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Promise Robotics looks to revolutionize homebuilding
Promise Robotics looks to revolutionize homebuilding
Promise Robotics, a Canadian artificial intelligence (AI) company developing a cloud-based industrial production platform for robotic construction and assembly, plans to use its technology to build homes faster, more sustainably and more economically.
Zillow Group buys Follow Up Boss for $400+ million
12 years ago, Tom Markov and Dan Corkill created Follow Up Boss (FUB) which grew to become one of the top CRM tools used by North American real estate sales teams, with 100,000 users on the platform.
1,700+ Saskatchewan realtors now have advanced AI tools
The Saskatchewan Realtors Association (SRA) recently announced it’s delivering the latest in AI-powered tools to its 1,700 Saskatchewan members. The tools are powered by Restb.ai, a leader in artificial intelligence-powered computer vision technology for North American real estate.
New B.C. laws encourage homebuilding near transit hubs
The B.C. government has introduced legislation it estimates could provide up to 100,000 new homes near designated transit hubs over the next decade.
50 Ontario municipalities asked to build housing to get cash
Ontario Big City Mayors, a coalition of 29 municipal leaders representing 70 per cent of the provincial population, is urging the province to rewrite its housing strategy that awards municipalities that reach at least 80 per cent of housing targets.
Toronto plan for more affordable housing needs money
Toronto has an ambitious new $36-billion plan to build 65,000 rental homes, of which about two-thirds will be affordable, over the next seven years. Now all the city needs is the money.
Kitchener bars stacked townhouses from neighbourhood
Kitchener council has barred stacked townhouses up to three storeys high from a neighbourhood near Conestoga College after residents objected. Monday’s 6-1 vote goes against the advice of city planners, who recommended allowing a greater variety of low-rise housing.
The housing crisis and the ‘mom-and-pop’ investors
The Bank of Canada recently reported that 30 per cent of residential home purchases in the first three months of 2023 were made by investors and not prospective occupiers. The figure was less than 20 per cent in 2014.
Condo buyers find they are unable to evict tenants
In April, Mr. Shehaj paid $485,000 for a townhouse that he now finds his family can’t legally occupy. The family pays $2,000 a month for an apartment while also paying $2,100 a month for the townhouse mortgage.
Vancouver auctions off properties with delinquent tax bills
If you don’t pay your property taxes for three years, the City of Vancouver can auction off the property. Wednesday, it did just that, auctioning off 53 properties including houses, apartments and industrial buildings at Vancouver’s city hall.
Historic fine for Quebec broker Brigitte Le Pailleur
Real estate broker Brigitte Le Pailleur used a strategy common in the sale of residential homes to enrich herself at the expense of her clients. Found guilty of serious conflict of interest offenses, she has received a historicaly high fine.
My pre-construction condo has been delayed. Now what?
It's frustrating for buyers, but even the most reputable builders can run into trouble, with most pre-construction contracts allowing them to delay projects for “unavoidable” reasons, such as a workers’ strike or zoning issues.
Retirees use reverse mortgages to downsize before selling
Advisors typically view reverse mortgages as a last resort for cash-strapped homeowners to boost their retirement incomes. But some clients are using reverse mortgages increasingly for other reasons, such as securing that desired house or apartment earmarked for downsizing.
5 best TO neighbourhoods for buying a first condo
The average Toronto condo will run you a pretty penny — costing $736,566 as of the third quarter of 2023 — but that sticker price is not the only factor you’ll want to consider for such an important purchase.
Toronto: In buyers’ market territory for first time in decades
October marks another month of bad records for Toronto real estate with sales down 5.8 per cent since the same month last year and the region has posted one of the lowest numbers for October home sales to date.
Calgary REB reports 17 per cent rise in Oct. home sales
The Calgary Real Estate Board says 2,171 city homes sold in October, marking a 17 per cent increase compared with the same month last year and among the highest levels it’s ever reported for October.
Cold market: RE prices continue to decline in Fort McMurray
Fort McMurray's housing market, once among the hottest in the province, has seen prices decline in a big way. Since the early-2010s, when a single-family home cost over $700,000, the prices have dropped hundreds of thousands of dollars.
There's too much guesswork in renting an Airbnb
Airbnb will highlight rental listings that have received top scores from guests, information that the company’s CEO says will help bring hotel-like reliability to bookings. Airbnb said that it will roll out what it calls “Guest Favorites” this week.
Kingston ends sleeping cabin program for homeless
On Tuesday night, city councillors in Kingston, Ont., voted to wind down its pilot sleeping cabin project and prepare to move those staying in the cabins to different forms of housing, a plan that would move ahead in March 2024.
Housing crisis reshapes Halifax Remembrance Day ceremony
Halifax’s historic military parade square is usually filled with thousands of people on Remembrance Day, but this year, amid a worsening housing crisis here and across the country, only tents will encircle the cenotaph at Grand Parade on November 11th.
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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