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Mont-Tremblant 'passion project' offers forested building lots
Mont-Tremblant 'passion project' offers forested building lots
A strong desire to create a community built around outdoors recreation and access to nature led to the development of the Domaine Johannsen, a "passion project" on Quebec’s Mont-Tremblant.
Toronto condo developers’ troubles just the beginning
With more condo developments experiencing financial hardship, insiders warn this may be just the beginning of industry problems where buyers and buildings are at risk. If a buyer can't secure financing, builders can keep their deposit and sue the buyer.
Homebuyers abandoning pre-sale deposits in Guelph too
Despite the loss of sizable down payments, and potentially other consequences, more people are walking away from pre-sale home purchase agreements. It’s a growing trend predominantly seen in the Toronto area, but Guelph and Wellington County aren’t immune.
Ontario builder gives away gold bars to lure buyers
A new subdivision of single-family detached homes in Woodstock, called River & Sky, is attempting to lure in buyers with a promotion offering 500-gram gold bars worth a staggering $45,000 each to anyone who buys one of these houses.
This London house dropped $300K in less than 2 years
It's a staggering set of numbers. A single-family house, located at 2053 Commissioners Rd. E. in southeast London, sold for $738,400 in February 2022. It sold again last month, but this time the sale price was just $435,000.
The bumpy road to building more multiplex homes in B.C.
B.C.'s proposed legislation aimed at increasing small-scale, multi-unit housing by allowing multi-unit buildings on lots typically used for single-family detached homes may face multiple bumps in the road according to experts who looked at similar approaches in the U.S.
'Upzoning' in B.C. could mean higher property taxes
Experts are concerned that the B.C. government's proposed housing reforms, which would force higher density in single-family neighbourhoods and around transit hubs, could result in higher property taxes that are based on the “highest and best use” of the land.
Van.’s ultrarich, ghostlike neighbourhood, unlikely to change
A park-like ambience imbues much of leafy Shaughnessy, one of Vancouver’s most historic neighbourhoods and, arguably, its most opulent. For a few decades after the Second World War, Shaughnessy teemed with hundreds of boarding homes, apartments and even fraternities.
CMHC eyes $8.5B bond sale as soon as next week
Canada’s federal housing agency is preparing a sale of as much as $8.5 billion in bonds during the week of Nov. 13 — consisting of floating-rate and fixed-rate Canada mortgage bonds, or CMBs.
2.2M mortgages will be renewed by 2026: CMHC
Canada Mortgage and Housing Corp. (CMHC) has released its biannual report on the country’s residential mortgage market which shows that more than 290,000 Canadians renewed their mortgages with a chartered bank in the first half of 2023.
Homeowners giving up hope of lower rates, CMHC says
As hundreds of thousands of homeowners face sticker shock over mortgage renewals, more borrowers have chosen three- to five-year terms, a shift from earlier this year indicating more homeowners are leaning toward shorter mortgage deals, CMHC said in a report.
Mortgage payments increasing faster than home values
Zoocasa has examined the difference in the growth in average prices in Canadian cities compared with the growth in mortgage payments. In Calgary house prices rose 36 per cent from about $408,000 in 2013 to $553,000 in 2023.
This is how to get a mortgage renewed
The Hicks family is one of millions facing upcoming mortgage renegotiations, according to a recent poll by Royal LePage, which estimates that 3.4 million Canadian homeowners will renegotiate over the next 18 months, almost all at a higher interest rate.
Beachfront townhouse condos approved despite NYMBIs
Despite objections from many residents and politicians of Port Burwell, Ont.'s plans for beachfront townhouse condos, a 13-unit complex rejected by a vote of 4-1 in January by Bayham council recently received interim approval by the Ontario Land Tribunal.
Victoria rejects hearing for short-term rental owners
Victoria city council has rejected the idea of holding a public hearing to allow residents to air grievances about provincial legislation restricting short-term rentals which aims to bring short-term rental units into the long-term rental housing pool.
Airbnb blasts B.C.'s short-term rental policy
Airbnb (ABNB-Q) spokesperson Nathan Rotman says B.C.'s legislation to restrict short-term rentals will not address the housing crisis, and will also make travel less affordable for people coming to and travelling within B.C.
Report about Montreal housing bylaw prompts calls to suspend it
Montreal’s long-awaited report card on its two-year-old housing bylaw prompted the opposition at city hall and board of trade to call for the bylaw to be suspended. It was intended to compel developers to build social, affordable and “family” housing.
These tiny-home villages for veterans are spreading across Canada
Tiny homes are making a big difference for Canadian military veterans living on the streets, says an Edmonton case manager for the Homes for Heroes Foundation. Homes for Heroes launched its first Veterans Village in Calgary in 2019.
Northern Ontario town is selling land for $10. But there’s a catch
Ten dollars for a prime piece of land? It's true, but with a catch. The Town of Cochrane, Ont. will sell residential lots for $10 while also offering a property tax rebate. But buyers have to build a home.
Halifax citizens call for forest wildfire escape routes
Indigo Shores subdivision is one example of the City of Halifax's dilemma: houses on the capital's outskirts butt up against combustible forests, and there's often just one road out — potentially creating traffic jams and panic during an evacuation.
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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