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Frustrated developers create Taxopoly: Housing game you CANT win
Taxopoly: The housing game you CANT win
A developer group known as the Coalition Against New Home Taxes (CANT) has launched a campaign - including an unwinnable Taxopoly game - to alert the public housing affordability woes wouldn’t be so dire if taxes weren’t so excessive.
Ontario reiterates pledge to build 1.5M homes
A day after Premier Doug Ford's government quietly revealed its housing start projections have decreased since the last budget, Ontario's housing minister says the province's goal of building 1.5 million homes will still be met.
T.O. may incentivize building of 20,000 new rental homes
If the plan is approved, Toronto would defer development charges for the rental homes indefinitely at a cost of approximately $210 million. The city would also waive property taxes for the affordable units for a period of 40 years.
Canada faces worsening home ownership crisis
Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters.
Toronto fourplex faced a wall of red tape
A newly completed development in Toronto's Little Italy neighbourhood offers something of a cautionary tale about the complexities that can lie in store for so-called “citizen developers” who set out on their own to convert conventional homes.
Condo completions are soaring in Toronto – for now
Over the first nine months of this year, the Greater Toronto and Hamilton Area notched 23,473 condo unit completions, according to a report from consulting firm Urbanation. Just don’t expect the trend to last.
Condo owners' pain could be condo buyers' gain
Buy low, sell high, they say. Well, it looks like condo sellers in some towns (looking at you, Toronto) are about to give buyers a windfall chance at low prices.
Conservatives ask premiers to axe some new homes taxes
Conservative Leader Pierre Poilievre asked the provinces to eliminate their sales taxes on new homes under $1 million. It follows his own pledge to axe the federal sales tax on new homes sold for under $1 million.
Victoria real estate sales surged 60% in October
Victoria’s real estate market roared in October with a sales surge of 60.7 per cent compared to last year, according to the latest Multiple Listings Service data from the Victoria Real Estate Board.
Calgary’s October home sales flat over 2023
The Calgary Real Estate Board says October home sales were mostly flat compared with last year’s levels, but remained around one-quarter higher than long-term trends for the month. The board says 2,174 homes changed hands last month.
Ground broken on new Calgary affordable housing dev.
Calgary's Homespace Society Project will see transitional townhomes constructed for 52 vulnerable families. The units will be made available to families experiencing or at risk of homelessness. They will be rented at 30 per cent below market rates.
Here's what you can buy for $729,000 in Ottawa
In September, the average price of a single-family home in Ottawa was $729,000, according to the Ottawa Real Estate Board. CTV News looks at what you can buy for that amount in eight Ottawa neighbourhoods.
Lower rates appear to be working their market magic
You’ll find lower rates this week if you’re shopping for a short-term mortgage, but don’t pop the champagne just yet. The leading nationally advertised uninsured rates dipped only five to nine basis points for one, two and three-year fixed mortgages.
Baby boomers, gen X are taking on more mortgage debt
In a surprising turn of events, Statistics Canada data shows older households took on more mortgage debt in the second quarter of the year, compared with the same period in 2023.
What European housing models could do for Canada
Widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada’s housing system.
Kelowna to explore pre-zoning transit-supportive corridors
The City of Kelowna, B.C. is exploring the idea of pre-zoning certain transit supportive corridors in an effort to speed up construction of much-needed housing. The city needs at least 18,750 new housing units by 2031.
Ultra-thin Toronto house listed for nearly $2M
If you aren’t looking closely, you could miss 138 St. Clarens Ave. – the newly listed home in Toronto’s Little Portugal is only eight feet wide. The property hit the market this week, listed at $1,950,000.
Tiny homes can save the family unit
Niagara-on-the-Lake home builder Amanda Colvin, along with her husband Scott, have moved into the tiny home business, which they see as an opportunity to help ease the housing crunch and keep families and friends close to loved ones.
What parents helping kids buy a home should remember
If you sell an investment to make the contribution, you could have a tax bill on the capital gain if the investment has gone up and you stand to make a profit when you sell.
Vanke reports $2.5B loss amid China housing slowdown
Shenzhen-based residential real estate developer China Vanke reported a Q3 net loss of US$1.1 billion, bringing its combined losses for the first nine months of the year to US$2.5 billion.
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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