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Alair Homes announces leadership shakeup, names Rob Cecil CEO
Alair announces leadership shakeup, names Cecil CEO
Alair Homes, one of North America’s largest residential developers, has promoted Rob Cecil — who will retain his existing title as president — to chief executive officer. This marks Alair Homes’ first leadership change since it was founded in 2007.
Canada's 'sluggish' housing market in recovery mode
Real estate brokerage Royal LePage’s latest housing market forecast predicts a real estate rebound that will see Canada’s “sluggish” markets in recovery mode by spring, following a third straight interest rate cut.
Developers doubt mortgage changes will spur demand
Changes announced in mid-September to loosen Canadian mortgage rules are not expected to make much difference for builders of new homes, especially with prices for preconstruction homes surpassing the price of existing homes and the cost of borrowing relatively high.
Toronto is losing multiplexes to luxurious single-family homes
According to an analysis published by University of Toronto’s School of Cities, Toronto lost at least 200 units from 2017 to 2023 when multiplexes were converted into single-family homes. There are generally no barriers for homeowners to undertake these conversions.
Feds unveil new mortgage refinancing for secondary suites
The government of Canada has announced a new insured mortgage refinancing product that lenders and insurers will be able to offer homeowners looking to add secondary suites to their properties as of Jan. 15, 2025.
A guide for Canadians renewing their mortgage
It’s best to go into the mortgage renewal process armed with knowledge of the kind of terms you’ll face and your options. Knowing in advance what you’re in for can take some of the sting out of “rate shock.”
Romspen head office searched by Quebec’s tax agency
The Toronto office of Romspen Investment Corp. has been searched by Revenu Québec during an investigation into one of the private mortgage lender’s borrowers. Revenu Québec declined to comment and said it would not disclose the nature of its probe.
Rate cuts have ‘barely’ improved housing affordability: expert
Royal Bank of Canada (RY-T) economist Robert Hogue says that recent interest rate cuts by Canada’s central bank have improved affordability in the country’s housing market, but not significantly.
Real estate agents issue warning as Ottawa home sales jump
Ottawa's real estate market saw an 11 per cent boost in sales in September as interest rates continued to fall, but real estate agents warn "chronic supply issues" are hurting the market.
Condo inventory growing in most major Cdn. markets: report
A new report by Re/Max Canada says condo inventory is on the rise in most major Canadian markets, as more sellers are listing their properties in anticipation of growing demand from buyers.
New York Times covers Toronto's shrinking condos
According to StatCan data that spurred the New York Times' coverage, the average size of a Toronto condo built post-2016 in the city is only 640 square feet, while those built before then average around 950 square feet.
Manitoba to put up $10M for new housing investment trust
The Manitoba government is putting up $10 million for a new fund aimed at getting more affordable housing units on the market. The trust is being developed by the Business Council of Manitoba.
Company must refund deposit after failing to finish Van. home
A West Vancouver company, Benbow Residences Inc., has been ordered to repay a homebuyer's $1-million deposit after it failed to complete construction on the property in time. The home had a purchase price of $5.38 million.
Buyers out $1.6M in deposit money at modular home site
Eighteen would-be homebuyers who collectively shelled out an estimated $1.6 million for modular home units that were never built learned their money is gone following a change in ownership at Shelter Cove, a Selkirk, Ont. retirement community.
Older Canadian homeowners more financially stable
A survey commissioned by HomeEquity Bank shows 95 per cent of Canadian homeowners aged 75 and older are very satisfied or somewhat satisfied with their lives, compared to just 79 per cent of Canadians in their 50s.
One of T.O.'s cheapest 3-bedroom homes still over $800K
According to its listing, 45 Strader Ave. is the cheapest three-bedroom home in Toronto's neighbourhoods of Oakwood-Vaughan, Humewood-Cedarvale, Forest Hill South and Yonge-Eglinton. And while it might technically be the cheapest, the home is still listed for $825,000.
What Cdns. with homes in Florida need to know as a hurricane bears down
As Hurricane Milton approaches Florida, the second Category 4 storm to hit the Gulf Coast in two weeks, many Canadians are grappling with uncertainty. More than half a million own homes in the Sunshine State.
Falling U.S. mortgage rates may be prompting more homeowners to sell
Homebuyers in the U.S.'s priciest markets may soon see some relief as falling mortgage rates prompt more sellers to list their properties. The number of newly listed homes climbed 4.2 per cent last month, according to Realtor.com.
Why the homebuilding industry needs more women in every role
While the percentage of women in homebuilding continues to grow, it’s still relatively uncommon to find women leading job sites. Cindy-Ann Lucas of California-based Tri Pointe Homes is trying to break that stigma.
Tiny Ontario town selling properties for $10 a pop
It’s hard to buy a decent hamburger for $10 anymore, let alone property. But in Cochrane, Ont., a 5,000-person town 700 kilometres north of Toronto, one purple banknote could soon net Canadians their very own chunk of land.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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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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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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