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Windmill, church partner on Stone Abbey condos, townhomes
Windmill, church partner on Stone Abbey condos, townhomes
Windmill Developments has proven the end user reigns supreme with Stone Abbey Residences, a boutique infill project by the Rideau Canal in downtown Ottawa. The downtown development comprises 19 fully occupied luxury condominiums, plus townhouses.
Ont. mortgage balance in ‘severe delinquency’ tops $1B
In Ontario, the total mortgage balance reaching “severe delinquency” — 90 days or more without payment — exceeded $1 billion for the first time in the first quarter of 2024. That’s double the level recorded before the pandemic, a report stated.
'$100,000 per new home needed in support infrastructure'
As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.
How the capital gains tax hike could affect development
Deputy Prime Minister and Minister of Finance Chrystia Freeland introduced legislation on Monday to bring forth changes to how capital gains are taxed, a highly controversial move first revealed in April and coming into effect June 25.
Bidding wars still happening in the GTA
Last month, 36 per cent of Greater Toronto Area (GTA) neighbourhoods were in overbidding territory, which declined for the second month in a row, after being at 39 per cent in April and 43 per cent in March, Wahi reports.
Que. trails Ont. on residential construction site productivity
A new study takes stock of a neglected aspect of the housing crisis: the productivity deficiencies of the construction sector. The study notes the regulated residential sector of Quebec has lower productivity than Ontario by about 14 per cent.
Racing toward another housing disaster with Villiers Island?
OPINION: Gradually, then suddenly. That line from Ernest Hemingway comes to mind this week, as Toronto City Council considers one of its most important plans in a generation: the vision for Villiers Island, a major new waterfront neighbourhood.
Montreal is last in class for housing starts
COLUMN: In construction, let's hope Montreal has reached the bottom of the barrel and the situation will improve. Housing starts have declined more in Montreal than the rest of the country. And deadlines for obtaining a permit have more than doubled.
Rate cut could fuel demand, increase home prices in Calgary
The Bank of Canada has cut its overnight lending rate by 25 basis points, a move not seen since March 2020, and one that real estate experts say could further drive demand for homes in Calgary’s already hot housing market.
BoC rate cuts won’t necessarily reduce mortgage costs
OPINION: Media reports abound with speculation about how Bank of Canada (BoC) interest rate cuts will lift the Canadian housing market. Less has been said, however, about how for many homeowners lower rates won’t actually reduce borrowing costs.
Younger homeowners more likely to be financially stressed
In a new Leger survey, 68 per cent of respondents between 18 and 34 years of age, with a mortgage, say they are very or somewhat financially stressed about their mortgages, compared with 62 per cent across all homeowners.
London is proposing to protect renters from 'renovictions'
Politicians in London, Ont. are set to debate proposed new rules protecting renters from so-called renovictions, including requiring professional approval that repairs are so extensive the existing tenant must be turfed.
Concerns over plans to double housing in Caledon
The town northwest of Toronto is proposing to more than double its housing stock over the next two decades, far exceeding its provincial growth target and fuelling concerns from some residents about the rapid pace of development.
Vancouver Island recreational property prices set to rise
Recreational property prices on Vancouver Island and across Western Canada will likely rise this year as many owners hang on to properties despite interest rates, short-term rental restrictions and a proposed capital gains tax increase, according to two key reports.
Gentrification fears in one of Toronto’s poorest areas
When Elias Makhoul opened Mystic Muffin 32 years ago at the corner of Jarvis and Richmond streets, he didn’t anticipate the drastic changes the area would see. Forty new developments are planned around Moss Park, including seven luxury condos.
When can a shipping container be said to be a home?
A Surrey, B.C. couple placed a shipping container with a door and three windows on their property. The city took them to court and a judge ruled the structure remained a prohibited shipping container despite its current use.
Canada Post resists pitch to move Halifax sorting plant to allow for housing
The Liberal member of Parliament for Halifax is pushing for Canada Post to unload a prime plot of land in the city core to be redeveloped as housing, but the Crown corporation is resisting.
Toronto Post office sale a missed opportunities to build housing on federal land
Turning publicly-owned properties into homes is something the federal government is eager to try, but in some areas, it's too late. Last December, about 50 Toronto residents packed a meeting on the fate of their 121-year-old post office.
Keeping community together: 270 seniors units for Winnipeg
Sherry Mooney knows too well how difficult it is for a senior in west Winnipeg looking to downsize. A resident of 30 years, Mooney searched high and low for an apartment in a 55-plus complex, but came up empty.
Construction of Pallet shelters for seniors underway in Nova Scotia
Construction on a Pallet shelter "village" for homeless and at-risk seniors is underway in Dartmouth, the province says. Community Services Minister Brendan Maguire hopes the facility will open before winter "so that people will have those roofs over their heads".
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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