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Renovation demolition: Giving lived-in homes a second life
Renovation demolition: Giving lived-in homes a second life
Thousands of homes in Vancouver are demolished every year, including many which remain perfectly suited for living. Renewal Development is literally uplifting homes with good bones and giving them second life as a sustainable alternative to demolition.
Canada's housing affordability crisis may persist for years
Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say.
4 questions surrounding Canada's new mortgage reforms
The federal government is calling them the “boldest mortgage reforms in decades.” And while the new mortgage rules are a boon for aspiring first-time buyers, there are many questions that remain unanswered for both borrowers and the mortgage industry.
N.W.T. company building dozens of modular homes
Metcan Building Solutions has orders from the Northwest Territory's housing agency for 14 modular duplexes, amounting to 28 units, and five modular single-family residences. Of the 33 units, 14 will replace old inventory and 19 will be entirely new stock.
Mississauga approves 56-home development
A proposal for 56 homes at 1720 Sherwood Forrest Cir. in Mississauga, Ont. will likely move ahead after a rezoning and draft plan of subdivision were approved this month. The site's owner is Argo Sherwood Forrest Limited.
Edmonton celebrates increase in housing starts
A record-setting number of new homes were built this year in Edmonton from January to August. Housing starts in the city are up by 8,000 compared to 2023. Approved building permits are up 65 per cent from last year.
Can the housing crisis get any worse?
OPINION: New Ontario building applications seem to be falling off a cliff, and builders are warning that the development pipeline will be empty in the not-too-distant future. It’s long past time to act.
Toronto plans to redesign vacant home tax program
Toronto's vacant home tax program was created to discourage speculators from keeping empty homes to boost the housing supply in the city. However, many property owners were unaware they needed to declare occupancy every year.
New regulations on N.S. short-term rentals take effect
New regulations on short-term rentals, including Airbnbs, come into effect Monday across Nova Scotia. Housing Minister John Lohr said the system will work to help combat the province’s growing housing crisis.
Are homeowners happier than renters?
OPINION: There's not a great counterargument if an individual says they are happier owning than renting. Personal preferences matter. But it's not a universal truth, writes Benjamin Felix, chief investment officer and portfolio manager at PWL Capital.
Selling to buy? Watch out for same-day transactions
It is not uncommon for parties to schedule a purchase and sale on the same day, so the proceeds of the sale of one house can be used for the purchase of the next one. But the process carries risks.
Second mortgages in Canada: What are the rules?
In Canada, you can typically access up to 80 per cent of your home’s appraised value for a second mortgage, minus the balance remaining on your first mortgage, but qualifying criteria can vary from lender to lender.
Ontario home sells at nearly $500K loss
In the most recent case of a dramatic home price loss, a Brampton, Ont. house was recently sold at a significant loss of $487,000 after four failed sale attempts and a whopping 196 days on the market.
Friends bought house together, now only one wants to sell
A man who agreed to pay half the mortgage for a Maple Ridge, B.C. house his friend bought to live in has filed a lawsuit after his friend refused to sell the house or answer his calls.
Ont. man earning $62K/year plans to steer clear of mortgage
George, who lives in Hamilton, Ont., earns $62,000 annually, has $30,000 in savings and $300,000 in guaranteed investment certificates (GICs). He’s planning to buy a home after the terms on the GICs expire at the end of this year.
London woman selling home she's lived in for 100 years
When Annie Biddle first moved into her house, she was only a year old. Now, after a century of living in the same London, Ont. bungalow, the 102-year-old woman is ready to sell the only place she’s called home.
U.S. home turnover rate at lowest level in decades
Just 25 out of every 1,000 U.S. homes (2.5 per cent) changed hands in the first eight months of 2024, the lowest turnover rate in at least 30 years, according an analysis by Redfin.
U.K. saw fastest home price growth since February
U.K. house prices returned to growth in September, according to Nationwide Building Society, one of the country’s top mortgage lenders, indicating the Bank of England’s first interest rate cut is bringing back buyers into the market.
China moves to cut mortgage rates to revive housing market
China took steps to lower borrowing costs on as much as US$5.3 trillion in mortgages for millions of families in its latest attempt to shore up the troubled property sector.
L.A. Costco to include residential apartments
Costco has broken ground on a new development in Baldwin Village, South Los Angeles, which will become the first Costco to include residential apartments above its warehouse. The project will feature 800 rental units, with 184 designated for low-income households.
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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