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Why Canada's multiplex revolution is moving slowly

2 days ago

Why Canada's multiplex revolution is moving slowly

When B.C. passed Bill 44 in 2023, requiring all municipalities in the province to permit up to three or six units on single-family lots as of right, it was described as revolutionary. On the ground, the pace tells a different story.

Housing starts held back by up to 30% since 2006: CMHC

A CMHC report that looked at the housing market from 2006 to 2024 estimated that annual housing starts could have been nearly 30 per cent higher in 2024 if the Canadian housing industry had been as responsive as the U.S.

BMO-backed lenders block mass condo exits in court ruling

In a ruling affecting creditor-led restructurings, the Quebec Superior Court dismissed a condo purchasers’ application against the Phillips Square Phase I developer, rejecting claims of contract default and purchasers’ rights to terminate agreements and recover deposits through a notice process.

Google changed search. Here is what agents need to know

A growing number of Google searches are now returning an AI-generated answer at the top of the page – not 10 website links, but a synthesized response with sources collapsed behind a button that many people skip.

GTA broker cracks open Ontario’s data centre boom

Katie Steinfeld’s vision is for real estate agents to help bring clarity to clients about data centre development and what it could mean for their communities. The problem, she said, is a lack of resources to help the public understand this growing sector. 

HST rebate fails to thaw Toronto's frozen condo market

Ontario’s temporary HST rebate has defrosted parts of the new housing market but Toronto condos are still on ice. For the first time in three years, single family home sales rose above historical norms in April. Condos, however, remained near record lows.

B.C. housing sales stay weak in April

B.C.’s housing market remained tepid into April as sales pointed to another disappointing spring market. Seasonally adjusted home sales decreased by 1.1 per cent in April to 5,227 units after a 0.5 per cent drop in March.

A late spring stunts Ontario's cottage country market

Fierce spring weather and significant flooding in Muskoka and other parts of Ontario have combined with economic uncertainty to create a damp start for the cottage real estate market.

Mortgage affordability worsens in Montreal

According to a recent affordability report from mortgage brokerage firm Ratehub.ca, mortgage affordability worsened in April for 12 major Canadian cities. If you want to buy a home in Montreal, you now need a household pre-tax income of $128,240.

Calgary housing starts decline in April

New homes activity in Calgary continued to trend downward in April with starts decreasing for all housing types. Canada Mortgage and Housing Corp. statistics from last month show the city’s 1,257 starts marked a downturn of almost 60 per cent year-over-year.

New home sales jump in Ottawa as tax break takes effect

A report from the Greater Ottawa Home Builders' Association shows 744 new homes were sold in April, up more than 160 per cent from the previous month. The jump is being credited to a federal and provincial tax relief program.

6-storey building proposed for Old Ottawa East

A new six-storey residential building is proposed to overlook the Rideau Canal in the Old Ottawa East neighbourhood. The proposal by JB Holdings would replace the existing four-storey low-rise apartment building at the site on Echo Drive.

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