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Housing construction is about to take a big hit: RESCON
Housing construction is about to take a big hit: RESCON
The high cost of housing across Ontario is stunting new construction and could lead to layoffs in trades already struggling to recruit new workers to accommodate an expected increase in demand, according to the Residential Construction Council of Ontario (RESCON).
National home sales surge in October: CREA
The Canadian Real Estate Association (CREA) says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern.
Vancouver is the poster city for the condo phenomenon
Condominiums now make up 30 per cent of homes across Metro Vancouver, the highest proportion in North America. Hundreds of millions more have been recently built in Japan, China and other nations.
3 B.C. municipalities hit 1-year housing target
Victoria, Delta and the District of North Vancouver were able to meet or exceed provincial quotas under new rules giving the B.C. government oversight of local housing, while other communities came close and some lagged.
Fitzrovia launches $1B fund to build up Toronto rental stock
Fitzrovia, which says it is focused on the rental market, recently made its first investment using a new $1.1-billion fund backed by pension plans to acquire the rights to redevelop a 24-storey office building in midtown Toronto.
Federal financing to help build Vancouver rental homes
The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver. The government said four locations will receive funds through the Apartment Loan Construction Program.
More homes are up for sale with tenants in them
While any real estate transaction is stressful, being part of a tenanted sale ups the stakes — depending on the outcome, either the seller loses money, or the tenant loses the roof over their head.
Rent inflation to slow in the next few years: Desjardins
The rate at which Canadian rental prices are increasing should slow in the coming years as the government’s plan to cut back immigration numbers takes hold, a new report from Desjardins says.
Immigration cuts could reduce housing gap by 45%
If Prime Minister Justin Trudeau is successful in curbing immigration over the next three years, that would reduce the housing gap in 2030 by 534,000 units, or 45 per cent, said the Office of the Parliamentary Budget Officer.
Underused public land could house a million people: study
A Globe and Mail project found that if all the “lazy” federally owned properties in communities with a population of at least 10,000 people could be developed into housing, the land could support housing for 750,000 Canadians.
Toronto’s condo market challenges Realtors
After much speculation as to whether the Toronto real estate market will be able to absorb the sea of condos that have popped up, it seems that—at least for now—the answer is no.
Why Tarion coverage isn’t always enough
OPINION: With the cost of many newly built homes often exceeding $1 million, is a $400,000 indemnity under the Tarion warranty enough to protect Ontario homebuyers from construction defects in their homes?
Mortgage delinquencies to rise in Toronto and Vancouver
Canada Mortgage and Housing Corp. (CMHC) warned that the number of homeowners in Toronto and Vancouver defaulting on their mortgages is set to grow as relatively high borrowing costs weigh on their finances.
How open banking could get you a better mortgage deal
Open banking will let bank competitors access your financial data in a few easy, highly secure steps. With a few clicks, you’ll find the best interest rates and move your money to those institutions at lightning speed.
Struggles with housing shortages affecting B.C.'s small towns
A shortage of affordable housing has led to a growing crisis, and it's taken shape with a tent city in downtown Sechelt, B.C. that sprung up in recent years.
B.C. Realtor admits to fraudulently obtaining $2M mortgage
A B.C. man who admitted obtaining a mortgage on a $2-million home using documents faking his income and savings has agreed to hand over his Realtor's licence. Jin Luo has also agreed to pay a $5,000 fine.
Toronto waterfront condo or home with pool, putting green?
Which would you prefer: a condo in downtown Toronto with views of Lake Ontario, or a home in Courtice with a backyard, complete with pool and putting green? Both are currently listed for nearly the same price.
Rebates can save thousands of dollars in real estate commissions
In Canada, a home's seller usually pays a commission to real estate agents on both sides of the transaction. Some agents are willing to offer a cashback rebate to home buyers, which works as a kind of discount on the total purchase price.
U.K. home-sellers offer large discounts
The average price of a U.K. home put up for sale fell 1.4 per cent to US$463,100, almost double the November norm. November was the second consecutive month when prices underperformed historic averages.
China home prices fall at slower pace after stimulus boost
October new home prices in 70 Chinese cities, excluding state-subsidized housing, dropped 0.51 per cent from September, the slowest pace since March, figures showed. Values of used homes fell 0.48 per cent, the least in over a year.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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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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