rental (STR), calculating the revenue would give cover a mortgage they could not otherwise afford.
Doubts grow over June interest rate cut after jobs report
The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month, surpassing forecasters' expectations.
Saving for downpayment near impossible in Canadian cities
Data from Canada Mortgage and Housing Corp. suggests it takes an average of 4.2 years to save for a down payment, however relying on averages can be deceiving; in cities like Toronto and Vancouver, it's well over a decade.
The self-funding house: A solution for owners and renters
Canada must build six million new dwellings by 2030 to achieve housing affordability, but reaching this target requires an unlikely doubling of the current rate of construction. A breakthrough is possible if new homes are designed to accommodate multiple households.
Couple glad they have secondary suite in their home
When Joseph Karim and his wife Emily bought a small, semi-detached bungalow in Toronto three years ago, it came with a bonus feature: a legal, basement apartment. They didn’t really need one, but it paid off.
Mortgage lender's role in switching lenders for better rates
A surprising thing happened when one homeowner went to renew a mortgage for a better rate with a big bank (Scotiabank) last month: they refused to take him because his mortgage was originally signed with an upstart provider, QuestMortgage.
B.C.'s most expensive streets and jaw-dropping home prices
The experts at Rennie & Associates Realty compiled a list of the streets with the highest-valued properties in Metro Vancouver, and it’s a great way to get an inside look at how the ultra-wealthy live.
A homeowner's cost to replace a roof or furnace: survey
OPINION: While you’re building equity by owning a home with regular mortgage payments, you’re also paying for repairs and maintenance. But how much? Home repair costs are the great unknown of home ownership, and can be massive and unavoidable.
He was evicted and his home was later listed on Airbnb
Erwin Long’s lengthy battle with his former landlord — a self-described community advocate who has positioned himself as an anti-homelessness leader — has been an uneven fight, one similar to that faced by many Ontario tenants.
Three B.C. real estate agents to pay combined penalties of $73K
Three B.C. real estate agents have recently settled their professional misconduct cases with the Superintendent of Real Estate and agreed to pay fines totalling $73,500. The largest settlement, for $43,500, is against Lewis Ratcliff Personal Real Estate Corporation.
$500K, buys a 1-bed condo in T.O., more in other countries
In Toronto’s unrelenting real estate market, $500,000 can buy you a downtown studio condo or a one-bedroom unit. Here’s a look at what $500,000 can buy in other parts of the world — from Texas to Bali.
U.S. 30-year mortgage rate falls: Mortgage Bankers Assoc.
U.S. mortgage rates fell for the first time since late March, lifting homebuyer applications for purchases and refinancing. The contract rate on a 30-year fixed mortgage fell 11 basis points in the week ended May 3 to 7.18 per cent.
'Seriously underwater' home mortgages tick up in U.S.
Roughly one-in-37 homes are now considered seriously underwater in the U.S. Nationally, 2.7 per cent of homes carried loan balances at least 25 per cent more than their market value according to a Q1 ATTOM report.
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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