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Plazacorp seeks to raise up to $75M via Willowgrove IPO
Plazacorp seeks to raise up to $75M via Willowgrove IPO
Plazacorp has filed an IPO to raise between $60 and $75 million in equity to assist in funding its proposed Willowgrove development in Markham and Stouffville, just north of Toronto.
Home builders could face drywall shortage
Eight years ago, tariffs were imposed by Canada on gypsum, a mineral used to make drywall. One supplier estimates the tariff has led to a shortfall, with upwards of 700 million square feet of drywall taken out of the market.
Builders balk at cost of Hamilton's green building standards
Hamilton will require new buildings to meet higher standards in energy efficiency, water conservation, stormwater management, waste management and eco-friendly design. A regional builders' association warns the new standards could raise per-unit building costs by tens of thousands of dollars.
The housing developer building bigger condo units
According to Statistics Canada data, the average size of condos built in 2016-2017 was 665 square feet. But a majority of the units at Devron Developments' 101 Spadina in Toronto will be 800 square feet with two bedrooms.
Flaw in Tarion proposal to penalize pre-construction buyers
OPINION: Tarion's proposal to reduce the amount of deposit protection for buyers of pre-construction freehold homes who fail to register their purchase agreements with the program is fatally flawed and a breach of the regulator’s obligation to protect the public.
Designer hopes to tackle housing crisis with modular builds
Daniil Aron-Mokhov, founder of Vancouver design startup SCHTAUSS, has designed and developed a prefabricated, multifunctional space that serves as both office and garden shed. The timber Modular Shed Office features an indoor space and a rooftop patio reachable via ladder.
Plan to double units in five London triplexes sparks backlash
Area residents are slamming a proposed south London, Ont. apartment conversion they say will turn units into “rooming houses”. The development at 145 Base Line Rd. W. is currently home to five, one-storey buildings with three apartments each.
Jayman BUILT wins at BILD Alberta Awards
Alberta homebuilder Jayman BUILT has received the Pinnacle Award for the both single family and multifamily categories at the 2024 BILD Alberta Awards. Jayman BUILT has been operating in the Edmonton and Calgary areas for over 40 years.
Toronto’s housing market will boom in 2025: Royal LePage
Toronto’s high-priced real estate market isn’t going the way of Manhattan — though it could surpass Vancouver in the coming months, according to Royal LePage president and CEO Phil Soper. He believes Toronto’s real estate industry is poised for a booming 2025.
October breaks real estate records in Saskatchewan
Saskatchewan reported the highest monthly real estate sales ever reported in October, according to the Saskatchewan Realtors Association’s (SRA) latest report. The SRA recorded 1,520 sales in October, over 21 per cent higher than in 2023.
Winnipeg home sales continue to climb
Winnipeg and its surrounding regions logged a 19 per cent increase in home sales this October compared to the same time in 2023, the Winnipeg Regional Real Estate Board found, continuing a months-long streak of house purchases trending upwards.
London-area home sales saw a sharp increase last month
Homes sales in the London region picked up for a second straight month in October, signalling more buyers are willing to pull the trigger on purchases amid lower interest rates, according to data from the London St. Thomas Association of Realtors.
Immigration cuts can help Canada reduce housing shortage
Robert Hogue, chief assistant economist for RBC, notes that a substantial reduction in immigration will help to narrow Canada’s housing gap. While the change may alleviate some immediate demand pressures, it will not resolve the long-standing affordability crisis, he said.
Condo market slowdown underway in Vancouver: report
The condo market in major Canadian markets, including Vancouver, is freezing over due to the current interest-rate environment and increasing costs to build a project, according to a report from PricewaterhouseCoopers LLP and Urban Land Institute.
Hostility and abuse drive volunteers from strata council
COLUMN: We cannot prevent disruptive and abusive individuals, but we can manage our strata corporations, business affairs and communications to reduce misinformation, abusive behaviour and costly conflicts, writes Tony Gioventu, executive director of B.C.'s Condominium Home Owners Association.
T.O. offering condos to public housing residents, few takers
When a flyer turned up at Noorjahan Chowdhury’s doorstep earlier this year advertising a rare shot at home ownership in her Toronto neighbourhood at an affordable price, it seemed like a lucky break. But the details paint a different picture.
What Canadian building owners are asking tenants to pay
A report from Rentals.ca and Urbanation found average asking rents across Canada sat at $2,152 in October, down 1.2 per cent from the same month in 2023 — the first national decrease since July 2021.
Questions to ask if you are planning to renew your mortgage
When your current mortgage nears its maturity date, you will need to re-negotiate. This is the opportunity to decide on the new term length, negotiate the new mortgage interest rate and even move your mortgage to a new lender.
B.C. island selling for same price as a Vancouver home
B.C.'s East Point Island and the unique home on it are currently on the market for $1.6 million. That's about the same as the cheapest standalone houses in Vancouver.
A house designed to be a home and an art gallery
Lou Ruffolo, an art dealer with a sizable collection of Canadian art, worked closely with Frank DiSarra, of FrankFranco Architects, to design a dramatic 3,500-square-foot home in Kleinberg, Ont., just down the street from the McMichael Canadian Art Collection.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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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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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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