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The time for prefabricated housing is now: Great Gulf
The time for prefabricated housing is now: Great Gulf
Great Gulf Group of Companies, a Toronto-based commercial and residential property builder, developer and manager, is a leader among its peers for its early adoption of prefabrication through its H+ME Technology business.
Sales 'surprise' at uber-luxury Curv condo tower in Vancouver
Even veteran real estate broker Jacky Chan is surprised at the buyer action that met the Curv in Vancouver — the tallest Passive House tower in the world and among the most expensive condo developments the city has ever seen.
Half Toronto condos built in recent years were investor-owned
Of the tens of thousands of condos built in Toronto between 2016 and 2021, more than half have been scooped up by investors contributing to the rise in the number of condos, according to an updated Canada Housing Statistics Program
Toronto builder’s projects stalled as construction woes mount
Unpaid contractors and unsatisfied buyers are demanding answers from a Toronto-area developer that is years behind on delivering multiple condominium projects. Vandyk Properties has a decades-long history of building primarily low- and mid-rise residential multifamily projects.
Planning mismatch between housing and transit needs fixing
There is much room for improvement to integrate housing and public transit infrastructure planning in Canada, including catalyzing more transit-oriented development opportunities, according to a newly released study by the Canadian Urban Transit Association.
With new towers, will London finally get grocery store?
With no full-service grocery store within easy walking distance, some struggled to envision downtown London as a place to live. With just under 8,000 people living downtown, according to a 2021 report, grocery retailers may not have seen the opportunity.
Renderings of a 28-storey res tower with a fire hall in Van.
There are new artistic renderings showing the detailed architectural design of the plan to build a 28-storey, mixed-use tower with social housing, a fire hall and a childcare facility in downtown Vancouver at Beatty and Nelson Streets.
Hamilton council wants RCMP to investigate boundary change
Hamilton city council is requesting the RCMP investigate not only Ontario's Greenbelt land removal but also its decision to make surprise changes to its official plan after a developer's exact request for condos was copied into the plan.
Waterloo region, Guelph officials react to official plan changes
Officials in Guelph and Waterloo Region offered mixed reactions to "roll back" changes to municipal official plans. The region had received approval in April for an additional 2,380-hectare settlement boundary expansion, which was subsequently removed from its plan.
Economists analyze latest rate decision, predict 3% in 2024
The Bank of Canada held its benchmark interest rate at five per cent on Oct. 25, its second consecutive pause. Avery Shenfeld, chief economist at CIBC Capital Markets noted the bank had not reached its two per cent inflation goal.
Cdns. with mortgage jitters: Extending, switching lenders
A Royal LePage survey conducted by Nanos found 74 per cent of Canadians with a residential mortgage renewing within the next 18 months are concerned about the refinancing. A total of 3.4 million Canadians will renew mortgages by March 2025.
A 47-year mortgage and even longer ones could be coming
Canada's top banking regulator will soon implement new guidelines for the mortgage market for banks and mortgage insurers. Among the expected changes will be some aimed at reining in a surge of negative amortized loans.
It's time to review mortgage structure, not eliminate GST
OPINION: With no mechanism to control rent prices, nor a precise definition of “affordable housing,” the GST waiver is insufficient, or even poorly targeted. While designed to stimulate the rental housing supply, there is no guarantee of reduced rents.
GTA home sales rise sharply but well below 10-year average
A report from the Building Industry and Land Development Association (BILD) shows that 1,885 new homes were sold in September, a 303 per cent rise from September 2022. However, sales remain down 32 per cent compared to the 10-year average.
N.S. government releases $1B 5-year housing plan
Nova Scotia's housing minister released a five-year strategy on Monday that he says represents at least $1 billion in provincial government spending and will create conditions to build at least 41,200 housing units.
More housing measures in fall budget update: federal gov't
Housing Minister Sean Fraser says the federal government will reveal more housing measures in the fall budget update and in the future to ramp up homebuilding across the country, with current focus being on short-term rentals.
Airbnb, short-term rentals under scrutiny in Calgary
Short-term rentals in Calgary will be under the microscope in 2024 as the city and the University of Calgary partner on a public consultation that is intended to acquire greater understanding of the “issues and opportunities” for short-term rentals.
Condo manager suspended after using reserve funds to buy cryptocurrency
A condominium corporation’s decision to spend $500,000 on a cryptocurrency product called “Pink Piggy Investment Group” has resulted in the suspension and potential revocation of the license of the condominium manager by the Condominium Management Regulatory Authority of Ontario.
Housing prices are high — and potentially illusory
OPINION: Many aspects of the economy are still being buffeted by ripples from the pandemic, which makes precedents hard to apply, and should make everyone cautious as to their judgments. Housing market data is also, inevitably, reported with a lag.
Economists warn of 'huge ripple effect' in U.S. from 8% mortgage
As 30-year fixed mortgage rates have just topped eight per cent, demand for home loans has dropped. The Mortgage Application Index kept by the Mortgage Bankers Association suggests fewer Americans are applying for mortgages than any time since 1997.
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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