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Housing developers share experience, expertise, risk with partnerships
Developers share experience, expertise, risk with partnerships
Housing developers are forging partnerships in the face of increasingly challenging building conditions, and by combining their efforts and sharing risks, they’re finding ways to bring projects to market.
TO's stalled condo market will make housing shortage worse
A significant housing shortage “the likes of which we’ve not yet experienced” is coming for Toronto’s real estate market in the next few years, despite the current glut of condo listings, experts say.
Experts say Ontario market should rebound soon
A well-supplied Ontario housing market throughout the spring and early summer meant that potential home buyers benefitted from increased choice and more negotiating power on prices. As a result, more and more properties were sold well below their original prices.
Prima focuses on local buyers at 49-storey Monogram tower
Prima Properties is putting faith in rising demand from local condo buyers as it gears up for a fall launch of a major downtown Vancouver residential tower, the 49-storey Monogram.
Will new mortgage rules help you afford a new home?
As of Thursday, first-time homebuyers will have 30 years to pay off insured mortgages, which is required when a down payment is under 20 per cent of the home price. However, the policy will only apply to newly built homes.
Canadian families captured more new housing as rates rose
New data from the Canadian Housing Statistics Program at Statistics Canada shows more new condo apartments were owned by end-users in 2022. As interest rates climbed, prices stalled and investors no longer saw the same return potential.
Coalition asks govts. for tax breaks to pass on to homebuyers
A new group of Ontario developers, the Coalition Against New-Home Taxes, has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers.
Rising home prices this year: Which regions lead the way?
Of 26 cities analyzed by Zoocasa, three had more than a 10 per cent increase in benchmark single-family home prices since January: North Bay, Sault Ste. Marie and Sudbury. Outside of Ontario, the Prairies saw the next largest price gain.
As condo market sags, maybe renting is better after all
OPINION: A one-bedroom Toronto condo priced at $550,000 with taxes and fees costs about $3,200 a month for mortgage payments. Renting a similar unit in Q1 averaged $2,400 a month. For investors, the math no longer works.
What happens if you delist your condo?
A growing number of condo owners are choosing to delist their property until the sellers’ market becomes more favourable. But what sort of consequences may they face for that decision?
Illegal short-term rentals in Victoria still operating
Hundreds of short-term rentals are still operating illegally in Victoria after new regulations came into effect in May, according to the B.C. Ministry of Housing. Mayor Marianne Alto said the city’s numbers show an estimated 560 unlicensed, “technically illegal” units.
Over 100K short-term rentals could be long-term housing
An estimated 107,266 short-term rentals operating in Canada in 2023 could have served as long-term housing, according to a new study from Statistics Canada. Listings for short-term rentals increased by over 60 per cent in Canada from 2017 to 2023.
Red tape hindering tiny home construction in Kitchener
Wendy Woolcox said she has a beautiful spot at the side of her duplex, perfect for a tiny home. The utilities are ready to go. But the final sign-off from the City of Kitchener has yet to come through.
What does $1M get you in London? A lot more than it used to
“In 2022, $1 million wouldn’t get you a large home (in London, Ont.) . . . Now, $1 million-plus looks a lot different; it gets you a 3,000-square-foot home in a good neighbourhood," according to broker Shahin Tabeshfard.
London mortgage broker and company face $82K in fines
The Financial Services Regulatory Authority of Ontario said Tuesday it fined William Handsaeme $7,500 and suspended his licence for one year. It also issued a $75,000 fine against the London, Ont. company he formerly headed, Forest City Funding.
Lawyer told to pay for keeping money from real estate deals
Ping-Teng Tan, a now-suspended Toronto lawyer, hasn't paid two sets of clients more than $1 million the courts have ordered he pay after they sued him for keeping the proceeds from the sales of their home and business.
Could Canada’s housing market wind up like Europe’s?
There’s speculation that Canada’s housing market is headed in a direction similar to much of Europe, with housing prices so out of reach that many people will never be able to afford a home unless they inherit one.
The 50 largest U.S. new-home markets
U.S. housing markets with relative affordability fared the best in 2023, according to Builder Magazine's annual Local Leaders List. While affordable coastal markets have struggled largely due to rising prices, markets in the Southeast continue to demonstrate strength.
U.S. pending home sales surge in June
The U.S. National Association of Realtors said on Wednesday its Pending Home Sales Index, based on signed contracts, surged 4.8 per cent last month to 74.3. Pending home sales rose in all four regions last month.
Engel & Völkers announces collaboration with Canva
Global luxury real estate brand Engel & Völkers announced a new strategic relationship with visual communications platform Canva. The collaboration provides the Engel & Völkers network with tools designed to enhance their digital and social media presence.
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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