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Growth in Canada's housing supply urgently needed: CMHC
Growth in Canada's housing supply urgently needed: CMHC
Canada's housing industry isn't keeping pace with demand for new homes, and higher interest rates continue to damage efforts to kickstart construction, Canada Mortgage and Housing Corporation's (CMHC) latest housing supply report has found.
Empire announces partnership with Colorado homebuilder
Ontario-based Empire Communities is continuing its expansion into the U.S. with a strategic partnership with Colorado's Covington Homes. The deal expands Empire’s presence in the U.S. to eight markets, including Houston, Austin, San Antonio and Atlanta, according to a release.
Grassy Narrows on the cusp of a housing boom
A meeting last month with Indigenous Services Canada produced a $24-million pledge to fund 50 new modular homes and a 20-unit apartment complex in the Anishinabe community of Grassy Narrows, northeast of Kenora, Ont.
Lamont Land's new leaders continue focus on growth
The transition to a new executive committee began at Lamont Land at the beginning of 2023, when founders Roy Moore and Gerry Lamont stepped back to let their sons take the reins of the company that launched in Calgary in 1991.
Investors own 65% of Toronto’s smaller condo units
Nearly 40 per cent of condo apartments in the Toronto area were owned by investors in 2022, a new Statistics Canada report found, with smaller units seeing a higher proportion of investor ownership.
Toronto-area power-of-sale listings more than double
The Toronto area has seen a 112 per cent increase in power of sales over the last year as more homeowners struggle to pay their mortgage, leaving some lenders with no option but to take over the home and sell.
How Toronto house-flipping is changing neighbourhoods
Across the Greater Toronto Area, where nearly 30 per cent of existing housing was built in 1960 or before, bungalows and other smaller houses are increasingly disappearing into a cloud of construction dust, replaced by larger and more expensive homes.
Hamilton home sales rose in September
The Cornerstone Association of Realtors reported that house sales in Hamilton, Ont. rose to 459 last month, marking a 17 per cent jump compared to last September and a smidge higher than August, the slowest month for sales this year.
The financial roller-coaster for first-time homebuyers
For first-time mortgage seekers, it’s sometimes hard to grasp what you’re committing to. You’re not just signing up for a loan, you’re strapping yourself into a financial thrill ride. The world of mortgages can feel like a financial roller-coaster.
Rate cuts to smooth over the ‘mortgage renewal cliff’
Homeowners renewing their five-year mortgages next year may be worried about a steep increase in their monthly payments. But larger than expected interest-rate declines promise to reduce what analysts had dubbed the “mortgage renewal cliff” into more of a hill.
Your home ownership chances were already decided at birth
OPINION: Figures show purchasing a home depends increasingly on one’s parents’ financial position. The market is no longer a level playing field. Instead, intergenerational wealth is an increasing factor in who becomes a homeowner, writes wealth management consultant Preet Banerjee.
New mortgage rules spark debate in Canada’s housing sector
Industry insiders have mostly celebrated the federal government’s willingness to adapt its mortgage policies in response to economic and market pressures. However, there is lingering uncertainty about the broader, long-term implications.
Competition Bureau obtains court order for CREA probe
Canada’s Competition Bureau has obtained a court order requiring the Canadian Real Estate Association (CREA) to turn over documents as part of an investigation into whether their rules encourage Realtors to charge excessive sales commissions.
Can former schools help with housing affordability?
With their prime locations and established infrastructure, former school properties offer several advantages to those who have the resources to convert them into housing. In the Greater Sudbury Area, several former schools have hit the market in recent years.
Edmonton tries to get owners to clean up derelict properties
To get owners to clean up derelict properties, Edmonton has approved a prorated tax forgiveness program. The new tax subclass, which applies to dilapidated or unlivable homes in mature neighbourhoods, incentivizes owners to either fix their properties, or redevelop.
The 10 most expensive homes for sale around Calgary
From luxurious mansions with cascading steps leading you to the front door, to modern houses tucked away in the trees for your ultimate privacy, these are some of the most awe-inspiring (and expensive) homes for sale in Calgary right now.
U.K. house prices climb for a third month
U.K. house prices climbed for a third consecutive month in September as cheaper mortgages and increased incomes spurred more buyers into the market, data from mortgage lender Halifax showed. The average price of a typical home increased 0.3 per cent.
China home sales rise after stimulus measures, state media says
China's home sales rose during the National Day holiday after a string of property stimulus measures to boost the country's beleaguered real estate market since late September, state media said on Saturday.
HK’s biggest developer sells 204 apartments in a day at discount
Sun Hung Kai Properties Ltd., Hong Kong’s biggest property developer, sold over 200 apartments in one day after it offered the units at a discount to boost sales. The first batch was priced 20 per cent lower than nearby projects.
German town has streets named for Canadian spots
Located in the town of Teltow, just southwest of Berlin, is a neighbourhood with a load of Canadian streets, including Vancouver Street, Edmonton Street, Calgary Street, Toronto Street, Saskatoon Street, Regina Street and Winnipeg Street.
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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