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CMHC-insured modular apartment loan a first for prefab housing
CMHC-insured modular apt. loan a first for prefab housing
The first modular apartment construction loan in Canada to be insured by the Canada Mortgage and Housing Corporation (CMHC) could break the dam for future projects of its kind, says the asset manager closing the deal.
New Rossland, B.C. city hall opens with housing on top
A new housing complex in Rossland, B.C. is situated right on top of city hall. Known as Rossland Yards, it is a four-storey building that has the new municipal headquarters at grade and three levels of housing units above it.
ClubLink clears legal hurdle to contentious housing dev.
ClubLink is one step closer to replacing the Kanata Golf and Country Club with 1,480 housing units — a proposal that prompted local opposition and a failed attempt by the City of Ottawa to argue its case at the Supreme Court.
New subdivision proposed near Oakville conservation area
A developer, Bronte River LP, is hoping to build 164 new homes next to Oakville’s Bronte Creek Provincial Park, a proposal that incorporates 83 single-detached dwellings and 81 townhouse dwellings on a 12-hectare site.
Calgary condo sales buoyed by relative affordability
Calgary is the notable exception, and one of two major cities in the Re/Max 2023 National Condominium Report that have seen sales grow year over year in the first eight months of the year.
Ontario's Greenbelt bill aims to quash $120M lawsuit
New provincial legislation that will reinstate Ontario's Greenbelt also seeks to shut down a developer's $120-million lawsuit that began before the current government took office. The new bill seeks to stop landowners from taking any future legal action.
Ont. cities ask province for Greenbelt work compensation
Two Ontario municipalities, Pickering and Grimsby, are asking the provincial government to reimburse them for more than $400,000 in costs they incurred while working on the now-reversed Greenbelt land removals in their communities.
Que. construction industry shakeup needed to boost housing
How many workers does it take to shift a wall in Quebec? Too many, says Isabelle Rinfret of construction and real estate management company Arvisais, based roughly 95 kilometres northeast of Montreal, in Louiseville, Que.
Most gateway cities are prone to wildly unstable housing
In 2010, professor David Ley wrote a seminal book, Millionaire Migrants: Trans‐Pacific Life Lines, on the impact of cash flooding into Vancouver’s property market following Expo 86. Now, he’s released a follow-up book, Housing Booms in Gateway Cities.
Mortgage payments a struggle for more Canadians: Survey
Data released Monday by the Angus Reid Institute shows 15 per cent of mortgage holders say they find the financial aspect of their mortgage "very difficult," up from eight per cent in March and 11 per cent in June.
Why some Canadians are considering a co-mortgage
Joe Bondy, with Dominion Lending Centre in Windsor, Ont., is promoting an event called Super Mortgage Mingle. He says it's a chance for would-be homebuyers to meet like-minded people with similar housing aspirations — in many ways similar to online dating.
Renewal options when mortgages creates sticker shock
Research from the Bank of Canada shows nearly half of Canadian mortgages had amortizations longer than 25 years as of June 30, 2023. The proportion has been climbing steadily from 32 per cent in the summer of 2020.
Ont. woman: Using 'cash for houses' company a mistake
Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast. Thompson had seen street signs and posters in her neighbourhood — companies offering to pay quick cash for houses. She also received a hand-written flyer in the mail.
More Toronto owners evicting tenants to move in themselves
An eviction for personal use in Ontario, is for property owners who intend to move themselves, a family member, a parent or child into their housing unit. In Toronto, more landlords claim they are evicting tenants for this reason.
Cottage country regulation is making it hard to rent cottages
Glen Sloutsky was enjoying a weekend getaway with friends at his cottage in Tiny, Ont., north of Barrie, when, unbeknownst to him, the casual get-together attracted attention from some locals who took photos of the vehicles parked outside the property.
These short-term rental owners followed all B.C.'s regulations
Two Airbnb operators in British Columbia say properties that are specifically zoned for short-term rentals should be exempt from incoming provincial legislation that means owners in cities can only offer short-term rental if they live in the home
The OACIQ tightens the screws on real estate brokers
Barely 16 months after amendments to the Quebec Real Estate Brokerage Act to prohibit the same broker from representing both the buyer and the seller in a transaction, the rules will change again. Brokers are getting around the ban.
Kitchener Ont. is Canada's most diverse city says Preply
Toronto is known globally for its cultural diversity, but its surprisingly not even on the Top-10 ranking for Canada’s most diverse large cities. According to e-learning platform Preply Kitchener ranked as the most diverse large city in Canada.
Waterloo housing market amongst the worst in Ontario
With the ongoing housing crisis in Canada, the 2023 Vital Signs Report for Waterloo Region found that the crisis is affecting vulnerable individuals. Between 2016 and 2021, 114,753 people came to the community, while 63,000 people left.
Neighbourhood gems like Park Snacks café are disappearing
This week, a For Sale sign appeared in front of Park Snacks — a small, jaunty café that blends in with the surrounding houses. In the past Cabbagetown residents have stopped there to indulge in a frosty scoop of ice cream.
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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