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Caivan offers 2-in-1 flex homes at Brampton's Arbor West

1 week ago

Caivan offers 2-in-1 flex homes at Brampton's Arbor West

Canada’s population is surging at a time when its rental housing stock grows more paltry by the day. But Caivan is introducing a novel idea at its Brampton, Ont. Arbor West community incorporating flexible housing space and dual entries.

Is Toronto 'maxed out' on development space? No...

COLUMN: “Toronto is full.” “Toronto is dense enough.” There’s “no more space.” These are all assertions architect and urban designer Naama Blonder frequently hears. The problem with this view is that it is wrong from the start. 

Over 25 Ontario developers have gone bust this year

At least 27 Ontario developers have gone into receivership this year, a higher number than the province has seen in years. It’s an alarming spike experts say puts many housing units in jeopardy and puts preconstruction buyers in limbo.

Toronto's housing market has an Achilles heel

Toronto’s housing market has ground to a halt and so far not even Bank of Canada rate cuts have been able to revive it. A big reason for this is Toronto’s glut of condos up for sale.

OREB predicts ‘heated’ fall market as home sales rise

The Ottawa Real Estate Board (OREB) says home sales in the nation’s capital jumped more than 10 per cent last month compared with a year earlier, bucking a trend of declining transactions in several other major Canadian cities.

Montreal home sales up 9.3% in August

Housing sales in the Montreal region increased by 9.3 per cent in August compared with August 2023, according to the Quebec Professional Association of Real Estate Brokers, reaching a level slightly above the historical average.

'Nearly impossible' to deny new Windsor dev applications

As Windsor city council prepares to consider another contested project, the mayor is warning people by the time these projects hit the city council agenda, it's "almost impossible" to deny the application. 

Fixed mortgage rates below 4% being spotted in Canada

Fixed mortgage rates under four per cent are like an endangered species coming back from the brink of extinction in Canada’s real estate market. There are sporadic sightings of new five-year loans with rates locked in at 3.99 per cent.

Some banks rethinking home mortgage competition strategy

Speaking at the Scotiabank (BNS-T) Financials Summit, RBC (RY-T) chief executive Dave McKay said the bank is being more careful when making mortgage offers that wouldn’t meet its threshold rate of return, or hurdle rate.

Variable mortgage rates regaining traction

The decision by the Bank of Canada to cut its key interest rate target last week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once-popular loans.

As rates trend down, could housing get more affordable?

In the coming months, forecasters expect further Bank of Canada interest rate cuts that could push mortgage rates down, but does that mean it's a good time to buy or sell a home?

Home builder Kekoo Gatta drowns in Niagara River

A prominent Niagara-on-the-Lake home builder is dead after he went swimming in the Niagara River last Tuesday night. Kekoo Gatta was the founder and owner of Gatta Homes, a luxury development company based mainly in Niagara-on-the-Lake for over 30 years.

Small B.C. town woos the luxury buyer

OPINION: Vancouver developer Hallō Properties is set to begin the first phase of a major housing project that will remake the 105-year-old Granite Pointe golf course, hoping to lure a wave of wealthy, golf-loving buyers to sleepy Nelson, B.C.

Toronto is cracking down more on Airbnbs

Starting on Sept. 30, Airbnb and Vrbo hosts in Toronto will need to supply at least two documents, in addition to their government-issued ID, to prove a short-term rental is their principal residence.

Senior denied in bid to split Vancouver Island property

Eighty-three-year-old Barbara Tolmie wanted to turn her North Saanich property into two lots so her son could build a home next door and support her as she ages. The local council denied the application.

U.S. property insurer sets sights on wealthy Canadian homeowners

U.S.-based property and casualty insurer PURE Insurance is expanding into Canada, offering coverage to affluent homeowners with properties worth more than $2 million. The launch of a Toronto office marks PURE's first expansion outside of the U.S.

B.C. real estate agent suspended over forged documents

A prominent Richmond, B.C. real estate agent and developer, Ramandeep Singh Kooner, has been suspended for six months by the B.C. Financial Services Authority after admitting to forging signatures to process a land assembly deal.

Check the fine print before signing with a real estate agent

Working with a real estate agent has many benefits, but real estate lawyer Bob Aaron cautions to pay attention to clauses about the scope of services, such as the "holdover period".

Wealthy Americans are spiking Portugal’s Algarve housing market

The Algarve, the sunny southern coast of Portugal, is more popular than ever with visitors, and the region’s housing market is booming as a result. Prices for prime properties in the Algarve have risen by more than 30 per cent.

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