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Minto tackles Toronto's ‘missing middle’ housing at Westshore
Minto tackles T.O.'s ‘missing middle’ housing at Westshore
Minto Group’s Westshore townhome community in south Etobicoke is aimed at the “missing middle” of young families and mature buyers who wish to stay in Long Branch, but also have proximity to downtown Toronto.
Airbnb faces new curbs in Canada after sharp rise in rents
Canada’s government is examining measures to rein in short-term rental services such as Airbnb with estimates that as many as 30,000 more housing units could be made available for rent in Toronto, Montreal and Vancouver if those platforms were restricted.
Van. condo resembles hotel during morning Airbnb rush
The Firenze strata complex in Vancouver’s Crosstown neighbourhood has 457 condos in three buildings. In a letter to the condo corporation residents concerned about daily hotel-like activity at the building say 150 condos units have Airbnb licenses.
B.C. short‑term rental rules hamper retirement plans
Debra Sheets is stunned the province is banning short-term rentals years after she bought four units in the Janion building in downtown Victoria to provide a financially secure retirement. The retiree now owes just over $1 million in mortgages.
OSFI pulls back on some mortgage proposals
Banking regulator Office of the Superintendent of Financial Institutions is shelving some key proposals aimed at keeping homebuyers from loading up on too much debt and protecting bank bottom lines. Most of the January proposals were directed at uninsured mortgages.
Despite falling prices, homebuyers need higher incomes
High interest rates and record-breaking mortgage stress test levels mean aspiring homeowners need to earn more money to qualify for a mortgage, said James Laird, co-CEO of Ratehub.ca and president of CanWise mortgage lender.
Ottawa asks banks to cut fees to help struggling borrowers
Ottawa is asking Canada’s largest lenders to reduce banking fees to help borrowers cope with higher mortgage costs. Since 2022, Ottawa has made three tax changes that have required banks and insurers to pay billions of dollars into its coffers.
More housing, not more occupants, solution to shortage
A BNS report, frequently cited as a reference for occupants per housing unit, pegs the global average at 424 dwellings per 1,000 population while population-adjusted housing stock data for CMAs in Canada is 360 dwellings per 1,000 population.
Annual pace of housing starts rose 8% in Sept.: CMHC
CMHC reports that the annual pace of housing starts in September rose eight per cent compared with August as the monthly seasonally adjusted annual rate of housing starts in September came in at 270,466 units, up from 250,383 in August.
Saanich gives thumbs up to 14-townhouse project
A 14-unit townhouse project in the Shelbourne Valley passed a major hurdle as Saanich council approved its rezoning, contributing to Saanich's achieving its target of 4,610 new housing units over the next five years.
How can the ‘fourplex’ add to housing supply?
A recent proposal before Mississauga city council that called for more four-unit housing units to be built around rapid transit stops was voted down. In contrast, Kitchener's city council is moving ahead with legislation permitting fourplexes on residential lots.
Mayors think fourplexes an answer to local housing crisis
Kitchener Mayor Berry Vrbanovic and Guelph Mayor Cam Guthrie have both raised the idea to allow fourplexes in their cities. Vrbanovic's notice of motion to permit fourplexes went before councillors Monday night and it was passed unanimously.
Toronto’s luxury housing market's busy summer: Sothebys
Pent-up demand among the city’s wealthiest resulted in a summer rally for Toronto’s luxury real estate market. Southeby's reported that residential transactions over $4 million jumped 37 per cent year-over-year from July 1–Aug. 31 led by single-family homes.
Lower Mainland market conditions rapidly cooling
The latest real estate board data points to a rapid cooling of market conditions. September Lower Mainland home sales came in at 2,960 units, which was 17 per cent below August.
P.E.I. strategy will focus on long term, not 'silver bullet'
Islanders can expect a draft housing strategy from the province this fall, according to the CEO of the P.E.I. Housing Corporation, a Crown corporation under the Ministry of Housing, Land and Communities, tasked with providing islanders with adequate housing.
OREA mandatory health benefit program stirs controversy
In June, the Ontario Real Estate Association (OREA) agreed to create the Ontario Realtors Wellness Program (ORWP), which will enroll all 96,000 members into a health-benefits scheme that would add about $660 dollars to their annual membership dues.
Cottage sellers learn the market has shifted downward
The fall market in Ontario’s cottage country often brings a flurry of deals. Sellers who didn’t land a deal over the summer often trim their prices before winter. Buyers become more serious about seeking out a bargain.
Muskoka watershed report says environment at turning point
The Muskoka Watershed Report Card 2023 includes 14 key takeaways indicating a decline in the popular cottage area's lake water quality including an increase in toxic algae blooms, decline in fish species and reduced calcium in the lakes water.
Lawsuit lobbed against Airbnb with NYC's new regulations
Property owners have begun going after tenants and Airbnb following the start of enforcement of NYC’s short-term rental laws. Canvas Property Group last month sued Airbnb and a tenant in its Upper West Side multifamily property at 207 Columbus Ave.
NBA Legend Rick Fox builds first carbon negative house
Partanna Global has built the world’s first climate-resilient, carbon-negative ‘Home for the World’ in the Bahamas, marking a new breakthrough in sustainable housing. Partanna is a sustainable building materials startup founded by NBA Lakers legend Rick Fox in 2021.
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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