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MPV2 in Brampton delivers townhomes in transit-oriented development
MPV2 in Brampton delivers townhomes in transit-oriented dev.
When Daniels Corporation acquired a Brampton land parcel for what is now known as MPV2 from Choice Properties and North American Land Development Group just prior to March 2020, it could not have anticipated what was around the corner.
Last days of the NIMBY: Rewriting the rules of development
Last month, councillors in Calgary settled in for what would be the city’s longest-ever public hearing. Over 12 days, more than 700 residents and stakeholders streamed through city hall before a vote on sweeping changes to the city’s zoning rules.
Main streets building plan moving forward in Toronto
Thousands of homes, including lowrise apartment buildings, can be built on main streets across Toronto after a city council move to boost housing supply. Council voted 21-3 to let developers build up to six storeys on major roads without rezoning.
Ontario builder study shows slow supply growth
As governments grapple with the housing crisis, it seems a pile of new supply won’t soon be bailing out the country. Housing Minister Sean Fraser seems to be everywhere, announcing new money for housing while battling municipalities about incentives.
Bank earnings take a hit from ‘mortgage renewal shock’
Canada’s largest banks are expected to report softer financial results in the second quarter, as high borrowing costs continue to burden Canadians facing debt. Earnings could drop by as much as four per cent from the same quarter last year.
Mortgage renewals flagged among top financial risks
The top bank regulator says the biggest red flags on Canada's financial horizon are real estate-secured lending and mortgage risks. OSFI’s watch list cites rising household debt alongside wholesale credit risks and funding and liquidity risks as most worrying.
Ontario to review mortgage practices
Homebuyers’ increasing reliance on private mortgage lenders is flagged as a concern in the in-progress review of Ontario’s Mortgage Brokerages, Lenders and Administrators Act (MBLAA). Practices are reviewed every five years and input is being sought from the public.
Will a central bank rate cut spark a FOMO buying spree?
Lower interest rates may be coming. The latest Consumer Price Index report suggests inflation is cooling and has boosted expectations the Bank of Canada will lower rates by a quarter of a percentage point within the next two months.
Calgary could offer secondary suite bonus of $10k
Calgary city councillors gave preliminary approval to a bid to encourage the creation of additional suites in Calgarians’ homes on Wednesday, as they received their first major progress update on the city’s housing strategy.
Lessons from Toronto’s punishing postwar housing crisis
Toronto was a tough place to live in 1947. It wasn’t about affordable housing; it was the lack of any housing at all. Newspapers told of “53 people living in one house”. The city's ads warned people not to come.
B.C. homebuilding boom is deceiving
OPINION: More than ever, construction cranes pepper the Vancouver skyline. Gleaming new condo towers are going up from North Vancouver to Surrey. House and rental prices are exorbitant and old houses are being razed, giving the impression business is booming.
New homes should be available, affordable AND accessible
OPINION: Dave Wilkes is president and CEO of the Building Industry and Land Development Association (BILD). With 1.5 million homes needed in the GTA to address supply shortages, an opportunity to tackle two other critical issues, sustainability and accessibility, arises.
Home exemption can help minimize taxes on capital gains
The federal government has taken heat for its proposed changes to the capital gains inclusion rate. Both investors and ordinary property owners may be affected, so here is an explanation of how the principal-residence exemption works.
New report highlights Canada's most liveable cities
Struggling to balance work obligations with family time, social connections and daily errands? It might be worth considering a move to Burlington — or any of the other cities that topped the rankings for overall liveability, according to a new report.
What to consider before co-owning a home
For many Canadians, the dream of home ownership can seem just like that. But some are finding creative ways into the market. Royal LePage found that six per cent of homeowners co-own property with someone other than their significant other.
Toronto builds the ‘missing middle’ in a parking lot
They are the unicorns of Toronto housing: small-scale apartment buildings with a few dozen units that could fit effortlessly into low-rise neighbourhoods. Hundreds dot older areas and some of Toronto's post-war suburbs, but newer versions haven’t been constructed for decades.
Attempt to stop Willowdale housing project fails
An Ontario court rejected the latest attempt to stop construction of 59 apartments in Willowdale for people escaping homelessness. The Superior Court of Justice refused to hear an appeal of a January Ontario Land Tribunal decision on the three-storey building.
Edmonton tax change spurs clean up derelict properties
Dozens of homes have been cleaned up across Edmonton following a change to the tax rate on derelict homes. A first for Canada, the new tax sub-class slaps derelict houses with a property tax about three times higher than average.
Housing in ‘deliberately underfunded’ First Nations: report
The people of St. Theresa Point First Nation have long decried their decrepit, cramped housing. In an ongoing lawsuit against the government, they have now hired construction and safety consultants. The veteran assessors were taken aback by what they saw.
High rates and high prices pushed U.S. home sales down 1.9%
Mortgage rates and rising prices continued to dampen the spring homebuying season last month. Sales fell 1.9 per cent, the National Association of Realtors reported. Sales dropped across the country, with the Northeast marking the biggest drop (four per cent).
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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