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Southlands Tsawwassen bridges farming, residential living
Southlands Tsawwassen bridges farming, residential living
It took over a decade for Century Group to get shovels into the ground at Southlands Tsawwassen agricultural community, but the developer is now making steady progress with over 10% of housing being built and new releases coming to market.
‘Shock’ looms for $900B in mortgage renewals: RBC
More than $900 billion in mortgages at Canadian banks are set to renew in the next three years, increasing the risk of credit losses as some borrowers see payments rise by nearly half at renewal, according to RBC analysts.
Toronto developers delay launch of about 14,000 condos
Toronto developers have delayed launching almost 14,000 condo units this year, as demand has waned because of higher borrowing costs and economic uncertainty. Developers had been expected to launch at least 27,000 units in the Toronto region, according Urbanation Inc.
Construction of 25,000 Quebec housing units blocked: survey
A survey suggests stalled construction projects are holding up the delivery of 25,000 homes across Quebec as the province struggles to alleviate a housing shortage acccording to Isabelle Demers, VP of a 20,000-strong network of real estate industry players.
Building permit numbers dip, hampering housing affordability
Building permit data released by Statistics Canada indicates the number building permits issued in August contracted 3.7% due to a 15% m/m drop in applications to build multiresidential units, which offset a 5.1% increase in single-family units.
Vanc. developer says social housing stalls condo projects
Holborn Property Ltd., owned by a wealthy Malaysian family, says a municipal condition — which requires the first two phases of their project’s social housing be completed before its market condo units are approved for occupants — is stalling the project.
Buyers' deposits with insolvent builder not protected
As the insolvency and bankruptcy process of Ontario builder StateView Homes stretches into its sixth month, a class-action lawsuit is calling into question a loophole in Ontario law that leaves some new home purchase deposits unprotected.
Worried preconstruction homebuyers test their options
Some real estate buyers who purchased condo units and houses in the preconstruction market are becoming increasingly anxious about their financial obligations. Original condo purchasers under duress are trying to find someone to take over their purchase agreements.
Homebuyers turning to alternative lenders for mortgages
The total value of outstanding loans from credit unions, mortgage investment corporations and other private lenders reached $388.6-billion in Q2 2023, up 4% year over year, as homeowners are increasingly turning to alternative and private lenders.
Demand from investors overlooked in housing crisis
According to the Bank of Canada, investors are the fastest-growing mortgage segment with a 30-per-cent share of mortgaged home purchases nationally in the first part of this year, up from 19.6 per cent in 2020.
RE/MAX Calgary broker makes move to eXp Realty
In a strategic move that marks a defining moment in the Canadian real estate narrative, Calgary’s most prominent realtor Justin Havre and his team of 60 advisors and 18 staff have departed RE/MAX Canada to join with eXp Realty.
Revised federal immigration plan to attract building trades
Immigration Minister Marc Miller unveiled a blueprint that would attract more skilled construction workers from overseas to help build homes and encourage newcomers to settle in small towns, francophone communities, rural areas and the North.
Ontario plans to remove 8% tax on new purpose-built rentals
Ontario has provided details about its plans to eliminate its portion of harmonized sales tax (HST) on new purpose-built rental housing, a move that would bring the tax cut for new long-term rentals in Ontario up to 13 per cent.
It's getting hard for Doug Ford to escape blame for scandal
Premier Doug Ford has long insisted that he and his office were not involved in picking which Greenbelt and rural properties to approve for housing development, but there's growing evidence calling that claim into question.
Canadians want denser housing as long as it isn't next door
About 60% of Canadians support increasing urban densities according to a poll by Pollara Strategic Insights. However, if a single-family home on their block was converted into a triplex, only about 20% said it would be a “good thing.”
Fourplexes coming to low-density Waterloo neighbourhoods
City of Waterloo councillors unanimously supported a motion to allow for the construction of fourplexes in the city, amending the bylaw to allow up to four residential units and four storeys in low-density areas without a building-specific bylaw amendment.
Saskatchewan to help fund secondary rental suites
The Saskatchewan government is introducing an incentive to help fund new secondary rental suites in single-family homes. Homeowners could receive up to $35,000 toward the costs of building a separate dwelling unit in their homes, backyards or laneways.
Court docs show Hells Angels cash invested in Ontario RE
Members of the Hells Angels biker gang put millions gained from an underground gambling ring into waterfront land they hoped to develop, including the purchase of seven Ontario properties via a network of straw owners.
Brokers inflated commissions, liable for $1.8B in damages
A federal jury ruled Tuesday that The National Association of Realtors and several large residential brokers conspired to artificially inflate real estate commissions, putting them on the hook for about $1.8B in damages.
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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