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Ottawa builder buys 189 acres in Pembroke, plans housing
Ottawa builder buys 189 acres in Pembroke, plans housing
Entry-level housing, innovation and social connection will be prioritized in a community planned for a 189-acre tract in Pembroke, Ont. now owned by Ottawa developer Creative Dev Ventures.
Speed of approvals is the No. 1 issue: Mattamy Homes
Brad Carr, CEO of Mattamy Homes Canada, and Carol Stephenson, director of Mattamy Homes, pointed to the shortage of skilled labour as a stumbling block for builders. Stephenson noted the much faster timelines in the US for delivering housing supply.
Flagship buys 1,253 lots in U.S. manuf. home communities
Canadian publicly listed company Flagship Communities REIT has entered into agreements to acquire seven manufactured housing communities, comprising 1,253 lots, for an aggregate purchase price of approximately $128-million, the REIT's single largest property acquisition.
Toronto to get first Catholic school in a high-rise condo
Concord Adex submitted a proposal last month for a 36- and 46-storey tower with a Toronto Catholic District School Board elementary school at grade, part of a development trend in the city that incorporates schools into residential towers.
Proposal wants Rogers HQ land to be used for housing
The site where the post-modern palatial headquarters of telecom giant Rogers is located in Toronto also has a group of mostly vacant single-family homes. A new proposal calls for expropriating the land to make way for urgently needed housing.
Kingston council defers housing for environmental study
Kingston city council has overruled a planning committee decision to support a development proposal from Armitage Homes Ltd. and Arcadis which would include 41 single detached houses, 66 double-stacked townhouses and 120 triple-stacked townhouses.
Vrancor appeals tower plan in historic downtown Hamilton
Developer Vrancor has launched a provincial tribunal appeal to advance a new plan for 41- and 39-storey towers in historic downtown Hamilton. The builder’s previous plan had four towers of 15 and 27 storeys on the same parcel.
Vanc. outlines plan based on B.C.'s housing requirements
After months of reviewing the Government of British Columbia’s various new legislation directing municipal governments to enact housing development reforms, the City of Vancouver has identified a path forward for meeting the wide range of new requirements.
18-storey wooden buildings? Bring them on: Element5
Ontario is about to alter the building code for mass timber towers using all-wood construction, allowing them to go as high as 18 storeys. Element5, which supplies wood panels used in mass timber construction, anticipates increased demand.
N.B. tiny home village complete, one house a week for 2 years
The final home is in place at a tiny house community in Fredericton, where a local entrepreneur backed a project to provide access to affordable, safe housing. The builder was ‘cranking out’ a house a week for two years
Ontario regulator freezes assets of unlicensed builder
The Home Construction Regulatory Authority has frozen the assets of Albion Building Consultant Inc. An investigation found evidence the company took money for as many as 53 separate homes in Toronto built without a proper licence to build or sell.
Sask. firm that lost investors' millions reaches settlement
In a settlement with the Financial and Consumer Affairs Authority (FCAA) approved earlier this month, Rochelle Laflamme and Alisa Thompson, the founders of the now-defunct company Epic Alliance, have agreed to pay fines totalling $300,000.
A buyers' market for condo apartments in Barrie, Ont.
In January,16 condo apartments were sold in Barrie. The average sale price was $511,344, units were selling for 96 per cent of the original list price, and were on the market an average of 68 days.
Pain of mortgage payment shock is not over
Even with interest rates expected to ease, Oxford Economics forecasts mortgage payments will increase six per cent to $156 billion by the end of 2024, taking mortgage payment’s share of disposable income to the highest on record.
Solving construction worker shortage key to housing growth
Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say. Canadian Home Builders’ Association CEO Kevin Lee estimated 22 per cent of residential construction workers are set to retire over the next decade.
Re/Max Quebec announces death of pres. and founder, Pierre Titley
Re/Max Quebec president and founder, Pierre Titley, who died last Sunday, was known for introducing the company to Quebec in 1981 and growing it. Re/Max currently has 44 per cent market share in Quebec the company says.
CREA applauds federal government's housing strategy
Realtors across Canada have been advocating for collaboration between governments, industry, civil society and the public to tackle the housing crisis. The Canadian Real Estate Association applauds the comprehensive approach outlined in the federal govenment's Canada's Housing Plan.
Ottawa hikes capital gains tax to raise billions for housing
Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending for housing. The government will tax Canadian companies on two-thirds of their capital gains, up from half.
Housing strategy could inflict short-term pain
A long-run focus on boosting housing supply in Tuesday’s federal budget is earning praise from the housing and real estate industries, but some are questioning whether the efforts might make the country’s affordability issues worse in the short term.
$3.2M Banff mansion with 8 bedrooms by the Bow River
A new mansion has been listed for sale in Banff, and it would be perfect for skiing and hiking weekends. Located at 317 Buffalo Street, the home has hit the market for a cool $3,199,900.
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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