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Engel & Völkers opens new office in Ontario’s Kawarthas region

6 days ago

Engel & Völkers opens new office in Kawarthas region

A global real estate brand is opening an office in one of the most prestigious recreational areas in Ontario, as Engel & Völkers welcomes veterans Traci Tempany and Keith Monahan to lead its newest office.

Fixed mortgage rates surge higher as bond yields rise

The gap between fixed-rate and variable-rate mortgages continues to rise despite the Bank of Canada leaving its key interest rate unchanged Wednesday. In recent months the spread has “widened noticeably,” said Jamie David, VP of mortgages at Ratehub.ca.

GTA home prices remain flat in August, new listings fall

Toronto-area home prices remained virtually unchanged in August, continuing a months-long trend of averages hovering around $930,000, while the number of properties coming to the market fell sharply from a year ago, says the Toronto Regional Real Estate Board.

Smaller Toronto condos losing value twice as fast: report

The smallest units in the GTA condo market are experiencing the largest price drops, with micro condos losing value at roughly twice the rate of larger ones, according to a report by real estate platform Wahi Realty Inc. Brokerage.

Designers navigate changing land-use policies in Calgary

Gentle density has taken Calgary by storm. In two years, construction was started on about 5,000 row houses. This left a visible imprint on Calgary’s established neighbourhoods, bringing into focus the effect land-use policies have on a dwelling’s built form.

Canada's water, sewer systems lag housing growth

Municipalities and developers are confronting wastewater plants nearing capacity, sewers that need expansion and aging water systems that already require billions of dollars in investment. The result is that developments are being delayed, phased or stopped.

Wealthy parents driving the Vancouver real estate market

Realtors in Metro Vancouver say they’ve had a surprisingly robust summer compared with previous summers when buyers tend to go on holiday. This year, they say, the market is driven by young buyers who are receiving help from their parents.

Longer amortizations for 60% of new CMHC mortgages

Longer amortizations continued to account for the majority of CMHC’s new insured homeowner mortgage volume in the second quarter, although their share eased slightly from the beginning of the year.

Timber-frame kit homes rise on Shoal Lake 39A reserve

A long-time stick‑frame builder serving remote Indigenous and rural communities as far north as the Arctic, Wayne Allary recently shifted gears, partnering with Cornerstone Timberframes to deliver timber‑frame kit homes built with glulam members.

More Canadians renting out part of their homes

More than one-third of Canadians said they need to rent out part of their home to afford ownership, up from 25 per cent in 2021, according to a June report from Mortgage Professionals Canada.

GTA couple turns backyard into 2-bedroom garden suite

Now retired, the couple spent about a year on the project, replacing their two-car garage with a much swankier arrangement. The renovation allowed them to give their adult daughter their full-sized home while they moved in to the garden suite.

Family’s home demolished due to construction next door

A newly built home has risen from a central Hamilton property less than 18 months after a family lost their original house during construction of a new home next door.

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