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Canadians still dream of a single-family home, despite high costs
Canadians still dream of a single-family home, despite costs
Owning a single-family home is still the dream for most Canadians interested in purchasing housing during the next five years, a Wahi survey reports. This is despite an increasing focus on multiresidential living to tackle housing availability and affordability concerns.
Housing starts in Canada down 22% in August: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 per cent compared with July. Multi-unit urban starts dropped 29 per cent, while single-detached urban starts rose three per cent.
GTA new home sales hit historic low in August
New home sales in the Greater Toronto Area hit historic lows in August, with “very few” projects launching as the preconstruction market continues to struggle amid high interest rates, according to the Building Industry and Land Development Association.
New mortgage rules will ease hurdles - but there's a catch
New federal rules would help homebuyers access lower mortgage rates for pricier properties and pay smaller instalments over a longer time period, but the changes would also allow borrowers to take on more debt and pay more interest on it.
Many Toronto buyers waiting for prices to drop
Tentative buyers in the Toronto-area real estate market appear more willing to approach the bargaining table as the fall market kicks off, but they are quick to back away when sellers seem immovable.
Canada luxury real estate market seeing more price stability
The 2024 Royal LePage Carriage Trade Luxury Market Report, released Thursday, found that luxury real estate prices in Canada saw slight gains in some regions and incremental declines in other areas during the first eight months of the year.
Ottawa only at 22% of target for housing starts in 2024
The City of Ottawa will need to get shovels in the ground to be eligible for provincial housing funding this year, with new housing construction starts only at 22 per cent of the target.
Toronto townhouse complex could quadruple in size
Swansea Mews, the west-end Toronto townhouse complex condemned after a 2022 ceiling collapse, could quadruple in size over the coming years. A new vision for the subsidized rental community beside High Park was revealed Monday.
Massive expansion of non-market housing needed in B.C.
A new report from the Canadian Centre for Policy Alternatives is calling for a massive expansion of non-market housing to make it more affordable to live in B.C. The report says high housing costs are eroding the province's economy.
B.C. renters paying less since Airbnb restrictions took effect
Municipal regulations on short-term rentals saved B.C. renters a total of more than $600 million in rent increases last year, according to a new study from McGill University. In Vancouver, rents are on average $147 less per month.
Project shows rent-to-own can help housing affordability
A rent-to-own program in Port Moody, B.C. allowed qualified first-time purchasers to rent their new homes at below-market rates for two years, with all the money going toward the initial purchase price. The idea proved wildly successful.
Why is rent so expensive in Canada?
Rent is expensive in Canada, and there’s no sign it’s going to get cheaper any time soon. Some of the main factors keeping rents high are demand greater than supply, record-low vacancy rates and inflation.
Rate cuts not the only key for first-time buyers
COLUMN: High interest rates are just one of several financial hurdles first-time buyers have to overcome. Saving for a down payment and passing the mortgage stress test are key factors as well, writes Royal LePage COO Karen Yolevski.
Toronto home sold at massive $900K loss
According to its listing, this four-bedroom, five-bathroom home in Toronto's Bedford Park neighbourhood boasts over 4,200 square feet of living space. It was purchased for $6.8 million in January 2022. Last month it was sold for $5.9 million.
B.C. town sues over stalled 'eyesore' house build
The south Okanagan resort town of Osoyoos went to court against Murray and Kathy Bloom, who began building on Oleander Drive in 2018, renewing their building permit three times. But the house is still unfinished after six years.
Canada’s most-expensive home for sale is in West Vancouver
For $58.8 million, you can buy the property at 3330 Radcliffe Ave., located in Vancouver's West Bay neighbourhood. At nearly 10,000 square feet, the five-bedroom, six-bathroom structure was custom designed by reputed architect Russell Hollingsworth.
U.S. homebuilder stocks surge after Fed rate cuts
Shares of major U.S. homebuilders surged in premarket trade on Thursday, buoyed by expectations of higher demand due to reduced borrowing costs after the Federal Reserve unveiled a 0.5 per cent interest rate cut.
U.S. housing starts increase to fastest pace since April
U.S. housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.
Australia struggles to solve housing crisis
Australia’s latest attempts to solve its housing crisis are stuck in gridlock as its available rental space hovers near a record low. Home prices in the country are also rising, even with interest rates at a 12-year high.
The most popular tech features for homeowners
Home buyers are increasingly expecting features that enhance both convenience and security. The top smart home features in demand include: smart lighting systems, doorbell cameras with live video feeds and integrated security panels, according to a leading U.S. homebuilder.
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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