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IBG opens multifamily dev. design library to save time, money
IBG opens multifamily dev. design library to save time, money
Whistler, B.C.-based builder and developer Innovation Building Group (IBG) has launched IBG Designs, a building plan platform for climate resilient multifamily structures aimed at cutting costs for the industry.
Why developers should build larger housing units for families
Toronto’s housing market often overlooks a significant demographic: families. While there's a growing trend toward compact living and urban density, the demand for larger units that cater to families' needs remains largely unmet and a substantial missed opportunity for developers.
Housing groups aim to raise $110M with community bonds
Tapestry Community Capital says housing groups across Canada are aiming to raise $110 million through community bonds to secure affordable living options. Eleven charitable, non-profit and co-operative housing providers will apply the funding model to 3,000 housing units.
Council endorses projects adding 1,150 new London homes
Politicians endorse three projects that will add 1,150 new London homes. Despite concerns from both local residents and city staff, city politicians pushed ahead Tuesday with the projects.
West Vancouver Council bows to B.C. density legislation
With the pending expiration of an ultimatum given by the province, District of West Vancouver Council begrudgingly approved the required bylaws to align with the province’s new legislation related to small-scale, multifamily housing during a public meeting Monday.
Restrictive covenants not wiped out by new B.C. legislation
The B.C. government acknowledged Tuesday that housing legislation it passed to allow more housing units on single-family lots does not override old land-title covenants that could restrict the construction of multi-unit buildings on a property.
RE/MAX finds increased home values, sales in some markets
The RE/MAX Hot Pocket Communities Report surveyed 83 markets in the Greater Toronto Area, the Greater Vancouver Area and the Fraser Valley, and found nearly 40 per cent of markets (33/83) report higher detached housing values this year.
Lenders see more homeowners pick variable-rate mortgages
Following the Bank of Canada’s two consecutive interest rate cuts, with potentially more to come by year-end, variable-rate mortgages are piqueing homeowners' interest again having dropped 0.25 per cent to 4.5 per cent in July.
Some Toronto homebuyers are back — but cautious
Are interest rate cuts enough to spur more activity in the Greater Toronto Area real estate market this summer after an unusually calm spring? The short answer is, not quite yet.
Expert describes buyer's market for condos in major cities
A condo-buying frenzy swept most major Canadian cities during the peak of the pandemic around 2022. Now, the situation has flipped, with sales slowing in certain areas, according to Erica Reddy, an agent and analyst in Toronto.
As interest rates rise, smaller landlords look to sell homes
Higher interest rates that have kept first-time homebuyers from entering the local market have started to force mom-and-pop investors in London to sell properties as borrowing costs rise, a trend already seen in more expensive Canadian markets.
OSC investigates realtor amid stalled real estate projects
A realtor who raised more than $25 million in promissory notes from small investors for a series of stalled real estate projects has been ordered by a division of the Ontario Securities Commission to stop all trading in securities.
B.C.’s new eviction rules put home sales in jeopardy
When rumours started flying this spring the B.C. government would extend the timeline for evicting a tenant during a home sale, Carole Caffrey’s clients immediately started looking to sell rental properties before the new rules took effect.
Homeowner returns home after tenants ordered to leave
After months of sleeping in a car and couch surfing, Ayesha Asghar will soon live in the home she rightfully owns following a Landlord and Tenant Board (LTB) decision to evict tenants who refused to leave.
Renter regrets buying more affordable home in small city
Brandon McCready never really wanted to buy a house, but his family managed to convince him. McCready’s parents view home ownership as a path to a stable, financially prosperous life; more than half of Canadians own their own home.
Unaffordable housing top B.C. human rights issue: Report
Inequalities are baked into B.C.’s justice, health and child-welfare systems and human rights problems abound in schools, hospitals and workplaces, its human rights commissioner Kasari Govender says, highlighting issues people face contacting provincial offices.
Quebec flooding impacts homes, home-based businesses
Quebecers have experienced unprecedented flooding in their homes in recent days and some have seen water infiltrate their business operations. Francis Bérubé, director of provincial affairs for CFIB noted SMEs do not have "the same financial backbone" as large companies.
Homeowners consider class action against Laval after flood
Residents who were victims of last week's flood in Quebec are considering a class-action lawsuit against the City of Laval. However, they're exposed to "super-complex" procedures and could spend more than 10 years in court, an expert warns.
Short-term rental operators mobilizing in Nova Scotia
Last week, the province announced new Short-term Rentals Registration Act regulations, effective Sept. 30. The regulations will require operators to provide proof of compliance with municipal bylaws, written consent from the property owner and proof of primary residence.
Vacation rental industry steps up lobbying in U.S.
Growth in short-term rental supply has slowed in 17 of North America’s 30 largest cities in 2024, according to KeyData. In response, Booking Holdings, Expedia Group’s VRBO, and smaller operators are lobbying to head off local restrictions that limit supply.
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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