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Great Gulf unveils Active House design in Bradford community
Great Gulf unveils Active House design in Bradford
Great Gulf, a Toronto-based developer and designer of low- and high-rise housing, unveiled its first home built under Active House principles in Bradford, Ont., with plans to offer its design across other communities in the province.
Curated Properties has 3 Toronto condo projects in pipeline
Curated Properties is stepping up the scope of its developments and is about to launch sales for its largest project so far, a 16-storey, 269-unit condominium known as 8 Temple located in the western part of downtown Toronto.
New Pickering development sells out 95% in first week
The first phase of an extensive new master-planned community, dubbed Pickering City Centre, launched its sales on September 13, bringing 513 pre-construction condo units to the market. Within a week, 95% of them had sold.
12-storey vacant office building to be Conestoga residence
Conestoga College has purchased two buildings in Waterloo region that will help house its students. The new purchases are located at 60 University Avenue East in Waterloo and 22 Frederick Street in Kitchener. Renovation costs are around $50-70-million.
$108 million in federal financing for new Vancouver rental
The federal government, through the Rental Construction Financing Initiative, has announced it is providing Marcon Developments a $107.5-million, fully repayable, low-interest loan for one of its major secured purpose-built rental housing projects in Vancouver’s Oakridge area.
Lawsuit claims tower build damaged neighbour's property
Building owners near a retirement residence in Edmonton's Westmount neighbourhood claim excavation work for a high-rise caused intense vibrations that damaged their properties, including foundations, pavement, garages, swimming pools, and leaks in skylights and windows.
Why it takes 325.5 days to issue building permit in Van.
The City of Vancouver’s open data portal is revealing precisely how long it’s taking for projects to get underway nearly a year after political promises to simplify and speed up the permitting process.
Nearly 15,000 rental units ‘stuck’ in the pipeline, city says
In a city with few new rental apartment buildings, many purpose-built rental units are “stuck” in the pipeline, including almost 15,000 that could be 'affordable', because of a lack of federal and provincial grants and low-cost financing.
Prefabricated mass timber proposed for remote mining camps
A study by Studio VMA titled the Benefits of Mass Timber Workforce Communities researched future workforce housing types for northern Ontario mines. It supports the use of prefabricated mass timber for its many advantages over traditional work camp housing.
Apartment investment sector sees fewer and smaller deals
Purpose-built apartment transactions, and the size of those deals, has been trending downward. While a series of interest rate hikes over the past two years is one reason, other factors are also at play in Canada's apartment market.
Housing expert supports eviction if owners adding units
A housing expert suggests facilitating major renovation or demolition of existing housing if the goal is to increase supply, even if it means authorizing evictions of tenants, as part of Quebec's Bill 31 intended to accelerate new residential construction.
Opinion: Exempt non-profits from property transfer tax
British Columbia is already undertaking work to understand the barriers to creating affordable housing, and we hope they also look at those in the not-for-profit housing sector. Fixing this crisis is going to take all of us working together.
Nova Scotia to remove HST from new rental building starts
Nova Scotia is removing its portion of HST from new construction of rental units as suggested by federal government to combat the housing shortage. While Ottawa is removing HST for five to seven years, N.S. is committing to two years.
National Bank CEO's warns fixed-rate mortgage borrowers
National Bank CEO Laurent Ferreira said fixed-rate mortgage borrowers will soon face a harsh “new reality". About 85 per cent will need to renew those loans in 2024 through 2026, and will be affected by higher interest rates.
20% of homeowners plan to sell in the next 3 years
More than 20 per cent of homeowners plan to sell their primary residences within the next three years, according to a survey conducted by Nerdwallet and The Harris Poll, which involved 1,099 Canadian adults, including 749 homeowners.
House prices to fall 10% in 2024
As the economy experiences a mild recession, housing prices are expected to slip another 10% in early 2024, according to MPC and Oxford Economics. Market values of Canada’s housing are predicted to return to current levels in Q4 2027.
Is housing crisis pricing out skilled newcomers?
Ankita Goel was optimistic when she decided to leave her management consulting job in Mumbai in 2019 to follow her husband to Vancouver, where he already had a job in the tech sector. Four years later, the cost of living in the city has her regretting her choice.
Maine's statewide additional dwelling unit regulation
The housing crisis knows no borders. While the federal and Quebec governments are stalling, our neighbor, Maine, has just authorized the addition of accessory dwelling units to any house statewide in an effort to rebalance the housing market.
US consumer's single-family property buying power declines
The First American Real House Price Index, which measures the price changes of U.S. single-family properties adjusted for the impact of income and interest rate changes on consumer house-buying power, dropped to its lowest point in three decades.
Even China's 1.4 billion population can't fill all its vacant homes
China's population of 1.4 billion would not be enough to fill all the empty apartments in China according to a former official. China's property sector has slumped since 2021 when real estate giant Evergrande Group defaulted on its debt obligations.
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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