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Wesgroup’s W16 to bring unique style to Vancouver's Cambie Corridor
W16 condos to bring unique style to Van.'s Cambie Corridor
Wesgroup Properties looks to introduce a new architectural style to the Cambie Corridor of Vancouver's West Side through its seven-storey condo project W16. The project will feature a shifting design, staggering the position of each floor plate to improve airflow.
Ontario plans to legislate affordable housing minimums
The Ontario government released new planning rules Tuesday that would require cities to set minimum targets for affordable housing, but promised to listen to local leaders about what to build and where, raising red flags for critics.
Parking spot can add 6 figures to cost of Toronto condo
Sure, location is important, but real estate listing site Wahi found the difference in the cost of a condominium in Toronto with parking compared to one without can be more than $100,000.
Where does the money go when you buy a new condo?
A Toronto Star investigation revealed condo prices include land costs; “hard” construction costs such as labour and materials; “soft” construction costs such as architects’ and lawyers’ fees; government charges; and developer profits.
Affordability improves as income required to buy a home falls
According to an analysis conducted by Ratehub.ca, the minimum income required to purchase an average-priced home fell in the 13 markets examined from June to July. That marks the first time affordability has improved since January, the report says.
Toronto a real estate quagmire even as affordability inches up
The slight easing in housing costs hasn’t moved the needle enough to have people return to the market with the enthusiasm they showed during the pandemic frenzy, but more buyers may move off the sidelines.
Young Canadians optimistic about homeownership: report
About 84 per cent of Canadians aged 18 to 38 say that owning a home is a worthwhile investment, according to a recent Royal LePage survey, and 54 per cent believe it’s an achievable goal.
Now might be a generational opportunity to buy a first home
OPINION: As weak as housing affordability is right now, young buyers may never see better. Mortgage rates have declined and home prices are moving sideways on an average national basis. This is what passes in Canada for a buying opportunity.
Open bidding: Game-changer or business as usual?
Late last year, changes to Ontario’s real estate legislation came into effect making open bidding legal in the province. It was big news at the time, but has it made a noticeable impact?
Ottawa home sales surge, inventory challenges persist: OREB
In July, Ottawa’s housing market saw a significant uptick in activity, with 1,241 homes sold through the MLS system, marking a 13.6 per cent increase from July 2023, according to the Ottawa Real Estate Board.
Why a reverse mortgage should be a last resort
OPINION: Reverse mortgages should be considered only as a last resort for homeowners who really need a bit of tax-advantaged monthly income, who don’t have heirs, and who want to stay in their home as long as possible.
Buyer doesn’t close, liable for $330,000 property value loss
A buyer agreed to purchase a home in Kitchener, Ont., but a week before the completion date, the buyer said the sellers were "required" to reduce the price to reflect a lower appraisal. A court sided with the sellers.
N.S. regulations intended to boost housing in Halifax
Permitting manufactured housing in all residential zones, and temporary housing to allow employees to live on or near a work site, are among initiatives Nova Scotia has announced to create more opportunities for housing in the Halifax Regional Municipality.
Barriers to new building in N.L. are hefty, even in hot market
The housing market in Newfoundland and Labrador is competitive with demand exceeding supply, but there are strong barriers to building more homes to meet ambitious federal targets to ease a housing crunch, according to two industry professionals.
Investment red hot in Calgary's rental real estate market
Investment in Calgary rental properties almost doubled over the first six months of 2024. But Calgary continues to struggle to build the volume of properties necessary to meet its high rental demands.
Peterborough recognized for modular home project
Peterborough, Ont. was honoured at the 2024 Association of Municipalities of Ontario conference for the Modular Bridge Housing Community Project, which saw the conception and planning for 50 modular homes take shape over the course of six months in 2023.
B.C. developer, director fined $99K for causing 'consumer harm'
The B.C. Financial Services Authority said Halcyon Point Development and its director Dale Tortorelli are both liable for failing to provide purchasers with a disclosure statement and for putting purchasers' funds into Tortorelli's business accounts.
I chose to rent my home instead of owning — and I’m much happier
OPINION: For one Toronto resident, being able to live in a neighbourhood she loves, even if she can’t afford to buy there, is much more important than all the promises about home ownership.
Toronto house where Meghan Markle lived for sale
The Toronto house where Meghan Markle lived is on sale for $1.89 million. The two-storey, three-bedroom house is located in Toronto’s Seaton Village. The Duchess of Sussex rented the property for at least two years.
Abandoned U.S. homes in foreclosure down 20% annually
According to ATTOM's Q3 Vacant Property and Zombie Foreclosure Report, 222,934 residential properties in the U.S. were in the process of foreclosure in the quarter, down six per cent from Q2 and 29.3 per cent from Q3 2023.
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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