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Assembly buys prefab housing factory from Swedish firm

1 week ago

Assembly buys prefab housing factory from Swedish firm

Canadian mass timber construction company Assembly Corp. is looking to fast-track its operations by purchasing an entire factory of robotics systems from Swedish builder Lindbäcks Group, and plunking it down in the Toronto area.

Builders warn of 'brutal blow' to housing sector from tariffs

Some developers say looming U.S. tariffs on Canadian steel and aluminum could be detrimental to the housing sector due to higher costs of key construction materials. The Ontario Home Builders’ Association said the tariffs could prompt an economic slowdown.

Building permits hit highest level since 2017

Canada’s construction sector ended 2024 on a high note, with the total value of building permits surging 11 per cent in December to $13.1 billion, according to the latest data from Statistics Canada.

Rule to fight illegal home sales could punish some buyers

A surge in illegal sales threatened to push Tarion, Ontario’s protection agency for new home buyers, to a breaking point. To address the problem, Tarion introduced a new measure requiring purchasers to notify the agency after buying a new freehold home. 

Anxiety rattles the Toronto-area real estate market

The tentative recovery in the Toronto-area real estate market has given way to another bout of the jitters. Listings are surging in February and buyers are pulling back, industry players say.

‘The dream of homeownership is eroding’

A new report from Re/Max Canada, The Nation of Renters, highlights factors currently shaping the country’s housing landscape. First-time homebuyers are struggling to enter the market, while renters face affordability and supply constraints of their own.

How a trade war could hurt B.C. housing affordability

A cross-border economic clash between Canada and the U.S. could expose B.C.’s housing sector to some concerning cracks in the foundation, according to Jock Finlayson, chief economist with the Independent Contractors and Businesses Association.

Canadian rents could slide further from Trump’s tariffs

National rental rates are 16.4 per cent higher than three years ago, but real estate agents and analysts say the threat of U.S. tariffs and their potential to send Canada into a recession could lead to lower rents.

Peel Region home prices surge 5.3% to $1.03M in January

The average price for a home in Ontario's Peel Region was $1.03 million in January, according to the Toronto Regional Real Estate Board. That’s up 5.3 per cent, or $51,664, from December 2024.

Winnipeg projects with focus on affordability get $58.5M

More than two dozen housing projects in Winnipeg totalling 2,487 new units – more than half of which will be affordable housing – are getting a total of $58.5 million in funding from the federal and municipal governments.

15 to 20 years before Kelowna housing affordability achieved

While the City of Kelowna, B.C. works to achieve internal and external housing targets to meet current and future needs, the city’s planning director says it could take years to restore affordability to the marketplace.

Could tiny homes show up under Toronto's Gardiner?

Converted shipping containers under the Gardiner Expressway, tiny homes with solar roofs, mini shelters in parking garages. These are some of the winning ideas from a competition to identify the best designed tiny home to help ameliorate Toronto’s homelessness crisis. 

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